Registered number
07621745
LUNDSBERG CONSULTING LIMITED
Unaudited Filleted Accounts
29 February 2024
LUNDSBERG CONSULTING LIMITED
Registered number: 07621745
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 - 23,198
Cash at bank and in hand 8,749 750,804
8,749 774,002
Creditors: amounts falling due within one year 4 (8,649) (45,786)
Net current assets 100 728,216
Net assets 100 728,216
Capital and reserves
Called up share capital 100 100
Profit and loss account - 728,116
Shareholders' funds 100 728,216
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.
L Lundsberg-Nielsen
Director
Approved by the board on 1 March 2024
LUNDSBERG CONSULTING LIMITED
Notes to the Accounts
for the period from 1 April 2023 to 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have not been prepared on the going concern basis as the company has ceased trading but subject to this have been prepared in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration receivable in respect of work undertaken and comprises revenue earned from the rendering of services including recharged expenses. These are included in turnover when an invoice is issued on completion of the assignment or contract or at agreed stage payments dates if earlier.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. All differences are charged or credited to profit and loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Debtors 2024 2023
£ £
Trade debtors - 23,198
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 5,649 23,623
Directors' loan account - 17,704
Accruals 3,000 4,459
8,649 45,786
5 Related party transactions
A dividend of £752,341 was paid to the parent company on 23 February 2024.
6 Controlling party
Until 22 February 2024 and throughout the previous period the company has been under the control of Dr Line Lundsberg, a director and shareholder. From 22 February 2024 the company has been under the control of Lundsberg Consulting Holdings ApS, a company incorporated in Denmark of which Dr Line Lundsberg is the sole shareholder.
7 Other information
Lundsberg Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is Dawes Court House, Dawes Court, High Street, Esher, KT10 9QD.
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