Company Registration No. 08186700 (England and Wales)
J D Lumb Consultancy Limited
Unaudited accounts
for the year ended 31 August 2019
J D Lumb Consultancy Limited
Unaudited accounts
Contents
J D Lumb Consultancy Limited
Company Information
for the year ended 31 August 2019
Company Number
08186700 (England and Wales)
Registered Office
64 Central Park
Halifax
W Yorks
HX1 2BT
England
Accountants
SJM Accounting Services
51 Wilmslow Road
Cheadle
Stockport
Cheshire
SK8 1HG
J D Lumb Consultancy Limited
Accountants' report
Accountants' report to the director of J D Lumb Consultancy Limited on the preparation of the unaudited statutory accounts for the year ended 31 August 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
J D Lumb Consultancy Limited for the year ended
31 August 2019 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of J D Lumb Consultancy Limited, as a body, in accordance with the terms of our engagement letter dated 10 October 2012. Our work has been undertaken solely to prepare for your approval the accounts of J D Lumb Consultancy Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J D Lumb Consultancy Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that J D Lumb Consultancy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of J D Lumb Consultancy Limited. You consider that J D Lumb Consultancy Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of J D Lumb Consultancy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
SJM Accounting Services
51 Wilmslow Road
Cheadle
Stockport
Cheshire
SK8 1HG
10 November 2019
J D Lumb Consultancy Limited
Statement of financial position
as at 31 August 2019
Cash at bank and in hand
4,352
11,941
Creditors: amounts falling due within one year
(5,793)
(7,722)
Net current assets
9,186
9,654
Total assets less current liabilities
9,385
9,654
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
9,346
9,653
Shareholders' funds
9,347
9,654
For the year ending 31 August 2019 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 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.
Approved by the Board on 10 November 2019.
JD Lumb
Director
Company Registration No. 08186700
J D Lumb Consultancy Limited
Notes to the Accounts
for the year ended 31 August 2019
J D Lumb Consultancy Limited is a private company, limited by shares, registered in England and Wales, registration number 08186700. The registered office is 64 Central Park, Halifax, W Yorks, HX1 2BT, England.
2
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Computer equipment
33% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
J D Lumb Consultancy Limited
Notes to the Accounts
for the year ended 31 August 2019
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Computer equipment
Work in progress
2,563
4,000
Accrued income and prepayments
-
35
7
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
4,802
6,749
Loans from directors
85
85
8
Deferred taxation
2019
2018
Accelerated capital allowances
38
-
J D Lumb Consultancy Limited
Notes to the Accounts
for the year ended 31 August 2019
Provision at start of year
-
69
Charged/(credited) to the profit and loss account
38
(69)
Provision at end of year
38
-
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1
1
10
Average number of employees
During the year the average number of employees was 1 (2018: 1).
