LRC CONSULTANCY LTD Filleted accounts for Companies House (small and micro)
LRC CONSULTANCY LTD Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
11117619
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Statement of Financial Position |
31 Dec 18 |
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Note |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Debtors |
6 |
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Cash at bank and in hand |
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-------- |
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Creditors: amounts falling due within one year |
7 |
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-------- |
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Net current assets |
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-------- |
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Total assets less current liabilities |
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-------- |
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Net assets |
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-------- |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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-------- |
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Shareholders funds |
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-------- |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
5 September 2019
, and are signed on behalf of the board by:
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Director |
Director |
Company registration number:
11117619
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Notes to the Financial Statements |
Period from 19 December 2017 to 31 December 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Avondale House, 262 Uxbridge Road, Middlesex, Hatch End, HA5 4HS, UK.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2017. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 9.
Revenue recognition
Income tax
Tangible assets
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:
Equipment |
- |
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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
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
2
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5.
Tangible assets
Equipment |
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£ |
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Cost |
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At 19 December 2017 |
– |
Additions |
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---- |
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At 31 December 2018 |
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---- |
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Depreciation |
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At 19 December 2017 |
– |
Charge for the period |
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---- |
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At 31 December 2018 |
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---- |
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Carrying amount |
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At 31 December 2018 |
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---- |
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6.
Debtors
31 Dec 18 |
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£ |
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Trade debtors |
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-------- |
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7.
Creditors:
amounts falling due within one year
31 Dec 18 |
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£ |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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8.
Directors' advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
31 Dec 18 |
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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– |
(
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(
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– |
(
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(
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---- |
-------- |
-------- |
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– |
(
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(
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---- |
-------- |
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9.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 January 2017.
No transitional adjustments were required in equity or profit or loss for the period.