Larch Consulting Limited - Accounts to registrar (filleted) - small 18.2

Larch Consulting Limited - Accounts to registrar (filleted) - small 18.2

LARCH CONSULTING LIMITED - Company Information

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REGISTERED NUMBER: 03037995 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

LARCH CONSULTING LIMITED
LARCH CONSULTING LIMITED (REGISTERED NUMBER: 03037995)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


LARCH CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2019







DIRECTORS: Mr M I Cant
Miss L J Jeynes
Mr A C Mclaughlin
Mr C D Rowe





REGISTERED OFFICE: 95 Upper Holly Walk
Leamington Spa
Warwickshire
CV32 4JS





REGISTERED NUMBER: 03037995 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA
Page 1
LARCH CONSULTING LIMITED (REGISTERED NUMBER: 03037995)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,991 5,846

CURRENT ASSETS
Stocks 26,920 9,113
Debtors 5 58,775 39,211
Cash at bank and in hand 19,720 37,957
105,415 86,281
CREDITORS
Amounts falling due within one year 6 62,803 47,559
NET CURRENT ASSETS 42,612 38,722
TOTAL ASSETS LESS CURRENT
LIABILITIES
46,603
44,568

CAPITAL AND RESERVES
Called up and paid share capital 100 100
Retained earnings 46,503 44,468
SHAREHOLDERS' FUNDS 46,603 44,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 June 2020
and were signed on its behalf by:



Miss L J Jeynes - Director


The notes form part of these financial statements

Page 2
LARCH CONSULTING LIMITED (REGISTERED NUMBER: 03037995)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019


1. STATUTORY INFORMATION

Larch Consulting Limited is a private company, limited by shares , registered in England and Wales.
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 20% on reducing balance and 10% on cost

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling
costs in bringing stocks to their present location and condition.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of
interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of
Income and Retained Earnings, 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.


Page 3 continued...
LARCH CONSULTING LIMITED (REGISTERED NUMBER: 03037995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2019
and 31 December 2019 54,230
DEPRECIATION
At 1 January 2019 48,384
Charge for year 1,855
At 31 December 2019 50,239
NET BOOK VALUE
At 31 December 2019 3,991
At 31 December 2018 5,846

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 48,944 30,175
Amounts owed by participating interests 9,261 8,466
Other debtors 570 570
58,775 39,211

Page 4 continued...
LARCH CONSULTING LIMITED (REGISTERED NUMBER: 03037995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 1,407 4,889
Taxation and social security 31,884 35,011
Other creditors 29,512 7,659
62,803 47,559

7. RELATED PARTY DISCLOSURES

During the year the company operated a loan with another company of which a director had an
involvement. As at the year-end the balance outstanding was £9,261 (2018 - £8,466).

Page 5