Registration number:
Laf Consultancy Limited
for the Period from 27 August 2019 to 31 August 2020
Laf Consultancy Limited
Contents
Company Information |
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Director's Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Laf Consultancy Limited
Company Information
Director |
Mrs Lynn Fields |
Registered office |
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Accountants |
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Laf Consultancy Limited
Director's Report for the Period from 27 August 2019 to 31 August 2020
The director presents her report and the financial statements for the period from 27 August 2019 to 31 August 2020.
Incorporation
The company was incorporated on
Director of the company
The director who held office during the period was as follows:
Principal activity
The principal activity of the company is Regulation of health care, education, cultural and other social services, not incl. social security
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
.........................................
Director
Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Laf Consultancy Limited
for the Period Ended 31 August 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Laf Consultancy Limited for the period ended 31 August 2020 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.
It is your duty to ensure that Laf 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 Laf Consultancy Limited. You consider that Laf Consultancy Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Laf 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.
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Canary Wharf
London
E14 5AA
Date:.............................
Laf Consultancy Limited
Profit and Loss Account for the Period from 27 August 2019 to 31 August 2020
Note |
2020 |
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Turnover |
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Gross profit |
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Administrative expenses |
( |
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Operating profit |
100,661 |
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Profit before tax |
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Taxation |
( |
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Profit for the financial period |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the period other than the results above.
Laf Consultancy Limited
Statement of Comprehensive Income for the Period from 27 August 2019 to 31 August 2020
2020 |
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Profit for the period |
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Total comprehensive income for the period |
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Laf Consultancy Limited
(Registration number: 12174572)
Balance Sheet as at 31 August 2020
Note |
2020 |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
1 |
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Total equity |
1 |
For the financial period ending 31 August 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
.........................................
Director
Laf Consultancy Limited
Statement of Changes in Equity for the Period from 27 August 2019 to 31 August 2020
Share capital |
Profit and loss account |
Total |
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Profit for the period |
- |
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Total comprehensive income |
- |
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Dividends |
- |
( |
( |
New share capital subscribed |
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- |
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At 31 August 2020 |
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- |
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Laf Consultancy Limited
Notes to the Unaudited Financial Statements for the Period from 27 August 2019 to 31 August 2020
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Depreciation rates
Laf Consultancy Limited
Notes to the Unaudited Financial Statements for the Period from 27 August 2019 to 31 August 2020
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Profit before tax |
Arrived at after charging/(crediting)
Laf Consultancy Limited
Notes to the Unaudited Financial Statements for the Period from 27 August 2019 to 31 August 2020
2020 |
Tangible assets |
Cost or valuation |
Depreciation |
Carrying amount |
At 31 August 2020 |
Creditors |
Creditors: amounts falling due within one year
2020 |
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Due within one year |
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Taxation and social security |
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Other creditors |
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Share capital |
Dividends |
2020 |
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£ |
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