Company Registration No. 04252588 (England and Wales)
Lane Financial Management Limited
Unaudited accounts
for the year ended 31 August 2024
Lane Financial Management Limited
Unaudited accounts
Contents
Lane Financial Management Limited
Company Information
for the year ended 31 August 2024
Directors
Carl Rivers
Shelley Rivers
James Rivers
Company Number
04252588 (England and Wales)
Registered Office
Denmark House, 143 High St,,Chalfont St
Gerrards Cross
Buckinghamshire
SL9 9QL
United Kingdom
Accountants
Lane Accounting Limited
Denmark House, 143 High St,
Chalfont St Peter,
Gerrards Cross
Buckinghamshire
SL9 9QL
Lane Financial Management Limited
Statement of financial position
as at 31 August 2024
Tangible assets
24,487
30,485
Cash at bank and in hand
164,559
147,666
Creditors: amounts falling due within one year
(109,640)
(135,876)
Net current assets
103,108
115,190
Total assets less current liabilities
127,595
145,675
Provisions for liabilities
Deferred tax
(5,792)
(5,792)
Net assets
121,803
139,883
Called up share capital
160
160
Capital contribution reserve
80,135
80,135
Profit and loss account
31,608
49,688
Shareholders' funds
121,803
139,883
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by
Carl Rivers
Director
Company Registration No. 04252588
Lane Financial Management Limited
Notes to the Accounts
for the year ended 31 August 2024
Lane Financial Management Limited is a private company, limited by shares, registered in England and Wales, registration number 04252588. The registered office is Denmark House, 143 High St,,Chalfont St, Gerrards Cross, Buckinghamshire, SL9 9QL, 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.
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.
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:
Land & buildings
10% per annum of cost
Fixtures & fittings
25% per annum of cost
Computer equipment
25%per annum of cost
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
21,280
39,490
8,508
69,278
At 31 August 2024
21,280
39,490
10,266
71,036
At 1 September 2023
-
36,666
2,127
38,793
Charge for the year
2,365
2,824
2,567
7,756
At 31 August 2024
2,365
39,490
4,694
46,549
At 31 August 2024
18,915
-
5,572
24,487
At 31 August 2023
21,280
2,824
6,381
30,485
Lane Financial Management Limited
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Other debtors
48,189
103,400
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
26,500
53,000
Taxes and social security
83,140
82,876
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).