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REGISTERED NUMBER: 05219611 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Lothar Bohm Associates Limited

Lothar Bohm Associates Limited (Registered number: 05219611)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Lothar Bohm Associates Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Miss M Furness
A N Goldthorpe
A K Sharma


SECRETARY: A K Sharma


REGISTERED OFFICE: c/o Day & Co
Scottish Provident House
76-80 College Road
Harrow
Middlesex
HA1 1BQ


REGISTERED NUMBER: 05219611 (England and Wales)


SENIOR STATUTORY AUDITOR: Michael Richard George


AUDITORS: Michael George & Co.
Statutory Auditor
Dawes Court House
Dawes Court High Street
Esher
Surrey
KT10 9QD


ACCOUNTANT: Day & Co
Scottish Provident House
76-80 College Road
Harrow
Middlesex
HA1 1BQ

Lothar Bohm Associates Limited (Registered number: 05219611)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 7 1,554,125 1,571,265
Cash at bank and in hand 835,909 1,034,473
2,390,034 2,605,738
CREDITORS
Amounts falling due within one year 8 469,878 676,792
NET CURRENT ASSETS 1,920,156 1,928,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,920,156

1,928,946


CAPITAL AND RESERVES
Called up share capital 10 2,750 2,750
Capital redemption reserve 7,250 7,250
Retained earnings 1,910,156 1,918,946
SHAREHOLDERS' FUNDS 1,920,156 1,928,946
1,920,156 1,928,946

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 and Statement of Total Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





A N Goldthorpe - Director


Lothar Bohm Associates Limited (Registered number: 05219611)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Lothar Bohm Associates Limited is a private company, limited by shares, registered in England and Wales, Company Registered Number: 05219611. The company's registered office address is: c/o Day & Co, Scottish Provident House, 76-80 College Road, Harrow, Middlesex, HA1 1BQ and its principal place of business is 57 Hatton Garden, London, EC1N 8HP.

The principal activity of the company in the year under review was that of Consultants in Brand Design.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 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.

Turnover
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, has been
amortised evenly over its estimated useful life of five 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
Fixed Assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets , less their estimated residual value, over their expected useful lives on the following basis :-

Leasehold property - over 2 years
Office Equipment - 33%
Furniture & Fixtures - 25%
Computer Equipment - 1 Year

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 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.


Lothar Bohm Associates Limited (Registered number: 05219611)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

Exchange gains and losses are recognised in the profit and loss account.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Government grants are recognised at their fair value in profit or loss where there is a reasonable assurance that the grant will be received and the Company has complied with all attached conditions.

Revenue Grants are credited to income so as to match them with the expenditure to which they relate. Government grants received are included in 'other income' in profit or loss.

Leasing
Rental payments under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 22 ) .

4. AUDITORS' REMUNERATION
31.12.23 31.12.22
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

8,000

8,000

Lothar Bohm Associates Limited (Registered number: 05219611)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 50,000
AMORTISATION
At 1 January 2023
and 31 December 2023 50,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

6. TANGIBLE FIXED ASSETS
Plant and
Leasehold machinery
property etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 13,450 93,970 107,420
DEPRECIATION
At 1 January 2023
and 31 December 2023 13,450 93,970 107,420
NET BOOK VALUE
At 31 December 2023 - - -

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 9,065
DEPRECIATION
At 1 January 2023
and 31 December 2023 9,065
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Lothar Bohm Associates Limited (Registered number: 05219611)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,332,132 1,494,476
Other debtors 147,812 -
Prepayments 74,181 76,789
1,554,125 1,571,265

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 115,790 248,020
Corporation Tax 137,917 177,880
Social security and other taxes 51,175 44,372
VAT 83,997 34,514
Other creditors 8,549 142,016
Finance Lease 870 870
Accrued expenses 71,580 29,120
469,878 676,792

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year - 119,340
Between one and five years - 57,917
- 177,257

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2,750 Ordinary £1 2,750 2,750

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The audit report is unqualified.

Senior statutory auditor: MICHAEL GEORGE
Firm: Michael George & Co
Date of audit report: 25 September 2024

12. TRANSACTIONS WITH DIRECTORS

Mr A N Goldthorpe and Miss M Furness were members of company's money purchase pension scheme during the year and the contributions paid in the year amounted to £15,989 (2022-£8,000).

Lothar Bohm Associates Limited (Registered number: 05219611)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

13. RELATED PARTY DISCLOSURES

Dividends of £564,500 (2022=£465,000) were paid to director shareholders during the year.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Director Mr. A N Goldthorpe.