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Company Registration No. SC496887 (Scotland)
Lavelle Business Consultancy Ltd Unaudited accounts for the year ended 31 March 2024
Lavelle Business Consultancy Ltd Unaudited accounts Contents
Page
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Lavelle Business Consultancy Ltd Company Information for the year ended 31 March 2024
Director
Peter Thomas Lavelle
Secretary
Margaret Lavelle
Company Number
SC496887 (Scotland)
Registered Office
1 Woodlands Gate Thornliebank Glasgow G46 7SS United Kingdom
Accountants
Lavelle Business Consultancy Ltd 1 Woodlands Gate Thornliebank Glasgow G46 7SS
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Lavelle Business Consultancy Ltd for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lavelle Business Consultancy Ltd for the year ended 31 March 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
This report is made solely to the Board of Directors of Lavelle Business Consultancy Ltd, as a body, in accordance with the terms of our engagement letter dated 1 April 2015. Our work has been undertaken solely to prepare for your approval the accounts of Lavelle Business Consultancy Ltd and state those matters that we have agreed to state to the Board of Directors of Lavelle Business Consultancy Ltd, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lavelle Business Consultancy Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Lavelle Business Consultancy Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Lavelle Business Consultancy Ltd. You consider that Lavelle Business Consultancy Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Lavelle Business Consultancy Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Lavelle Business Consultancy Ltd Chartered Accountants 1 Woodlands Gate Thornliebank Glasgow G46 7SS 6 October 2024
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Lavelle Business Consultancy Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,399 
1,646 
Current assets
Debtors
2,367 
2,912 
Cash at bank and in hand
28,724 
25,469 
31,091 
28,381 
Creditors: amounts falling due within one year
(29,466)
(29,683)
Net current assets/(liabilities)
1,625 
(1,302)
Net assets
3,024 
344 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,924 
244 
Shareholders' funds
3,024 
344 
For the year ending 31 March 2024 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 his 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 6 October 2024 and were signed on its behalf by
Peter Thomas Lavelle Director Company Registration No. SC496887
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Lavelle Business Consultancy Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Lavelle Business Consultancy Ltd is a private company, limited by shares, registered in Scotland, registration number SC496887. The registered office is 1 Woodlands Gate, Thornliebank, Glasgow, G46 7SS, United Kingdom.
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.
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
15% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
3,859 
At 31 March 2024
3,859 
Depreciation
At 1 April 2023
2,213 
Charge for the year
247 
At 31 March 2024
2,460 
Net book value
At 31 March 2024
1,399 
At 31 March 2023
1,646 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,350 
2,895 
Other debtors
17 
17 
2,367 
2,912 
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Lavelle Business Consultancy Ltd Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,626 
2,096 
Loans from directors
25,840 
27,587 
29,466 
29,683 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary A shares of £1 each
50 
50 
50 Ordinary B shares of £1 each
50 
50 
100 
100 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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