Laurel IT Consulting Limited 11388836 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is IT consultancy Digita Accounts Production Advanced 6.30.9574.0 true true 11388836 2023-06-01 2024-05-31 11388836 2024-05-31 11388836 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-05-31 11388836 core:CurrentFinancialInstruments 2024-05-31 11388836 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 11388836 core:Non-currentFinancialInstruments 2024-05-31 11388836 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 11388836 bus:SmallEntities 2023-06-01 2024-05-31 11388836 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 11388836 bus:FilletedAccounts 2023-06-01 2024-05-31 11388836 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11388836 bus:RegisteredOffice 2023-06-01 2024-05-31 11388836 bus:Director1 2023-06-01 2024-05-31 11388836 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-06-01 2024-05-31 11388836 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11388836 countries:England 2023-06-01 2024-05-31 11388836 2022-06-01 2023-05-31 11388836 2023-05-31 11388836 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-05-31 11388836 core:CurrentFinancialInstruments 2023-05-31 11388836 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 11388836 core:Non-currentFinancialInstruments 2023-05-31 11388836 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11388836

Laurel IT Consulting Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Laurel IT Consulting Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Laurel IT Consulting Limited

Company Information

Director

Mr Arun Charles

Registered office

32 Hivings Park
Chesham
HP5 2LF

Accountants

Clever Accounts Limited
Brookfield Court
Selby Road
Leeds
LS25 1NB

 

Laurel IT Consulting Limited

(Registration number: 11388836)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Current assets

 

Debtors

298

-

Cash at bank and in hand

 

241

121

 

539

121

Creditors: Amounts falling due within one year

(4,716)

(2,196)

Total assets less current liabilities

 

(4,177)

(2,075)

Creditors: Amounts falling due after more than one year

(10,000)

(10,000)

Net liabilities

 

(14,177)

(12,075)

Capital and reserves

 

Called up share capital

4

100

100

Retained earnings

(14,277)

(12,175)

Shareholders' deficit

 

(14,177)

(12,075)

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 February 2025
 

.........................................

Mr Arun Charles
Director

 

Laurel IT Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
32 Hivings Park
Chesham
HP5 2LF

These financial statements were authorised for issue by the director on 18 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Laurel IT Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

       

5

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000