Registered number
09045962
London Consulting Centre Ltd
Filleted Accounts
31 May 2023
London Consulting Centre Ltd
Registered number: 09045962
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 1,020 1,020
Tangible assets 4 23,725 28,802
24,745 29,822
Current assets
Cash at bank and in hand 205 -
Creditors: amounts falling due within one year 5 (48,830) (45,909)
Net current liabilities (48,625) (45,909)
Net liabilities (23,880) (16,087)
Capital and reserves
Called up share capital 1 1
Profit and loss account (23,881) (16,088)
Shareholders' funds (23,880) (16,087)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
German Kudryavtsev
Director
Approved by the board on 14 February 2024
London Consulting Centre Ltd
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2022 1,020
At 31 May 2023 1,020
Amortisation
At 31 May 2023 -
Net book value
At 31 May 2023 1,020
At 31 May 2022 1,020
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2022 4,608 54,731 59,339
Additions 2,832 - 2,832
At 31 May 2023 7,440 54,731 62,171
Depreciation
At 1 June 2022 3,585 26,952 30,537
Charge for the year 964 6,945 7,909
At 31 May 2023 4,549 33,897 38,446
Net book value
At 31 May 2023 2,891 20,834 23,725
At 31 May 2022 1,023 27,779 28,802
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,071 18,478
Obligations under finance lease and hire purchase contracts 18,725 18,725
Other creditors 20,034 8,706
48,830 45,909
6 Other information
London Consulting Centre Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Office 8a Kew Bridge Piazza
8 Kew Bridge Road
Brentford
TW8 0FJ
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