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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
Page
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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
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Lane Financial Management Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,487 
30,485 
Current assets
Debtors
48,189 
103,400 
Cash at bank and in hand
164,559 
147,666 
212,748 
251,066 
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 
Capital and reserves
Called up share capital
160 
160 
Share premium
9,900 
9,900 
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
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Lane Financial Management Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
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:
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 
Additions
- 
- 
1,758 
1,758 
At 31 August 2024
21,280 
39,490 
10,266 
71,036 
Depreciation
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 
Net book value
At 31 August 2024
18,915 
- 
5,572 
24,487 
At 31 August 2023
21,280 
2,824 
6,381 
30,485 
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Lane Financial Management Limited Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
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 
109,640 
135,876 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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