1 April 2023 false No description of principal activity Taxfiler 2024.6 10642199business:PrivateLimitedCompanyLtd2023-04-012024-03-31 106421992023-03-31 106421992023-04-012024-03-31 10642199business:AuditExemptWithAccountantsReport2023-04-012024-03-31 10642199business:FilletedAccounts2023-04-012024-03-31 106421992024-03-31 10642199business:Director12023-04-012024-03-31 10642199business:Director22023-04-012024-03-31 10642199business:RegisteredOffice2023-04-012024-03-31 106421992023-03-31 10642199core:WithinOneYear2024-03-31 10642199core:WithinOneYear2023-03-31 10642199core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 10642199core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 10642199core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 10642199core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 10642199core:PreviouslyStatedAmount2024-03-31 10642199core:PreviouslyStatedAmount2023-03-31 10642199business:SmallEntities2023-04-012024-03-31 10642199countries:EnglandWales2023-04-012024-03-31 10642199core:LandBuildings2023-04-012024-03-31 10642199core:PlantMachinery2023-04-012024-03-31 10642199core:MotorVehicles2023-04-012024-03-31 10642199core:FurnitureFittings2023-04-012024-03-31 10642199core:ComputerEquipment2023-04-012024-03-31 10642199core:PlantMachinery2023-03-31 10642199core:MotorVehicles2023-03-31 10642199core:FurnitureFittings2023-03-31 10642199core:ComputerEquipment2023-03-31 10642199core:PlantMachinery2024-03-31 10642199core:MotorVehicles2024-03-31 10642199core:FurnitureFittings2024-03-31 10642199core:ComputerEquipment2024-03-31 106421992022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10642199 (England and Wales)
Largo Consultancy Limited Unaudited accounts for the year ended 31 March 2024
Largo Consultancy Limited Unaudited accounts Contents
Page
- 2 -
Largo Consultancy Limited Company Information for the year ended 31 March 2024
Directors
Kim Clive Batcheler Emma Elizabeth Batcheler
Company Number
10642199 (England and Wales)
Registered Office
10 The Crossways Guildford Surrey GU2 7QQ England
Accountants
Mackenzie 10 The Crossways Guildford GU2 7QQ
- 3 -
Largo Consultancy Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
41,981 
47,039 
Current assets
Debtors
380,450 
347,735 
Cash at bank and in hand
42,220 
121,387 
422,670 
469,122 
Creditors: amounts falling due within one year
(172,490)
(205,159)
Net current assets
250,180 
263,963 
Net assets
292,161 
311,002 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
292,061 
310,902 
Shareholders' funds
292,161 
311,002 
For the year ending 31 March 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 19 March 2025 and were signed on its behalf by
Kim Clive Batcheler Director Company Registration No. 10642199
- 4 -
Largo Consultancy Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Largo Consultancy Limited is a private company, limited by shares, registered in England and Wales, registration number 10642199. The registered office is 10 The Crossways, Guildford, Surrey, GU2 7QQ, England.
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.
Revenue recognition
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and can be reliably measured. It is measured as the fair value of the consideration received or receivable, exluding discounts, rebates, value added tax and other taxes Rendering of services Turnover from the rendering of services is recognised in the period in which the services are provided in accordance with 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. Turnover is only recognised to the extent of recoverable costs when the outcome of a contract cannot be estimated reliably. Turnover represents the value of services supplied.
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
Not depreciated
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Straight Line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
- 5 -
Largo Consultancy Limited Notes to the Accounts for the year ended 31 March 2024
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using the tax rates that have been enacted or substantively enacted by the end of the reporting period. 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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
26,122 
37,400 
972 
6,865 
71,359 
At 31 March 2024
26,122 
37,400 
972 
6,865 
71,359 
Depreciation
At 1 April 2023
- 
19,618 
562 
4,140 
24,320 
Charge for the year
- 
2,667 
103 
2,288 
5,058 
At 31 March 2024
- 
22,285 
665 
6,428 
29,378 
Net book value
At 31 March 2024
26,122 
15,115 
307 
437 
41,981 
At 31 March 2023
26,122 
17,782 
410 
2,725 
47,039 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
380,450 
347,735 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
162,838 
130,058 
Loans from directors
2,544 
70,400 
Accruals
7,108 
4,701 
172,490 
205,159 
7
Transactions with related parties
Included in Other debtors are amounts owing by related parties of £249,625. This includes unsecured loan notes and accrued interest amounting to £223,105 and an associated company loan of £26,520 Included in creditors are amounts owing to directors of £70,000. During the year dividends of £450,000 were paid to the directors.
- 6 -
Largo Consultancy Limited Notes to the Accounts for the year ended 31 March 2024
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 7 -