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
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
Largo Consultancy Limited
Statement of financial position
as at 31 March 2024
Tangible assets
41,981
47,039
Cash at bank and in hand
42,220
121,387
Creditors: amounts falling due within one year
(172,490)
(205,159)
Net current assets
250,180
263,963
Net assets
292,161
311,002
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
Largo Consultancy Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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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 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
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.
Largo Consultancy Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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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
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
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
Amounts falling due within one year
Other debtors
380,450
347,735
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Creditors: amounts falling due within one year
2024
2023
Taxes and social security
162,838
130,058
Loans from directors
2,544
70,400
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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.
Largo Consultancy Limited
Notes to the Accounts
for the year ended 31 March 2024
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Average number of employees
During the year the average number of employees was 1 (2023: 1).