Company Registration No. 11235154 (England and Wales)
LURNABLE LTD
Unaudited accounts
for the year ended 31 December 2023
LURNABLE LTD
Unaudited accounts
Contents
LURNABLE LTD
Company Information
for the year ended 31 December 2023
Director
N Balasubramaniam
Company Number
11235154 (England and Wales)
Registered Office
4th Floor 205 Regent Street
London
England
W1B 4HB
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
LURNABLE LTD
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
12,036
-
Creditors: amounts falling due within one year
(103,680)
(32,865)
Net current liabilities
(90,585)
(31,806)
Total assets less current liabilities
(90,585)
(31,113)
Creditors: amounts falling due after more than one year
(3,407)
(5,200)
Net liabilities
(93,992)
(36,313)
Called up share capital
1
1
Profit and loss account
(93,993)
(36,314)
Shareholders' funds
(93,992)
(36,313)
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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 20 September 2024 and were signed on its behalf by
N Balasubramaniam
Director
Company Registration No. 11235154
LURNABLE LTD
Notes to the Accounts
for the year ended 31 December 2023
LURNABLE LTD is a private company, limited by shares, registered in England and Wales, registration number 11235154. The registered office is 4th Floor 205 Regent Street, London, England, W1B 4HB.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Expenditure on research and development is written off in the year in which it is incurred.
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
3 Years Straight Line
Computer equipment
3 Years Straight Line
LURNABLE LTD
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
950
1,133
2,083
At 31 December 2023
950
1,133
2,083
At 1 January 2023
634
756
1,390
Charge for the year
316
377
693
At 31 December 2023
950
1,133
2,083
At 31 December 2022
316
377
693
Amounts falling due within one year
Amounts due from group undertakings etc.
1,059
1,059
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,000
6,860
Taxes and social security
16
-
Loans from directors
100,764
25,105
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Transactions with related parties
Lurnable Ltd
The company is related to Lurnable Ltd by virtue of common shareholders and directors. The amount owed from Lurnable India at the balance sheet date was £1,059
10
Average number of employees
During the year the average number of employees was 1 (2022: 9).