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REGISTERED NUMBER: 07636477 (England and Wales)


















CESSATION FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

LONSAR CONSULTANCY LIMITED

LONSAR CONSULTANCY LIMITED (REGISTERED NUMBER: 07636477)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LONSAR CONSULTANCY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: R J Parker
N K Parker





REGISTERED OFFICE: Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA





REGISTERED NUMBER: 07636477 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

LONSAR CONSULTANCY LIMITED (REGISTERED NUMBER: 07636477)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 364 1,090
Investments 6 - 107,532
364 108,622

CURRENT ASSETS
Debtors 7 216,740 325,728
Cash at bank 29,344 31,638
246,084 357,366
CREDITORS
Amounts falling due within one year 8 18,714 193,078
NET CURRENT ASSETS 227,370 164,288
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,734

272,910

CREDITORS
Amounts falling due after more than one
year

9

15,663

30,746
NET ASSETS 212,071 242,164

CAPITAL AND RESERVES
Called up and paid share capital 100 100
Retained earnings 211,971 242,064
212,071 242,164

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

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

LONSAR CONSULTANCY LIMITED (REGISTERED NUMBER: 07636477)

BALANCE SHEET - continued
31 JULY 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 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 25 July 2024 and were signed on its behalf by:





R J Parker - Director


LONSAR CONSULTANCY LIMITED (REGISTERED NUMBER: 07636477)

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


1. STATUTORY INFORMATION

Lonsar 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


LONSAR CONSULTANCY LIMITED (REGISTERED NUMBER: 07636477)

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


2. ACCOUNTING POLICIES - continued
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
For a defined benefit scheme, the liability recorded in the balance sheet is the present value of the defined obligation at that date. The defined benefit obligation is calculated on the annual basis by independent actuaries.

Actuarial gains and losses are recognised in full in the period in which they occur and are shown in other comprehensive income.

Current and past service costs, along with settlements or curtailments, are charged to the income statement. Interest on pension plan liabilities are recognised within finance expenses.

Going concern
The financial statements have been prepared on the going concern concept. This assumes that the company will achieve a profitable level of trading. The financial statements do not account for any adjustments that would be required if the company was unable to achieve these objectives.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 150,000
AMORTISATION
At 1 August 2022
and 31 July 2023 150,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

LONSAR CONSULTANCY LIMITED (REGISTERED NUMBER: 07636477)

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


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 3,436
DEPRECIATION
At 1 August 2022 2,346
Charge for year 726
At 31 July 2023 3,072
NET BOOK VALUE
At 31 July 2023 364
At 31 July 2022 1,090

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022 107,532
Disposals (107,532 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 107,532

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 36,080
Other debtors 216,740 289,648
216,740 325,728

LONSAR CONSULTANCY LIMITED (REGISTERED NUMBER: 07636477)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,119 9,748
Trade creditors - 40,072
Taxation and social security 7,270 118,056
Other creditors 1,325 25,202
18,714 193,078

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,663 30,746

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors operated a loan with the company with no fixed terms of repayment or interest. Amounts advanced during the period were £216,586 (2022 - £236,674) and repayments amounting to £236,674 (2022- £132,145). At the period end the amount owing to the company was £216,586 (2022 - £236,674).