Company Registration No. SC365810 (Scotland)
Lothian Publications Limited
Unaudited accounts
for the year ended 31 March 2024
Lothian Publications Limited
Unaudited accounts
Contents
Lothian Publications Limited
Company Information
for the year ended 31 March 2024
Director
Helen-Jane Gisbourne
Company Number
SC365810 (Scotland)
Registered Office
Geddes House
Kirkton North Road
Livingston
West Lothian
EH54 6GU
Scotland
Accountants
Armet Accounting Ltd
Room 31
Haypark Business Centre
Polmont
FK2 0NZ
Lothian Publications Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
36,491
41,226
Creditors: amounts falling due within one year
(45,043)
(40,864)
Net current (liabilities)/assets
(493)
13,392
Total assets less current liabilities
1,528
13,540
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
1,143
13,511
Shareholders' funds
1,144
13,512
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 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 25 November 2024 and were signed on its behalf by
Helen-Jane Gisbourne
Director
Company Registration No. SC365810
Lothian Publications Limited
Notes to the Accounts
for the year ended 31 March 2024
Lothian Publications Limited is a private company, limited by shares, registered in Scotland, registration number SC365810. The registered office is Geddes House, Kirkton North Road, Livingston, West Lothian, EH54 6GU, Scotland.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The end of the previous reporting period was changed from 30 September 2018 to 31 March 2019. The comparative amounts presented in the financial statements (including the related notes) are not entirely comparable due to the differing lengths of reporting periods.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Lothian Publications Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
7,280
12,721
Accrued income and prepayments
779
309
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
8,636
18,180
Taxes and social security
7,342
6,720
Loans from directors
8,473
347
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Transactions with related parties
Dividends of £43,900 (2023: £32,000) were paid during the period.
Lothian Publications Limited
Notes to the Accounts
for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).