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REGISTERED NUMBER: 09217419 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LOUISE MIDGLEY COMMUNICATIONS LTD

LOUISE MIDGLEY COMMUNICATIONS LTD (REGISTERED NUMBER: 09217419)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOUISE MIDGLEY COMMUNICATIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A R Deacon
M L Midgley





REGISTERED OFFICE: The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG





REGISTERED NUMBER: 09217419 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

LOUISE MIDGLEY COMMUNICATIONS LTD (REGISTERED NUMBER: 09217419)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,771 5,750

CURRENT ASSETS
Debtors 5 4,772 6,021
Cash at bank 6,208 2,342
10,980 8,363
CREDITORS
Amounts falling due within one year 6 15,237 17,384
NET CURRENT LIABILITIES (4,257 ) (9,021 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

514

(3,271

)

CREDITORS
Amounts falling due after more than one
year

7

(2,200

)

(3,400

)

PROVISIONS FOR LIABILITIES - (179 )
NET LIABILITIES (1,686 ) (6,850 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,786 ) (6,950 )
SHAREHOLDERS' FUNDS (1,686 ) (6,850 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

LOUISE MIDGLEY COMMUNICATIONS LTD (REGISTERED NUMBER: 09217419)

BALANCE SHEET - continued
31 DECEMBER 2023


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 18 September 2024 and were signed on its behalf by:





M L Midgley - Director


LOUISE MIDGLEY COMMUNICATIONS LTD (REGISTERED NUMBER: 09217419)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Louise Midgley Communications Ltd 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.

The company has net current liabilities of £4,257 and net liabilities of £1,686. In the opinion of the Directors, the company will be able to repay all debts as they fall due, as such the financial statements have been prepared on a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as turnover as services are delivered to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on cost
Computer equipment - 33% 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.

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.

LOUISE MIDGLEY COMMUNICATIONS LTD (REGISTERED NUMBER: 09217419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. If equity investments are not publicly traded or fair value cannot be measured reliably, they are measured at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 4,805 182 2,639 1,669 9,295
DEPRECIATION
At 1 January 2023 - 162 1,951 1,432 3,545
Charge for year 480 5 264 230 979
At 31 December 2023 480 167 2,215 1,662 4,524
NET BOOK VALUE
At 31 December 2023 4,325 15 424 7 4,771
At 31 December 2022 4,805 20 688 237 5,750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,050 5,300
Other debtors 722 721
4,772 6,021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,200 1,200
Trade creditors - 745
Taxation and social security 28 -
Other creditors 14,009 15,439
15,237 17,384

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 2,200 3,400

LOUISE MIDGLEY COMMUNICATIONS LTD (REGISTERED NUMBER: 09217419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. RELATED PARTY DISCLOSURES

At 31 December 2023 the Directors were owed £12,516 (2022: £13,252). The amount owing is free of interest and repayable on demand.