Company Registration No. SC399059 (Scotland)
Lithe It Ltd
Unaudited accounts
for the year ended 31 December 2024
Lithe It Ltd
Unaudited accounts
Contents
Lithe It Ltd
Company Information
for the year ended 31 December 2024
Directors
Anthony Gerard Murphy
Derek Crawford
Brendan McNabb
Dermot McCauley
Company Number
SC399059 (Scotland)
Registered Office
1st Floor 9 George Square
Glasgow
G2 1DY
Scotland
Accountants
Clarity Accounting (Scotland) Ltd
234 West George Street
Glasgow
G2 4QY
Lithe It Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
17,983
17,173
Cash at bank and in hand
783,647
789,390
Creditors: amounts falling due within one year
(1,710,262)
(1,221,364)
Net current assets
363,469
451,813
Total assets less current liabilities
381,452
468,986
Provisions for liabilities
Deferred tax
(3,417)
(3,263)
Net assets
378,035
465,723
Called up share capital
316
316
Profit and loss account
377,719
465,407
Shareholders' funds
378,035
465,723
For the year ending 31 December 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 7 July 2025 and were signed on its behalf by
Anthony Gerard Murphy
Director
Company Registration No. SC399059
Lithe It Ltd
Notes to the Accounts
for the year ended 31 December 2024
Lithe It Ltd is a private company, limited by shares, registered in Scotland, registration number SC399059. The registered office is 1st Floor 9 George Square, Glasgow, G2 1DY, Scotland.
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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.
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:
Fixtures & fittings
15% on reducing balance
Computer equipment
33% on cost
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Tangible fixed assets
Total
At 31 December 2024
103,991
At 31 December 2024
86,008
At 31 December 2024
17,983
At 31 December 2023
17,173
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Average number of employees
During the year the average number of employees was 40 (2023: 38).