| |
|
2025 |
|
2024 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
1,113 |
|
|
1,484 |
| Current assets |
|
33,820 |
|
|
58,288 |
|
| Creditors: amount falling due within one year |
|
(20,080) |
|
|
(45,901) |
|
|
Net current assets
|
|
|
13,740
|
|
|
12,387
|
|
Total assets less current liabilities
|
|
|
14,853 |
|
|
13,871 |
|
Net assets
|
|
|
14,853 |
|
|
13,871 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
14,853 |
|
|
13,871 |
| |
NOTES TO THE ACCOUNTS
General Information
Local Narratives Ltd is a private company, limited by shares, registered in England and Wales, registration number 14134311, registration address International House, 64 Nile Street, London, N1 7SR.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of services supplied by the company
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures and Fittings |
25% Reducing Balance
|
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Total |
| |
£ |
|
£ |
| At 01 June 2024 |
1,979 |
|
1,979 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 May 2025 |
1,979 |
|
1,979 |
| Depreciation |
| At 01 June 2024 |
495 |
|
495 |
| Charge for year |
371 |
|
371 |
| On disposals |
- |
|
- |
| At 31 May 2025 |
866 |
|
866 |
| Net book values |
| Closing balance as at 31 May 2025 |
1,113 |
|
1,113 |
| Opening balance as at 01 June 2024 |
1,484 |
|
1,484 |
|
| 3. |
Average number of employees
Average number of employees during the year was 1 (2024 : 1).
|
For the year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 15 January 2026 and were signed by: --------------------------------
Yasmeen O M Ayyashi
Director |
1
|