1 January 2023 false No description of principal activity Taxfiler 2024.5 SC399059business:PrivateLimitedCompanyLtd2023-01-012023-12-31 SC3990592022-12-31 SC3990592023-01-012023-12-31 SC399059business:AuditExemptWithAccountantsReport2023-01-012023-12-31 SC399059business:AbridgedAccounts2023-01-012023-12-31 SC3990592023-12-31 SC399059business:Director12023-01-012023-12-31 SC399059business:Director22023-01-012023-12-31 SC399059business:Director32023-01-012023-12-31 SC399059business:Director42023-01-012023-12-31 SC399059business:RegisteredOffice2023-01-012023-12-31 SC3990592022-12-31 SC399059core:WithinOneYear2023-12-31 SC399059core:WithinOneYear2022-12-31 SC399059core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC399059core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 SC399059core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC399059core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 SC399059core:PreviouslyStatedAmount2023-12-31 SC399059core:PreviouslyStatedAmount2022-12-31 SC399059business:SmallEntities2023-01-012023-12-31 SC399059countries:Scotland2023-01-012023-12-31 SC399059core:FurnitureFittings2023-01-012023-12-31 SC399059core:ComputerEquipment2023-01-012023-12-31 SC3990592022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC399059 (Scotland)
Lithe It Ltd Unaudited accounts for the year ended 31 December 2023
Lithe It Ltd Unaudited accounts Contents
Page
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Lithe It Ltd Company Information for the year ended 31 December 2023
Directors
Anthony Gerard Murphy Derek Crawford Brendan McNabb Dermot McCauley
Company Number
SC399059 (Scotland)
Registered Office
1st Floor 9 George Square Glasgow G2 1DY Scotland
Accountants
Clarity Accounting (Scotland) Ltd 20 - 23 Woodside Place Glasgow G3 7QL
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Lithe It Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,173 
18,599 
Current assets
Debtors
883,787 
950,219 
Cash at bank and in hand
789,390 
394,358 
1,673,177 
1,344,577 
Creditors: amounts falling due within one year
(1,221,364)
(930,676)
Net current assets
451,813 
413,901 
Total assets less current liabilities
468,986 
432,500 
Provisions for liabilities
Deferred tax
(3,263)
(12,748)
Net assets
465,723 
419,752 
Capital and reserves
Called up share capital
316 
316 
Profit and loss account
465,407 
419,436 
Shareholders' funds
465,723 
419,752 
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by
Derek Crawford Director Company Registration No. SC399059
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Lithe It Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Lithe It Ltd is a private company, limited by shares, registered in Scotland, registration number SC399059. The registered office is 1st Floor 9 George Square, Glasgow, G2 1DY, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% on reducing balance
Computer equipment
33% on cost
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2023
94,598 
Additions
2,748 
At 31 December 2023
97,346 
Depreciation
At 1 January 2023
75,999 
Charge for the year
4,174 
At 31 December 2023
80,173 
Net book value
At 31 December 2023
17,173 
At 31 December 2022
18,599 
5
Average number of employees
During the year the average number of employees was 38 (2022: 35).
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