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REGISTERED NUMBER: SC457076 (Scotland)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

LN CONSULTANCY LIMITED

LN CONSULTANCY LIMITED (REGISTERED NUMBER: SC457076)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LN CONSULTANCY LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTORS: K B Chundru
Mrs V S S D Merla
S Chundru





REGISTERED OFFICE: 272 Bath Street
Glasgow
Lanarkshire
G2 4JR





REGISTERED NUMBER: SC457076 (Scotland)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

LN CONSULTANCY LIMITED (REGISTERED NUMBER: SC457076)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,635 3,119

CURRENT ASSETS
Debtors 5 255,243 304,298
Cash at bank 28,079 21,276
283,322 325,574
CREDITORS
Amounts falling due within one year 6 36,409 54,517
NET CURRENT ASSETS 246,913 271,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

251,548

274,176

CREDITORS
Amounts falling due after more than one
year

7

-

(11,918

)

PROVISIONS FOR LIABILITIES (881 ) (593 )
NET ASSETS 250,667 261,665

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 250,567 261,565
SHAREHOLDERS' FUNDS 250,667 261,665

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

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

The directors acknowledge their 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.

LN CONSULTANCY LIMITED (REGISTERED NUMBER: SC457076)

BALANCE SHEET - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





K B Chundru - Director


LN CONSULTANCY LIMITED (REGISTERED NUMBER: SC457076)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

LN Consultancy Limited 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.

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.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Pension costs and other post-retirement benefits
The company does not currently operate a defined contribution company scheme. Pension contributions are made into a personal scheme nominated by the director.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

LN CONSULTANCY LIMITED (REGISTERED NUMBER: SC457076)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 15,548
Additions 5,147
Disposals (11,221 )
At 31 August 2024 9,474
DEPRECIATION
At 1 September 2023 12,429
Charge for year 3,005
Eliminated on disposal (10,595 )
At 31 August 2024 4,839
NET BOOK VALUE
At 31 August 2024 4,635
At 31 August 2023 3,119

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 13,930 17,380
Other debtors 21,313 36,918
35,243 54,298

Amounts falling due after more than one year:
Other debtors 220,000 250,000

Aggregate amounts 255,243 304,298

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 8,109
Trade creditors 180 -
Taxation and social security 33,086 44,313
Other creditors 3,143 2,095
36,409 54,517

LN CONSULTANCY LIMITED (REGISTERED NUMBER: SC457076)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 11,918

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
K B Chundru and Mrs V S S D Merla
Balance outstanding at start of year 36,918 3,067
Amounts advanced 41,624 64,164
Amounts repaid (61,230 ) (30,313 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,312 36,918

The loan was subsequently repaid.

9. RELATED PARTY DISCLOSURES

Mr K B Chundru and Mrs V S S D Merla are directors of SK Agile Solutions Limited.

During the year the company loaned £45,000 (2023: £50,000) to SK Agile Solutions Limited and received £75,000 (2023: £50,000) in repayments. At 31 August 2023 other debtors included £220,000 (2023: £250,000) being owed to the company by SK Agile Solutions Limited. The loans are interest free and have no fixed date for repayment.

10. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.