Lockhazel Consulting Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 11832119 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2023

for

Lockhazel Consulting Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

AJ McLeish

REGISTERED OFFICE:

47 College Road

Framlingham

Woodbridge

United Kingdom

IP13 9ER

REGISTERED NUMBER:

11832119 (England and Wales)

ACCOUNTANTS:

Suffolk Tax Accountants Group

9 Byford Court

Crockatt Road

Hadleigh

Ipswich

Suffolk

IP7 6RD

FIXED ASSETS

Tangible assets

4

2,574

2,537

CURRENT ASSETS

Debtors

5

17,759

16,586

Cash at bank

82,960

105,494

100,719

122,080

CREDITORS

Amounts falling due within one year

6

20,361

22,563

NET CURRENT ASSETS

80,358

99,517

TOTAL ASSETS LESS CURRENT LIABILITIES

82,932

102,054

PROVISIONS FOR LIABILITIES

489

482

NET ASSETS

82,443

101,572

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

82,442

101,571

82,443

101,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 27 July 2023 and were signed by:

AJ McLeish - Director

1.	STATUTORY INFORMATION

Lockhazel Consulting Ltd 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.

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.

Fixtures and fittings

-

33% on cost

Computer equipment

-

25% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 March 2022

212

3,325

3,537

Additions

-

1,000

1,000

At 28 February 2023

212

4,325

4,537

DEPRECIATION

At 1 March 2022

24

976

1,000

Charge for year

70

893

963

At 28 February 2023

94

1,869

1,963

NET BOOK VALUE

At 28 February 2023

118

2,456

2,574

At 28 February 2022

188

2,349

2,537

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.23

28.2.22

£

£

Trade debtors

9,639

-

Other debtors

8,120

16,586

17,759

16,586

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.23

28.2.22

£

£

Taxation and social security

19,504

22,504

Other creditors

857

59

20,361

22,563

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23

28.2.22

£

£

AJ McLeish

Balance outstanding at start of year

5,136

-

Amounts repaid

(75,388

)

(49,147

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(796

)

5,136

The above loan was repaid within 9 months of the year end.