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Registered number: 14207210
Lavenham Analytics Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
The Accountancy People Manchester Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14207210
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,200,482 1,335,053
Tangible Assets 5 342,029 435,306
1,542,511 1,770,359
CURRENT ASSETS
Debtors 6 23,244 18,077
Cash at bank and in hand 191,621 1,163,050
214,865 1,181,127
Creditors: Amounts Falling Due Within One Year 7 (328,558 ) (533,701 )
NET CURRENT ASSETS (LIABILITIES) (113,693 ) 647,426
TOTAL ASSETS LESS CURRENT LIABILITIES 1,428,818 2,417,785
Creditors: Amounts Falling Due After More Than One Year 8 (1,250,000 ) (1,250,000 )
NET ASSETS 178,818 1,167,785
CAPITAL AND RESERVES
Called up share capital 10 1,000,100 1,000,100
Share premium account 311,594 311,594
Profit and Loss Account (1,132,876 ) (143,909 )
SHAREHOLDERS' FUNDS 178,818 1,167,785
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Olivier Beroud
Director
10 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Lavenham Analytics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14207210 . The registered office is Phoenix House, 2 Huddersfield Road, Stalybridge, Cheshire, SK15 2QA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Business IPRs, Records and Development. They are amortised to profit and loss account over their estimated economic life of 10 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings SL 5 years
Computer Equipment SL 5 years
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2023 319,820 1,025,894 1,345,714
As at 31 December 2023 319,820 1,025,894 1,345,714
Amortisation
As at 1 January 2023 10,661 - 10,661
Provided during the period 31,982 102,589 134,571
As at 31 December 2023 42,643 102,589 145,232
Net Book Value
As at 31 December 2023 277,177 923,305 1,200,482
As at 1 January 2023 309,159 1,025,894 1,335,053
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 504 465,880 466,384
As at 31 December 2023 504 465,880 466,384
Depreciation
As at 1 January 2023 19 31,059 31,078
Provided during the period 101 93,176 93,277
As at 31 December 2023 120 124,235 124,355
Net Book Value
As at 31 December 2023 384 341,645 342,029
As at 1 January 2023 485 434,821 435,306
6. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Prepayments and accrued income - 5,806
VAT 23,244 12,271
23,244 18,077
7. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 90,505 33,701
Other loans - 500,000
Other taxes and social security 7,205 -
Other creditors 40 -
Other creditors (1) 165 -
Accruals and deferred income 230,628 -
Directors' loan accounts 15 -
328,558 533,701
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Other loans 1,250,000 1,250,000
1,250,000 1,250,000
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9. Secured Creditors
Of the creditors the following amounts are secured.
31 December 2023 31 December 2022
£ £
Other Creditors 1,250,000 1,250,000
10. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 1,000,100 1,000,100
11. Related Party Transactions
Included in other creditors is £40 (2022: NIL) owed to Lavenham AP Limited, a company which Olivier Beroud, Pierre Seydoux and David King are also directors of. 
Included in other creditors is £164 (2022: NIL) owed to Beroud Consulting Limited, a company which Olivier Beroud is also a director of. 
12. Ultimate Controlling Party
The company's ultimate controlling party is Lavenham AP Limited by virtue of its ownership of 69% of the issued share capital in the company.
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