Registered number
03956160
Lund Consulting Limited
Filleted Accounts
31 March 2025
Lund Consulting Limited
Registered number: 03956160
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 - 19,203
Tangible assets 4 2,668 3,295
2,668 22,498
Current assets
Stocks 800 300
Debtors 5 2,932 5,029
Cash at bank and in hand 13,058 11,308
16,790 16,637
Creditors: amounts falling due within one year 6 (21,027) (21,305)
Net current liabilities (4,237) (4,668)
Total assets less current liabilities (1,569) 17,830
Creditors: amounts falling due after more than one year 7 (19,203) (19,203)
Provisions for liabilities (485) (513)
Net liabilities (21,257) (1,886)
Capital and reserves
Called up share capital 121 121
Profit and loss account (21,378) (2,007)
Shareholder's funds (21,257) (1,886)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D J Lund
Director
Approved by the board on 23 April 2025
Lund Consulting Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computers 25.0% straight line
Fixtures & Fittings 15.0% straight line
Office Equipment 10.0% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences that are of a material value between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 37,770
At 31 March 2025 37,770
Amortisation
At 1 April 2024 18,567
Provided during the year 19,203
At 31 March 2025 37,770
Net book value
At 31 March 2025 -
At 31 March 2024 19,203
Post balance sheet decisions mean that the goodwill acquired by the company will no longer be a marketable commodity and consequently it has been fully written off in the year.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 5,906
At 31 March 2025 5,906
Depreciation
At 1 April 2024 2,611
Charge for the year 627
At 31 March 2025 3,238
Net book value
At 31 March 2025 2,668
At 31 March 2024 3,295
5 Debtors 2025 2024
£ £
Trade debtors 2,030 3,614
Other debtors 902 1,415
2,932 5,029
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 107 555
Other taxes and social security costs 2,161 2,416
Other creditors 18,759 18,334
21,027 21,305
7 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors 19,203 19,203
8 Controlling party
The company is wholly controlled by D J Lund.
9 Other information
Lund Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 1
Clawthorpe Hall Business Centre
Burton in Kendal
LA6 1NU
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