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Company Registration No. 11235154 (England and Wales)
LURNABLE LTD Unaudited accounts for the year ended 31 December 2023
LURNABLE LTD Unaudited accounts Contents
Page
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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
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LURNABLE LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
693 
Current assets
Debtors
1,059 
1,059 
Cash at bank and in hand
12,036 
- 
13,095 
1,059 
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)
Capital and reserves
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
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LURNABLE LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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.
Turnover
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
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.
Research and development
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
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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 
Depreciation
At 1 January 2023
634 
756 
1,390 
Charge for the year
316 
377 
693 
At 31 December 2023
950 
1,133 
2,083 
Net book value
At 31 December 2023
- 
- 
- 
At 31 December 2022
316 
377 
693 
5
Debtors
2023 
2022 
£ 
£ 
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 
Accruals
900 
900 
103,680 
32,865 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
3,407 
5,200 
8
Share capital
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).
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