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REGISTERED NUMBER: 09126559 (England and Wales)



Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 July 2023

for

Longman1 Consultants Limited

Longman1 Consultants Limited (Registered number: 09126559)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


Longman1 Consultants Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr Olajuwon Taiwo
Ms Lynda Yewande Ogundero





REGISTERED OFFICE: 167 Callowbrook Lane
Rednal
Birmingham
Essex
B45 9TG





REGISTERED NUMBER: 09126559 (England and Wales)





ACCOUNTANTS: Argon & Krypton Consulting Ltd
(Chartered Certified Accountants & Tax Advisers)
Unit 6
Town Quay Wharf
Abbey Road
Barking
Essex
IG11 7BZ

Longman1 Consultants Limited (Registered number: 09126559)

Report of the Directors
for the Year Ended 31 July 2023

The directors present their report with the financial statements of the company for the year ended 31 July 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of IT Consultants

DIRECTORS
The directors set out in the table below have held office during the whole of the period from 1 August 2022 to the date of this report.

The beneficial interests of the directors holding office at 31 July 2023 in the shares of the company, according to the register of directors' interests, were as follows:

31.7.23 1.8.22
Ordinary Share Capital shares of £1 each
Mr Olajuwon Taiwo 50 50
Ms Lynda Yewande Ogundero 30 30

These directors did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr Olajuwon Taiwo - Director


16 April 2024

Longman1 Consultants Limited (Registered number: 09126559)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
CURRENT ASSETS
Debtors 5 186 186
Cash at bank - 1,140
186 1,326
CREDITORS
Amounts falling due within one year 6 6,262 4,671
NET CURRENT LIABILITIES (6,076 ) (3,345 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,076

)

(3,345

)

CREDITORS
Amounts falling due after more than one year 7 (46,138 ) (47,959 )

ACCRUALS AND DEFERRED INCOME (110 ) -
NET LIABILITIES (52,324 ) (51,304 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 (52,424 ) (51,404 )
SHAREHOLDERS' FUNDS (52,324 ) (51,304 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Longman1 Consultants Limited (Registered number: 09126559)

Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:





Mr Olajuwon Taiwo - Director


Longman1 Consultants Limited (Registered number: 09126559)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Longman1 Consultants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

Longman1 Consultants Limited (Registered number: 09126559)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 11,824
DEPRECIATION
At 1 August 2022
and 31 July 2023 11,824
NET BOOK VALUE
At 31 July 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Contract Invoices Recoverable contract 186 186

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 371 -
Trade Creditors 1 1
Accountancy. 4,998 3,778
Social security and other taxes 892 892
6,262 4,671

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans more 5 yrs non-inst 46,138 47,959

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 46,138 47,959

Longman1 Consultants Limited (Registered number: 09126559)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. RESERVES
Retained
earnings
£   

At 1 August 2022 (51,404 )
Deficit for the year (1,020 )
At 31 July 2023 (52,424 )