Company Registration No. 10941361 (England and Wales)
LW3 Consulting Services Limited
Unaudited accounts
for the year ended 31 August 2024
LW3 Consulting Services Limited
Unaudited accounts
Contents
LW3 Consulting Services Limited
Company Information
for the year ended 31 August 2024
Company Number
10941361 (England and Wales)
Registered Office
The Barn
Lower Dale Farm
Dale Road
Stockport
SK6 6NL
Accountants
Joy Noakes
3 Crummock Close
Little Lever
Bolton
Lancs
BL3 1UG
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
LW3 Consulting Services Limited
for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of LW3 Consulting Services Limited for the year ended 31 August 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of LW3 Consulting Services Limited, as a body, in accordance with the terms of our engagement letter dated 1 September 2017. Our work has been undertaken solely to prepare for your approval the accounts of LW3 Consulting Services Limited and state those matters that we have agreed to state to the Board of Directors of LW3 Consulting Services Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LW3 Consulting Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LW3 Consulting Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of LW3 Consulting Services Limited. You consider that LW3 Consulting Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of LW3 Consulting Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Joy Noakes
Member in Practice
3 Crummock Close
Little Lever
Bolton
Lancs
BL3 1UG
4 December 2024
LW3 Consulting Services Limited
Statement of financial position
as at 31 August 2024
Tangible assets
5,863
8,255
Cash at bank and in hand
6,907
53,188
Creditors: amounts falling due within one year
2,008
(18,744)
Net current assets
11,062
37,819
Total assets less current liabilities
16,925
46,074
Provisions for liabilities
Deferred tax
(1,115)
(1,603)
Called up share capital
50
50
Profit and loss account
15,760
44,421
Shareholders' funds
15,810
44,471
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 director acknowledges his 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 22 January 2025 and were signed on its behalf by
Mark Lawrence
Director
Company Registration No. 10941361
LW3 Consulting Services Limited
Notes to the Accounts
for the year ended 31 August 2024
LW3 Consulting Services Limited is a private company, limited by shares, registered in England and Wales, registration number 10941361. The registered office is The Barn, Lower Dale Farm, Dale Road, Stockport, SK6 6NL.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
5 Year Straight Line
Computer equipment
5 Year Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortised at 5 Years straight line
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.
LW3 Consulting Services Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Intangible fixed assets
Other
Website Build
Amortisation 5 Year Straight Line
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
5,256
13,854
19,110
At 31 August 2024
5,930
14,104
20,034
At 1 September 2023
3,607
7,248
10,855
Charge for the year
1,020
2,296
3,316
At 31 August 2024
4,627
9,544
14,171
At 31 August 2024
1,303
4,560
5,863
At 31 August 2023
1,649
6,606
8,255
Amounts falling due within one year
Accrued income and prepayments
266
266
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
(6,434)
12,086
Loans from directors
3,815
-
LW3 Consulting Services Limited
Notes to the Accounts
for the year ended 31 August 2024
The company operates an auto enrolment Pension with Nest.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).