AM Lavender Consulting Limited Filleted accounts for Companies House (small and micro)
AM Lavender Consulting Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
08145865
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Financial Statements |
Year ended 30 September 2020
Contents |
Page |
Statement of financial position |
1 |
Notes to the financial statements |
3 |
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Investments |
6 |
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Current assets
Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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Net current assets |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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Net assets |
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Capital and reserves
Called up share capital |
9 |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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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
;
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The director acknowledges his 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
25 August 2021
, and are signed on behalf of the board by:
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Director |
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Company registration number:
08145865
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Notes to the Financial Statements |
Year ended 30 September 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
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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20% straight line |
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Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
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.
Provisions
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2019:
1
).
5.
Tangible assets
Equipment |
Total |
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£ |
£ |
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Cost |
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At 1 October 2019 |
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Additions |
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Disposals |
(
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(
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At 30 September 2020 |
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Depreciation |
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At 1 October 2019 |
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Charge for the year |
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Disposals |
(
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(
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------- |
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At 30 September 2020 |
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Carrying amount |
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At 30 September 2020 |
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At 30 September 2019 |
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6.
Investments
Other investments other than loans |
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£ |
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Cost |
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At 1 October 2019 and 30 September 2020 |
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Impairment |
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At 1 October 2019 and 30 September 2020 |
– |
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Carrying amount |
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At 30 September 2020 |
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At 30 September 2019 |
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An investment in Plum Consulting London LLP is shown above.
7.
Debtors
2020 |
2019 |
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£ |
£ |
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Amounts owed by undertakings in which the company has a participating interest |
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Corporation tax repayable |
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– |
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8.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Accruals and deferred income |
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Corporation tax |
– |
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Social security and other taxes |
– |
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Director loan accounts |
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9.
Called up share capital
Issued, called up and fully paid
2020 |
2019 |
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No. |
£ |
No. |
£ |
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50 |
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50 |
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10.
Related party transactions
At the year end the company owed its director £34,431 (2019: £33,998) which is shown within creditors due within one year. The company is a member in Plum Consulting London LLP. The balance shown under investments represents the amount invested in the partnership and is shown under members' capital. Included in debtors is £300,003 (2019: £349,619) due from Plum Consulting London LLP, being part of the company's share of profits for the year of £27,050 (2019: £97,671).