L S T VENTURES LTD

Company Registration Number:
06743900 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2021

Period of accounts

Start date: 01 December 2020

End date: 30 November 2021

L S T VENTURES LTD

Contents of the Financial Statements

for the Period Ended 30 November 2021

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

L S T VENTURES LTD

Company Information

for the Period Ended 30 November 2021




Director: TITILOLA ODUYOYE
Registered office: 72 Moyle House
72 Moyle House
Little Bright Road
Belvedere
Kent
DA17 6BF
Company Registration Number: 06743900 (England and Wales)

L S T VENTURES LTD

Directors' Report Period Ended 30 November 2021

The directors present their report with the financial statements of the company for the period ended 30 November 2021

Principal Activities

The company's principal activity during the year continued to be Business Services

Directors

The directors shown below have held office during the whole of the period from 01 December 2020 to 30 November 2021
TITILOLA ODUYOYE

This report was approved by the board of directors on 29 July 2022
And Signed On Behalf Of The Board By:

Name: TITILOLA ODUYOYE
Status: Director

L S T VENTURES LTD

Profit and Loss Account

for the Period Ended 30 November 2021


Notes

2021
£

2020
£
Turnover 150,396 19,727
Cost of sales ( 102,028 ) -
Gross Profit or (Loss) 48,368 19,727
Distribution Costs ( 26,519 ) ( 15,480 )
Administrative Expenses ( 21,037 ) ( 13,467 )
Operating Profit or (Loss) 812 ( 9,220 )
Profit or (Loss) Before Tax 812 ( 9,220 )
Tax on Profit ( 162 ) -
Profit or (Loss) for Period 650 ( 9,220 )

The notes form part of these financial statements

L S T VENTURES LTD

Balance sheet

As at 30 November 2021


Notes

2021
£

2020
£
Fixed assets
Tangible assets: 4 6,913 4,950
Total fixed assets: 6,913 4,950
Current assets
Cash at bank and in hand: 1,028 349
Total current assets: 1,028 349
Creditors: amounts falling due within one year: 5 ( 950 ) ( 1,056 )
Net current assets (liabilities): 78 ( 707 )
Total assets less current liabilities: 6,991 4,243
Creditors: amounts falling due after more than one year: 6 ( 18,556 ) ( 24,556 )
Total net assets (liabilities): ( 11,565 ) ( 20,313 )

The notes form part of these financial statements

L S T VENTURES LTD

Balance sheet continued

As at 30 November 2021


Notes

2021
£

2020
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 7 10,936 12,000
Profit and loss account: ( 22,601 ) ( 32,413 )
Shareholders funds: ( 11,565 ) ( 20,313 )

For the year ending 30 November 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 July 2022
And Signed On Behalf Of The Board By:

Name: TITILOLA ODUYOYE
Status: Director

The notes form part of these financial statements

L S T VENTURES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the value, net value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

    Office Equipment 20% straight line
    Motor Vehicles 25% straight line

    Valuation information and policy

    Stock is valued at the lower of cost and net realised value.

    Other accounting policies

    Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

L S T VENTURES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

  • 2. Employees


    2021

    2020
    Average number of employees during the period 1 1

L S T VENTURES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

  • 3. Off balance sheet disclosure

    No

L S T VENTURES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

4. Tangible assets

Office equipment Motor vehicles Total
Cost £ £ £
At 01 December 2020 - 4,950 4,950
Additions 4,000 - 4,000
Disposals - - -
Revaluations - - -
Transfers - - -
At 30 November 2021 4,000 4,950 8,950
Depreciation
At 01 December 2020 - - -
Charge for year 800 1,237 2,037
On disposals - - -
Other adjustments - - -
At 30 November 2021 800 1,237 2,037
Net book value
At 30 November 2021 3,200 3,713 6,913
At 30 November 2020 - 4,950 4,950

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Office Equipment 20% straight line
Motor Vehicles 25% straight line

L S T VENTURES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

5.Creditors: amounts falling due within one year note


2021
£

2020
£
Trade creditors 950 1,056
Total 950 1,056

L S T VENTURES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

6.Creditors: amounts falling due after more than one year


2021
£

2020
£
Bank loans and overdrafts 10,598 12,000
Other creditors 7,958 12,556
Total 18,556 24,556

L S T VENTURES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

7. Revaluation reserve


2021
£
Balance at 01 December 2020 12,000
Surplus or deficit after revaluation ( 1,064 )
Balance at 30 November 2021 10,936