Common Lane Consultancy Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC458940

Common Lane Consultancy Limited

Filleted Unaudited Financial Statements

31 July 2025

Common Lane Consultancy Limited

Statement of Financial Position

31 July 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	770,662	156,395

Current assets

Stocks		597,248	214,820
Debtors	6	2,581,313	3,702,374
Cash at bank and in hand		75,415	59,952
		------------	------------
		3,253,976	3,977,146

Creditors: amounts falling due within one year	7	1,286,320	2,282,725
		------------	------------
Net current assets		1,967,656	1,694,421
		------------	------------
Total assets less current liabilities		2,738,318	1,850,816

Creditors: amounts falling due after more than one year	8	939,374	371,563
		------------	------------
Net assets		1,798,944	1,479,253
		------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,798,844	1,479,153
	------------	------------
Shareholders funds	1,798,944	1,479,253
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 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 financial statements for the year in question in accordance with section 476 ;

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

Common Lane Consultancy Limited

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 27 April 2026 , and are signed on behalf of the board by:

I Pyott

Director

Company registration number: SC458940

Common Lane Consultancy Limited

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Unit 5/6 Old Mill Park, Kirkintilloch, Glasgow, G661SS, Scotland.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% straight line
Fixtures and fittings	-	25% straight line
Motor vehicles	-	25% straight line
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 18 (2024: 16 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 August 2024	22,060	27,104	229,394	54,502	333,060
Additions	540,977	–	386,276	–	927,253
Disposals	–	–	( 35,650)	–	( 35,650)
	---------	--------	---------	--------	------------
At 31 July 2025	563,037	27,104	580,020	54,502	1,224,663
	---------	--------	---------	--------	------------
Depreciation
At 1 August 2024	13,994	18,102	103,290	41,279	176,665
Charge for the year	137,933	6,776	144,188	12,263	301,160
Disposals	–	–	( 23,824)	–	( 23,824)
	---------	--------	---------	--------	------------
At 31 July 2025	151,927	24,878	223,654	53,542	454,001
	---------	--------	---------	--------	------------
Carrying amount
At 31 July 2025	411,110	2,226	356,366	960	770,662
	---------	--------	---------	--------	------------
At 31 July 2024	8,066	9,002	126,104	13,223	156,395
	---------	--------	---------	--------	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	2,576,396	3,694,474
Other debtors	4,917	7,900
	------------	------------
	2,581,313	3,702,374
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	812,790	1,072,582
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	7,826
Social security and other taxes	422,690	600,368
Other creditors	50,840	601,949
	------------	------------
	1,286,320	2,282,725
	------------	------------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Corporation tax	–	212,353
Other creditors	939,374	159,210
	---------	---------
	939,374	371,563
	---------	---------

9. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£

Financial liabilities measured at fair value through profit or loss

Financial liabilities measured at fair value through profit or loss	1	1
	----	----

10. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
I Pyott	( 5,908)	( 22,640)	( 28,548)
	-------	--------	--------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
I Pyott	( 5,021)	( 887)	( 5,908)
	-------	----	-------

11. Related party transactions

Common Lane Consultancy Ltd is a subsidiary of KCR Limited. During the year the company received income from KCR Limited to the value of £12,220,704 (2024 - £11,991,479) which was invoiced under normal commercial terms. KCR Limited also paid expenses on behalf of the company to the value of £4,965 (2024 - £52,619) and these have been recharged under normal commercial terms. At 31st July 2025 the company owed KCR £54,551(2024 - £144,734) and this figure is included within Trade Creditors. The company owed £nil (2024 - £7,826) as a working capital loan and this figure is included within Other Creditors.