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REGISTERED NUMBER: SC591442 (Scotland)










Unaudited Financial Statements

for the Year Ended

31 March 2024

for

LANARKSHIRE PEOPLE ADVERTISING LTD

LANARKSHIRE PEOPLE ADVERTISING LTD (REGISTERED NUMBER: SC591442)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LANARKSHIRE PEOPLE ADVERTISING LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs S McBride
Ms A O'Hare
C McBride





REGISTERED OFFICE: 49 Challum Drive
Motherwell
ML1 2FD





REGISTERED NUMBER: SC591442 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

LANARKSHIRE PEOPLE ADVERTISING LTD (REGISTERED NUMBER: SC591442)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,368 16,567

CURRENT ASSETS
Debtors 5 24,554 26,002
Cash at bank and in hand 11,773 4,448
36,327 30,450
CREDITORS
Amounts falling due within one year 6 (28,204 ) (23,888 )
NET CURRENT ASSETS 8,123 6,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,491

23,129

CREDITORS
Amounts falling due after more than
one year

7

(4,269

)

(7,447

)

PROVISIONS FOR LIABILITIES (1,590 ) (3,148 )
NET ASSETS 10,632 12,534

LANARKSHIRE PEOPLE ADVERTISING LTD (REGISTERED NUMBER: SC591442)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,532 12,434
SHAREHOLDERS' FUNDS 10,632 12,534

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:




Mrs S McBride - Director



C McBride - Director


LANARKSHIRE PEOPLE ADVERTISING LTD (REGISTERED NUMBER: SC591442)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Lanarkshire People Advertising Ltd is a private company, limited by shares , registered in Scotland. 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 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.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

LANARKSHIRE PEOPLE ADVERTISING LTD (REGISTERED NUMBER: SC591442)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 34,037
DEPRECIATION
At 1 April 2023 17,470
Charge for year 8,199
At 31 March 2024 25,669
NET BOOK VALUE
At 31 March 2024 8,368
At 31 March 2023 16,567

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,554 25,964
Other debtors - 38
24,554 26,002

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,691 3,178
Trade creditors 1,715 6,228
Taxation and social security 10,089 9,608
Other creditors 7,709 4,874
28,204 23,888

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,269 7,447