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Registered number: 08427495
LFB Business Consulting Ltd.
Unaudited Financial Statements
For The Year Ended 31 March 2025
Garrett Adam Accountants Limited
ACCA
3 Johnsons Barns
Waterworks Road
Petersfield
Hampshire
GU32 2BY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08427495
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,453 12,997
Investments 5 38,217 38,217
43,670 51,214
CURRENT ASSETS
Debtors 6 - 358
Cash at bank and in hand 60,050 26,087
60,050 26,445
Creditors: Amounts Falling Due Within One Year 7 (50,666 ) (26,240 )
NET CURRENT ASSETS (LIABILITIES) 9,384 205
TOTAL ASSETS LESS CURRENT LIABILITIES 53,054 51,419
Creditors: Amounts Falling Due After More Than One Year 8 (22,497 ) (26,859 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,036 ) (185 )
NET ASSETS 29,521 24,375
CAPITAL AND RESERVES
Called up share capital 10 3 3
Profit and Loss Account 29,518 24,372
SHAREHOLDERS' FUNDS 29,521 24,375
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr B Hesler
Director
04/11/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
LFB Business Consulting Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 08427495 . The registered office is 3 Johnsons Barns, Waterworks Road, Petersfield, GU32 2BY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Straight line
Fixtures & Fittings 15% Reducing balance
Computer Equipment 30% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 1)
2 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 41,058 463 8,645 50,166
Additions - - 3,641 3,641
As at 31 March 2025 41,058 463 12,286 53,807
Depreciation
As at 1 April 2024 29,743 328 7,098 37,169
Provided during the period 10,264 20 901 11,185
As at 31 March 2025 40,007 348 7,999 48,354
Net Book Value
As at 31 March 2025 1,051 115 4,287 5,453
As at 1 April 2024 11,315 135 1,547 12,997
5. Investments
Unlisted
£
Cost or Valuation
As at 1 April 2024 38,217
As at 31 March 2025 38,217
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 38,217
As at 1 April 2024 38,217
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income - 177
Other taxes and social security - 181
- 358
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 362 3,913
Bank loans and overdrafts 4,000 4,000
Corporation tax 2,684 -
Other taxes and social security 664 -
VAT 9,839 1,530
Net wages 113 113
Other creditors 12,654 11,730
Accruals and deferred income 17,786 3,601
Director's loan account 2,564 1,353
50,666 26,240
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 21,830 22,192
Bank loans 667 4,667
22,497 26,859
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 362 3,913
Later than one year and not later than five years 21,830 22,192
22,192 26,105
22,192 26,105
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 3 3
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