Caseware UK (AP4) 2023.0.135 2023.0.135 22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-01-01falsetrueSports Consultancytrue 06034951 2023-01-01 2023-12-31 06034951 2022-01-01 2022-12-31 06034951 2023-12-31 06034951 2022-12-31 06034951 c:CompanySecretary1 2023-01-01 2023-12-31 06034951 c:Director1 2023-01-01 2023-12-31 06034951 c:RegisteredOffice 2023-01-01 2023-12-31 06034951 d:MotorVehicles 2023-01-01 2023-12-31 06034951 d:MotorVehicles 2023-12-31 06034951 d:MotorVehicles 2022-12-31 06034951 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06034951 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 06034951 d:FurnitureFittings 2023-01-01 2023-12-31 06034951 d:FurnitureFittings 2023-12-31 06034951 d:FurnitureFittings 2022-12-31 06034951 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06034951 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 06034951 d:OfficeEquipment 2023-01-01 2023-12-31 06034951 d:OfficeEquipment 2023-12-31 06034951 d:OfficeEquipment 2022-12-31 06034951 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06034951 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 06034951 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06034951 d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 06034951 d:CurrentFinancialInstruments 2023-12-31 06034951 d:CurrentFinancialInstruments 2022-12-31 06034951 d:Non-currentFinancialInstruments 2023-12-31 06034951 d:Non-currentFinancialInstruments 2022-12-31 06034951 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06034951 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06034951 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 06034951 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 06034951 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 06034951 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 06034951 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 06034951 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 06034951 d:ShareCapital 2023-12-31 06034951 d:ShareCapital 2022-12-31 06034951 d:RetainedEarningsAccumulatedLosses 2023-12-31 06034951 d:RetainedEarningsAccumulatedLosses 2022-12-31 06034951 c:OrdinaryShareClass1 2023-01-01 2023-12-31 06034951 c:OrdinaryShareClass1 2023-12-31 06034951 c:OrdinaryShareClass1 2022-12-31 06034951 c:FRS102 2023-01-01 2023-12-31 06034951 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06034951 c:AbridgedAccounts 2023-01-01 2023-12-31 06034951 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06034951 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 06034951 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 06034951 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 06034951 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 06034951 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06034951










Lida Consultants Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2023

 
Lida Consultants Limited
 

Company Information


Director
W L Rosenior 




Company secretary
Ms L K Woodyatt



Registered number
06034951



Registered office
2nd Floor
168 Shoreditch High Street

London

E1 6RA




Accountants
Kreston Reeves LLP
Chartered Accountants

2nd Floor

168 Shoreditch High Street

London

E1 6RA





 
Lida Consultants Limited
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of Lida Consultants Limited for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lida Consultants Limited for the year ended 31 December 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Lida Consultants Limited in accordance with the terms of our engagement letter dated 22 August 2022Our work has been undertaken solely to prepare for your approval the financial statements of Lida Consultants Limited and state those matters that we have agreed to state to the director of Lida Consultants Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lida Consultants Limited and its director for our work or for this report. 

It is your duty to ensure that Lida Consultants Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lida Consultants Limited. You consider that Lida Consultants Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Lida Consultants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
2nd Floor
168 Shoreditch High Street
London
E1 6RA
26 July 2024
Page 1

 
Lida Consultants Limited
Registered number: 06034951

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
398
13,791

  
398
13,791

Current assets
  

Debtors: amounts falling due within one year
 5 
39,326
40,770

Cash at bank and in hand
 6 
7,994
7,979

  
47,320
48,749

Creditors: amounts falling due within one year
 7 
(45,730)
(30,429)

Net current assets
  
 
 
1,590
 
 
18,320

Total assets less current liabilities
  
1,988
32,111

Creditors: amounts falling due after more than one year
 8 
(10,928)
(32,058)

  

Net (liabilities)/assets
  
(8,940)
53


Capital and reserves
  

Called up share capital 
 11 
6
6

Profit and loss account
  
(8,946)
47

  
(8,940)
53


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 July 2024.




W L Rosenior
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
Lida Consultants Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

1.


General information

The company is a private limited company, incorporated and domiciled in England & Wales. The company's registered office is at 2nd Floor, 168 Shoreditch High Street, London E1 6RA.
The company's principal activity during the year was that of  management consultants in the sports.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts.

 
2.3

Going concern

The director has prepared these financial statements on the going concern basis. 

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
Lida Consultants Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
straight line
Fixtures & fittings
-
25%
straight line
Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.7

Debtors

Short term debtors are measured at the transaction price.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

  
2.9

Creditors

Short term creditors are measured at the transaction price. 

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2023
2022
£
£

Wages and salaries
1,200
1,200

Social security costs
248
146

1,448
1,346


The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
Lida Consultants Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures & fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
54,997
3,153
1,743
59,893


Additions
-
529
-
529



At 31 December 2023

54,997
3,682
1,743
60,422



Depreciation


At 1 January 2023
41,248
3,153
1,701
46,102


Charge for the year on owned assets
-
132
42
174


Charge for the year on financed assets
13,749
-
-
13,749



At 31 December 2023

54,997
3,285
1,743
60,025



Net book value



At 31 December 2023
-
397
-
397



At 31 December 2022
13,749
-
42
13,791


5.


Debtors

2023
2022
£
£


Other debtors
39,326
40,770

39,326
40,770



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
7,994
7,979

Less: bank overdrafts
(4,949)
(4,783)

3,045
3,196


Page 5

 
Lida Consultants Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
4,949
4,783

Bank loans
6,034
6,389

Corporation tax
6,560
5,537

Other taxation and social security
150
50

Obligations under finance lease and hire purchase contracts
23,356
9,401

Other creditors
2,194
2,194

Accruals and deferred income
2,487
2,075

45,730
30,429



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
10,928
15,860

Net obligations under finance leases and hire purchase contracts
-
16,198

10,928
32,058



9.


Loans


2023
2022
£
£

Amounts falling due within one year

Bank loans
6,034
6,389


6,034
6,389

Amounts falling due 1-2 years

Bank loans
10,929
6,092


10,929
6,092

Amounts falling due 2-5 years

Bank loans
-
9,768


-
9,768


16,963
22,249


Page 6

 
Lida Consultants Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
9,401
9,401

Between 1-5 years
6,797
16,197

16,198
25,598


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



6 (2022 - 6) Ordinary shares of £1 each
6
6



12.


Related party transactions

During the year the company paid dividends amounting to £Nil (2022 - £13,900) to the director, W L Rosenior.  As at 31 December 2023, W L Rosenior owed £29,462 (2022 - £30,904) to the company.


13.


Controlling party

Through his 100% shareholding, Mr WL Rosenior controls the company.


Page 7