Company Registration No. SC732267 (Scotland)
LN TITLES LIMITED
Unaudited accounts
for the year ended 31 May 2024
LN TITLES LIMITED
Unaudited accounts
Contents
LN TITLES LIMITED
Company Information
for the year ended 31 May 2024
Company Number
SC732267 (Scotland)
Registered Office
96 KENNETH STREET
INVERNESS
IV3 5QG
SCOTLAND
Accountants
Kerry Mackinnon
Signature Accounting Solutions Ltd
93 Suilven Way
Inverness
Highland
IV3 8PE
LN TITLES LIMITED
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
10,934
3,360
Creditors: amounts falling due within one year
(23,411)
(10,508)
Net current liabilities
(12,477)
(7,148)
Net liabilities
(12,030)
(6,255)
Profit and loss account
(12,030)
(6,255)
Shareholders' funds
(12,030)
(6,255)
For the year ending 31 May 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 29 December 2024 and were signed on its behalf by
Elizabeth Mackay
Director
Company Registration No. SC732267
LN TITLES LIMITED
Notes to the Accounts
for the year ended 31 May 2024
LN TITLES LIMITED is a private company, limited by shares, registered in Scotland, registration number SC732267. The registered office is 96 KENNETH STREET, INVERNESS, IV3 5QG, 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.
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:
Computer equipment
3 Year Straight Line
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
23,061
10,058
LN TITLES LIMITED
Notes to the Accounts
for the year ended 31 May 2024
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).