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REGISTERED NUMBER: 07569351 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

LV CONSULTANCY LIMITED

LV CONSULTANCY LIMITED (REGISTERED NUMBER: 07569351)

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










Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


LV CONSULTANCY LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs L Vause
Mr J Vause





REGISTERED OFFICE: Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG





REGISTERED NUMBER: 07569351 (England and Wales)





ACCOUNTANTS: Butterworth Barlow
Chartered Accountants
Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG

LV CONSULTANCY LIMITED (REGISTERED NUMBER: 07569351)

Report of the Directors
for the Year Ended 31 March 2024


The directors present their report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of business consultancy and ethical auditing services.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

Mrs L Vause
Mr J Vause

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs L Vause - Director


16 September 2024

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
LV Consultancy Limited



In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LV Consultancy Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of LV Consultancy Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of LV Consultancy Limited and state those matters that we have agreed to state to the Board of Directors of LV Consultancy Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LV Consultancy Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that LV Consultancy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of LV Consultancy Limited. You consider that LV Consultancy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of LV Consultancy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Butterworth Barlow
Chartered Accountants
Liverpool


Date: .............................................

LV CONSULTANCY LIMITED (REGISTERED NUMBER: 07569351)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 76,123 74,182

Administrative expenses (40,978 ) (42,880 )
OPERATING PROFIT 4 35,145 31,302

Interest receivable and similar income 938 222
PROFIT BEFORE TAXATION 36,083 31,524

Tax on profit (6,856 ) (6,091 )
PROFIT FOR THE FINANCIAL YEAR 29,227 25,433

LV CONSULTANCY LIMITED (REGISTERED NUMBER: 07569351)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 6 81 360
Cash at bank 66,727 61,285
66,808 61,645
CREDITORS
Amounts falling due within one year 7 15,622 13,186
NET CURRENT ASSETS 51,186 48,459
TOTAL ASSETS LESS CURRENT LIABILITIES 51,186 48,459

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 51,086 48,359
SHAREHOLDERS' FUNDS 51,186 48,459

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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





Mrs L Vause - Director


LV CONSULTANCY LIMITED (REGISTERED NUMBER: 07569351)

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


1. STATUTORY INFORMATION

LV Consultancy 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 the cost less estimated residual value of each asset over its estimated useful life.
Office equipment - 25% on cost

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.

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 1 (2023 - 1 ) .

LV CONSULTANCY LIMITED (REGISTERED NUMBER: 07569351)

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


4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets - 242

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 969
DEPRECIATION
At 1 April 2023
and 31 March 2024 969
NET BOOK VALUE
At 31 March 2024 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 81 -
Prepayments - 360
81 360

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 6,856 6,036
VAT 3,332 3,173
Directors' loan accounts 2,221 1,517
Accruals and deferred income 3,213 2,460
15,622 13,186