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REGISTERED NUMBER: 06832197 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 29 February 2024

for

L T Insurance Services Limited

L T Insurance Services Limited (Registered number: 06832197)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L T Insurance Services Limited

Company Information
for the Year Ended 29 February 2024







Directors: Mrs T A Williams
M P Murphy





Secretary:





Registered office: 73A Bute Street
Treorchy
RCT
CF42 6BD





Registered number: 06832197 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
CF40 1AR

L T Insurance Services Limited (Registered number: 06832197)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 764 998

Current assets
Debtors 5 45,731 42,519
Cash at bank 24,485 28,454
70,216 70,973
Creditors
Amounts falling due within one year 6 29,760 23,818
Net current assets 40,456 47,155
Total assets less current liabilities 41,220 48,153

Creditors
Amounts falling due after more than one
year

7

(27,440

)

(37,500

)

Provisions for liabilities (146 ) (148 )
Net assets 13,634 10,505

Capital and reserves
Called up share capital 5,000 5,000
Retained earnings 8,634 5,505
Shareholders' funds 13,634 10,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

L T Insurance Services Limited (Registered number: 06832197)

Balance Sheet - continued
29 February 2024


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 20 May 2024 and were signed on its behalf by:





Mrs T A Williams - Director


L T Insurance Services Limited (Registered number: 06832197)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. Statutory information

L T Insurance Services 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.
Fixtures and fittings - 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 10 (2023 - 11 ) .

L T Insurance Services Limited (Registered number: 06832197)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 March 2023
and 29 February 2024 17,440
Depreciation
At 1 March 2023 16,442
Charge for year 234
At 29 February 2024 16,676
Net book value
At 29 February 2024 764
At 28 February 2023 998

5. Debtors: amounts falling due within one year
29.2.24 28.2.23
£    £   
Trade debtors 28,813 31,883
Other debtors 16,918 10,636
45,731 42,519

6. Creditors: amounts falling due within one year
29.2.24 28.2.23
£    £   
Taxation and social security 27,753 22,147
Other creditors 2,007 1,671
29,760 23,818

7. Creditors: amounts falling due after more than one year
29.2.24 28.2.23
£    £   
Other creditors 27,440 37,500

L T Insurance Services Limited (Registered number: 06832197)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Mrs T A Williams
Balance outstanding at start of year 4,128 7,628
Amounts advanced 3,514 -
Amounts repaid - (3,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,642 4,128

M P Murphy
Balance outstanding at start of year 4,128 7,628
Amounts advanced 3,250 -
Amounts repaid - (3,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,378 4,128