L Webster Consultancy Limited SC398668 false 2023-06-01 2024-08-31 2024-08-31 The principal activity of the company is property investment. The company ceased to trade 31 August 2024. Digita Accounts Production Advanced 6.30.9574.0 true SC398668 2023-06-01 2024-08-31 SC398668 2024-08-31 SC398668 core:OtherReservesSubtotal 2024-08-31 SC398668 core:RetainedEarningsAccumulatedLosses 2024-08-31 SC398668 core:ShareCapital 2024-08-31 SC398668 core:CurrentFinancialInstruments 2024-08-31 SC398668 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 SC398668 core:FurnitureFittingsToolsEquipment 2024-08-31 SC398668 bus:SmallEntities 2023-06-01 2024-08-31 SC398668 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-08-31 SC398668 bus:FilletedAccounts 2023-06-01 2024-08-31 SC398668 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-08-31 SC398668 bus:RegisteredOffice 2023-06-01 2024-08-31 SC398668 bus:Director1 2023-06-01 2024-08-31 SC398668 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-08-31 SC398668 core:FurnitureFittings 2023-06-01 2024-08-31 SC398668 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-08-31 SC398668 core:OfficeEquipment 2023-06-01 2024-08-31 SC398668 countries:Scotland 2023-06-01 2024-08-31 SC398668 2023-05-31 SC398668 core:FurnitureFittingsToolsEquipment 2023-05-31 SC398668 2022-06-01 2023-05-31 SC398668 2023-05-31 SC398668 core:OtherReservesSubtotal 2023-05-31 SC398668 core:RetainedEarningsAccumulatedLosses 2023-05-31 SC398668 core:ShareCapital 2023-05-31 SC398668 core:CurrentFinancialInstruments 2023-05-31 SC398668 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 SC398668 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-05-31 SC398668 core:PreviouslyStatedAmount 2023-05-31 iso4217:GBP xbrli:pure

Registration number: SC398668

L Webster Consultancy Limited

Unaudited Filleted Financial Statements

for the Period from 1 June 2023 to 31 August 2024

 

L Webster Consultancy Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

L Webster Consultancy Limited

(Registration number: SC398668)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

5

-

125,000

Current assets

 

Debtors

6

-

1

Cash at bank and in hand

 

22,030

4,760

 

22,030

4,761

Creditors: Amounts falling due within one year

7

(6,882)

(2,165)

Net current assets

 

15,148

2,596

Net assets

 

15,148

127,596

Capital and reserves

 

Called up share capital

2

2

Other reserves

-

29,975

Retained earnings

15,146

97,619

Shareholders' funds

 

15,148

127,596

For the financial period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 September 2024
 

.........................................
L Webster
Director

 

L Webster Consultancy Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
10 Gardiner Road
Edinburgh
EH4 3RR

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33.3% straight line

Equipment and fixtures

20% straight line

 

L Webster Consultancy Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 31 August 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

 

L Webster Consultancy Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 31 August 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

5,269

5,269

Additions

1,099

1,099

Disposals

(1,099)

(1,099)

At 31 August 2024

5,269

5,269

Depreciation

At 1 June 2023

5,269

5,269

At 31 August 2024

5,269

5,269

Carrying amount

At 31 August 2024

-

-

5

Investment properties

2024
£

At 1 June

125,000

Disposals

(125,000)

At 31 August

-

Fair value was derived from current market prices for comparable real estate.

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2024
£

2023
£

Other debtors

-

1

 

-

1

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Directors loan

141

529

Taxation and social security

 

-

436

Other creditors

 

6,741

1,200

 

6,882

2,165