LDS ADVISORS LTD 13730323 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is providing expertise and assistance with an internally generated software system and associated consultancy work. Digita Accounts Production Advanced 6.30.9574.0 true true 13730323 2022-12-01 2023-11-30 13730323 2023-11-30 13730323 bus:Director1 1 2023-11-30 13730323 bus:OrdinaryShareClass1 bus:OtherShareType 2023-11-30 13730323 core:RetainedEarningsAccumulatedLosses 2023-11-30 13730323 core:ShareCapital 2023-11-30 13730323 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 13730323 core:OfficeEquipment 2023-11-30 13730323 bus:SmallEntities 2022-12-01 2023-11-30 13730323 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 13730323 bus:FilletedAccounts 2022-12-01 2023-11-30 13730323 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13730323 bus:RegisteredOffice 2022-12-01 2023-11-30 13730323 bus:Director1 2022-12-01 2023-11-30 13730323 bus:Director1 1 2022-12-01 2023-11-30 13730323 bus:OrdinaryShareClass1 bus:OtherShareType 2022-12-01 2023-11-30 13730323 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13730323 core:ComputerEquipment 2022-12-01 2023-11-30 13730323 core:OfficeEquipment 2022-12-01 2023-11-30 13730323 countries:England 2022-12-01 2023-11-30 13730323 2022-11-30 13730323 bus:Director1 1 2022-11-30 13730323 core:OfficeEquipment 2022-11-30 13730323 2021-12-01 2022-11-30 13730323 2022-11-30 13730323 bus:OrdinaryShareClass1 bus:OtherShareType 2022-11-30 13730323 core:RetainedEarningsAccumulatedLosses 2022-11-30 13730323 core:ShareCapital 2022-11-30 13730323 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 13730323 core:OfficeEquipment 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13730323

LDS ADVISORS LTD

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

LDS ADVISORS LTD

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

LDS ADVISORS LTD

Company Information

Director

Mr Robert Myrddin James

Registered office

12 Westbourne Close
Laverstock
Salisbury
Wiltshire
SP1 2RU

Accountants

Numeric Accounting
Chartered Certified Accountants
Suite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

LDS ADVISORS LTD

(Registration number: 13730323)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

780

1,040

Current assets

 

Cash at bank and in hand

 

763

2,431

Creditors: Amounts falling due within one year

5

(10,085)

(1,998)

Net current (liabilities)/assets

 

(9,322)

433

Net (liabilities)/assets

 

(8,542)

1,473

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(8,642)

1,373

Shareholders' (deficit)/funds

 

(8,542)

1,473

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 August 2024
 

.........................................
Mr Robert Myrddin James
Director

 

LDS ADVISORS LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
12 Westbourne Close
Laverstock
Salisbury
Wiltshire
SP1 2RU

These financial statements were authorised for issue by the director on 16 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company has negative equity of -£8,642 (2022: £1,373). The director(s) believe that the company will be able to meet its financial obligations as they fall due and have guaranteed that they will continue to support the business for a period of 12 months from the date the accounts are authorised for issue. Therefore they see no reason to disapply the going concern basis.

 

LDS ADVISORS LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

20% Straight Line

 

LDS ADVISORS LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

2

Accounting policies (continued)

Financial instruments

Classification
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
 Recognition and measurement
When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

 

LDS ADVISORS LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 December 2022

1,300

1,300

At 30 November 2023

1,300

1,300

Depreciation

At 1 December 2022

260

260

Charge for the year

260

260

At 30 November 2023

520

520

Carrying amount

At 30 November 2023

780

780

At 30 November 2022

1,040

1,040

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,358

-

Taxation and social security

78

78

Accruals and deferred income

-

720

Other creditors

8,649

1,200

10,085

1,998

6

Share capital

Allotted, called up and fully paid shares

 

LDS ADVISORS LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

6

Share capital (continued)

2023

2022

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

7

Related party transactions

 

LDS ADVISORS LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

7

Related party transactions (continued)

Transactions with the director

2023

At 1 December 2022
£

Advances to director
£

Repayments by director
£

At 30 November 2023
£

Mr Robert Myrddin James

1,200

(317)

7,765

8,648