LHG Consulting Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC403683 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2020

FOR

LHG CONSULTING LTD.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Report of the Accountants

5

DIRECTOR:

Mrs V Campbell

REGISTERED OFFICE:

29 Argyll Place

Aberdeen

AB25 2HU

REGISTERED NUMBER:

SC403683 (Scotland)

ACCOUNTANTS:

Acumen Accountants and Advisors Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeenshire

AB12 4XX

CURRENT ASSETS

Debtors

4

-

4,117

Cash at bank

115,087

89,963

115,087

94,080

CREDITORS

Amounts falling due within one year

5

8,398

12,709

NET CURRENT ASSETS

106,689

81,371

TOTAL ASSETS LESS CURRENT LIABILITIES

106,689

81,371

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

6

106,688

81,370

SHAREHOLDERS' FUNDS

106,689

81,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 October 2020 and were signed by:

Mrs V Campbell - Director

1.	STATUTORY INFORMATION

LHG Consulting Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and

registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

-

2,400

Other debtors

-

1,717

-

4,117

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

232

-

Taxation and social security

7,990

10,666

Other creditors

176

2,043

8,398

12,709

6.

RESERVES

Retained

earnings

£

At 1 August 2019

81,370

Profit for the year

33,818

Dividends

(8,500

)

At 31 July 2020

106,688

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2020 and 31 July 2019:

2020

2019

£

£

Mrs V Campbell

Balance outstanding at start of year

196

46

Amounts advanced

678

1,251

Amounts repaid

(699

)

(1,101

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

175

196

The loan is interest free and there are no fixed repayment terms.

8.	POST BALANCE SHEET EVENTS

Post year end, due to COVID, there was reduced contracts available for contractors and resulting in reduced turnover.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs V Campbell.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of

Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of

the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 July 2020 set out on pages three to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Acumen Accountants and Advisors Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeenshire

AB12 4XX

6 October 2020