IRIS Accounts Production v25.1.0.734 SC510315 director 1.1.24 31.12.24 31.12.24 false true false false true false A Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5103152023-12-31SC5103152024-12-31SC5103152024-01-012024-12-31SC5103152022-12-31SC5103152023-01-012023-12-31SC5103152023-12-31SC510315ns15:Scotland2024-01-012024-12-31SC510315ns14:PoundSterling2024-01-012024-12-31SC510315ns10:Director12024-01-012024-12-31SC510315ns10:PrivateLimitedCompanyLtd2024-01-012024-12-31SC510315ns10:SmallEntities2024-01-012024-12-31SC510315ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-31SC510315ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-31SC510315ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-31SC510315ns10:FullAccounts2024-01-012024-12-31SC510315ns10:OrdinaryShareClass12024-01-012024-12-31SC510315ns10:OrdinaryShareClass22024-01-012024-12-31SC510315ns10:RegisteredOffice2024-01-012024-12-31SC510315ns5:CurrentFinancialInstruments2024-12-31SC510315ns5:CurrentFinancialInstruments2023-12-31SC510315ns5:Non-currentFinancialInstruments2024-12-31SC510315ns5:Non-currentFinancialInstruments2023-12-31SC510315ns5:ShareCapital2024-12-31SC510315ns5:ShareCapital2023-12-31SC510315ns5:SharePremium2024-12-31SC510315ns5:SharePremium2023-12-31SC510315ns5:RetainedEarningsAccumulatedLosses2024-12-31SC510315ns5:RetainedEarningsAccumulatedLosses2023-12-31SC510315ns5:FurnitureFittings2024-01-012024-12-31SC510315ns5:ComputerEquipment2024-01-012024-12-31SC510315ns5:FurnitureFittings2023-12-31SC510315ns5:ComputerEquipment2023-12-31SC510315ns5:FurnitureFittings2024-12-31SC510315ns5:ComputerEquipment2024-12-31SC510315ns5:FurnitureFittings2023-12-31SC510315ns5:ComputerEquipment2023-12-31SC510315ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-31SC510315ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31SC510315ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-12-31SC510315ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-12-31SC510315ns5:DeferredTaxation2023-12-31SC510315ns5:DeferredTaxation2024-01-012024-12-31SC510315ns5:DeferredTaxation2024-12-31SC510315ns10:OrdinaryShareClass12024-12-31SC510315ns10:OrdinaryShareClass22024-12-31
REGISTERED NUMBER: SC510315 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

L & R International (Consultancy) Ltd

L & R International (Consultancy) Ltd (Registered number: SC510315)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L & R International (Consultancy) Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr Adam Young





REGISTERED OFFICE: 25 Sandyford Place
Glasgow
G3 7NG





REGISTERED NUMBER: SC510315 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

L & R International (Consultancy) Ltd (Registered number: SC510315)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 6,402 8,537

CURRENT ASSETS
Stock 39,300 76,250
Debtors 5 987,319 787,074
Cash at bank 523,049 673,891
1,549,668 1,537,215
CREDITORS
Amounts falling due within one year 6 1,508,495 1,504,634
NET CURRENT ASSETS 41,173 32,581
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,575

41,118

CREDITORS
Amounts falling due after more than one
year

7

(6,447

)

(16,816

)

PROVISIONS FOR LIABILITIES 8 (1,600 ) (1,622 )
NET ASSETS 39,528 22,680

CAPITAL AND RESERVES
Called up share capital 9 102 102
Share premium 998 998
Retained earnings 38,428 21,580
SHAREHOLDERS' FUNDS 39,528 22,680

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

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

The director acknowledges his 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.

L & R International (Consultancy) Ltd (Registered number: SC510315)

Balance Sheet - continued
31 December 2024


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 30 April 2025 and were signed by:





Mr Adam Young - Director


L & R International (Consultancy) Ltd (Registered number: SC510315)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

L & R International (Consultancy) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fittings and equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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.


L & R International (Consultancy) Ltd (Registered number: SC510315)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 18 ) .

L & R International (Consultancy) Ltd (Registered number: SC510315)

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

4. TANGIBLE FIXED ASSETS
Fittings
and Computer
equipment equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 7,697 9,778 17,475
DEPRECIATION
At 1 January 2024 3,697 5,241 8,938
Charge for year 1,000 1,135 2,135
At 31 December 2024 4,697 6,376 11,073
NET BOOK VALUE
At 31 December 2024 3,000 3,402 6,402
At 31 December 2023 4,000 4,537 8,537

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 279,277 187,251
Other debtors 698,996 599,823
978,273 787,074

Amounts falling due after more than one year:
Other debtors 9,046 -

Aggregate amounts 987,319 787,074

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,333 8,333
Trade creditors 1,432,096 1,419,726
Taxation and social security 61,908 65,288
Other creditors 6,158 11,287
1,508,495 1,504,634

L & R International (Consultancy) Ltd (Registered number: SC510315)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 6,447 16,816

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,600 1,622

Deferred
tax
£   
Balance at 1 January 2024 1,622
Provided during year (22 )
Balance at 31 December 2024 1,600

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 A Ordinary £1 100 100
2 B Ordinary £1 2 2
102 102

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Adam Young.