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REGISTERED NUMBER: SC194649 (Scotland)












Financial Statements

for the Year Ended 31 March 2024

for

Louise Harley Public Relations Limited

Louise Harley Public Relations Limited (Registered number: SC194649)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Louise Harley Public Relations Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs L Harley





SECRETARY: M Harley





REGISTERED OFFICE: 11 Stewart Drive
Clarkston
Glasgow
G76 7EY





REGISTERED NUMBER: SC194649 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Louise Harley Public Relations Limited (Registered number: SC194649)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 3 6,226 9,203

CURRENT ASSETS
Inventories 6,224 5,408
Debtors 4 15,773 2,188
Cash at bank and in hand 41,910 65,547
63,907 73,143
CREDITORS
Amounts falling due within one year 5 2,749 3,334
NET CURRENT ASSETS 61,158 69,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,384

79,012

PROVISIONS FOR LIABILITIES 947 846
NET ASSETS 66,437 78,166

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 66,435 78,164
SHAREHOLDERS' FUNDS 66,437 78,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Louise Harley Public Relations Limited (Registered number: SC194649)

Balance Sheet - continued
31 March 2024


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 has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2024 and were signed by:





Mrs L Harley - Director


Louise Harley Public Relations Limited (Registered number: SC194649)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

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

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Turnover is measured at the fair value of the consideration received or receivable, net value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer and equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Inventories
Work in progress is valued at the lower of cost and net realisable value.

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 or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Louise Harley Public Relations Limited (Registered number: SC194649)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

3. PROPERTY, PLANT AND EQUIPMENT
Computer Fixtures
and and
equipment fittings Totals
£    £    £   
COST
At 1 April 2023 21,945 3,188 25,133
Additions 618 - 618
Disposals (6,746 ) - (6,746 )
At 31 March 2024 15,817 3,188 19,005
DEPRECIATION
At 1 April 2023 13,333 2,597 15,930
Charge for year 1,927 147 2,074
Eliminated on disposal (5,225 ) - (5,225 )
At 31 March 2024 10,035 2,744 12,779
NET BOOK VALUE
At 31 March 2024 5,782 444 6,226
At 31 March 2023 8,612 591 9,203

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,298 -
Other debtors 2,475 2,188
15,773 2,188

Louise Harley Public Relations Limited (Registered number: SC194649)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 848 2,434
Other creditors 1,901 900
2,749 3,334

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2