IRIS Accounts Production v24.2.0.383 08943379 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh089433792023-03-31089433792024-03-31089433792023-04-012024-03-31089433792022-03-31089433792022-04-012023-03-31089433792023-03-3108943379ns15:EnglandWales2023-04-012024-03-3108943379ns14:PoundSterling2023-04-012024-03-3108943379ns10:Director12023-04-012024-03-3108943379ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108943379ns10:SmallEntities2023-04-012024-03-3108943379ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108943379ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108943379ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108943379ns10:FullAccounts2023-04-012024-03-3108943379ns10:OrdinaryShareClass12023-04-012024-03-3108943379ns10:Director22023-04-012024-03-3108943379ns10:Director32023-04-012024-03-3108943379ns10:RegisteredOffice2023-04-012024-03-3108943379ns5:CurrentFinancialInstruments2024-03-3108943379ns5:CurrentFinancialInstruments2023-03-3108943379ns5:ShareCapital2024-03-3108943379ns5:ShareCapital2023-03-3108943379ns5:RetainedEarningsAccumulatedLosses2024-03-3108943379ns5:RetainedEarningsAccumulatedLosses2023-03-3108943379ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108943379ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108943379ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 08943379 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

LAINE FINANCIAL MANAGEMENT LTD

LAINE FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: 08943379)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LAINE FINANCIAL MANAGEMENT LTD

Company Information
for the year ended 31 March 2024







DIRECTORS: N T Cowdrey
N J Evans
S B Mackie





REGISTERED OFFICE: Unit 1, Pondtail Farm
Coolham Road
West Grinstead
Horsham
West Sussex
RH13 8LN





REGISTERED NUMBER: 08943379 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

LAINE FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: 08943379)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 13,803 15,754
Cash at bank 53,117 42,877
66,920 58,631
CREDITORS
Amounts falling due within one year 5 (38,303 ) (36,446 )
NET CURRENT ASSETS 28,617 22,185
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,617

22,185

CAPITAL AND RESERVES
Called up share capital 6 6 6
Retained earnings 28,611 22,179
SHAREHOLDERS' FUNDS 28,617 22,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 5 September 2024 and were signed on its behalf by:





S B Mackie - Director


LAINE FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: 08943379)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Laine Financial Management Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents invoiced sales of financial planning services supplied by the company and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Financial instruments
Financial assets, liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

LAINE FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: 08943379)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 13,803 15,754

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 37,044 35,187
Other creditors 1,259 1,259
38,303 36,446

6. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
560 Share capital 1 £0.01 6 6