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REGISTERED NUMBER: 13510619 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2024

for

L Holt Consulting Limited

L Holt Consulting Limited (Registered number: 13510619)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


L Holt Consulting Limited (Registered number: 13510619)

Balance Sheet
31st July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 282 424

CURRENT ASSETS
Cash at bank 57,905 47,347

CREDITORS
Amounts falling due within one year 5 50,597 24,113
NET CURRENT ASSETS 7,308 23,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,590

23,658

PROVISIONS FOR LIABILITIES 54 80
NET ASSETS 7,536 23,578

CAPITAL AND RESERVES
Called up share capital 6 101 101
Retained earnings 7,435 23,477
SHAREHOLDERS' FUNDS 7,536 23,578

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th January 2025 and were signed by:





Mrs L A Holt - Director


L Holt Consulting Limited (Registered number: 13510619)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. COMPANY INFORMATION

L Holt Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13510619

Registered office: The Lexicon
10-12 Mount Street
Manchester
United Kingdom
M2 5NT

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

L Holt Consulting Limited (Registered number: 13510619)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful life.

Computers - 25% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st August 2023
and 31st July 2024 565
DEPRECIATION
At 1st August 2023 141
Charge for year 142
At 31st July 2024 283
NET BOOK VALUE
At 31st July 2024 282
At 31st July 2023 424

L Holt Consulting Limited (Registered number: 13510619)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 143 50
Tax 10,247 22,795
Social security and other taxes 20 -
VAT 13,696 -
Directors' current accounts 25,241 18
Accrued expenses 1,250 1,250
50,597 24,113

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary A 1 100 100
1 Ordinary B 1 1 1
101 101

Each A and B Share are entitled to one Vote. Each share class is entitled to dividends and capital distributions.

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2024 and 31st July 2023:

31.7.24 31.7.23
£    £   
Mrs L A Holt
Balance outstanding at start of year (18 ) 6,845
Amounts advanced 46,462 130,322
Amounts repaid (71,685 ) (137,185 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (25,241 ) (18 )

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £58,500 (2023 - £116,599) were paid to the director .

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs L A Holt.