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Registration number: 13955955

L Squared Consulting Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

L Squared Consulting Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

L Squared Consulting Limited

Company Information

Directors

L N Crocker

L Jansen Van Rensburg

Registered office

Flat 2
16 High Beech
Lowestoft
Suffolk
NR32 2RY

Accountants

Burton Sweet Limited
Morston Court
Spencer House
Aisecome Way
Weston-super-Mare
Somerset
BS22 8NG

 

L Squared Consulting Limited

(Registration number: 13955955)
Balance Sheet
31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

-

663

Current assets

 

Debtors

5

9,900

10,500

Cash at bank and in hand

 

31,520

27,752

 

41,420

38,252

Creditors: Amounts falling due within one year

6

(22,487)

(20,141)

Net current assets

 

18,933

18,111

Net assets

 

18,933

18,774

Capital and reserves

 

Called up share capital

100

100

Retained earnings

18,833

18,674

Shareholders' funds

 

18,933

18,774

 

L Squared Consulting Limited

(Registration number: 13955955)
Balance Sheet
31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 June 2025 and signed on its behalf by:
 

.........................................
L N Crocker
Director

 

L Squared Consulting Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Flat 2
16 High Beech
Lowestoft
Suffolk
NR32 2RY

These financial statements were authorised for issue by the Board on 25 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

L Squared Consulting Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% Straight line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

L Squared Consulting Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

4

Tangible assets

Office equipment
£

Cost or valuation

At 1 April 2024

1,949

At 31 March 2025

1,949

Depreciation

At 1 April 2024

1,286

Charge for the year

663

At 31 March 2025

1,949

Carrying amount

At 31 March 2025

-

At 31 March 2024

663

5

Debtors

2025
£

2024
£

Trade debtors

9,900

10,500

9,900

10,500

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

20,036

17,261

Other creditors

2,451

2,880

22,487

20,141