Relate AccountsProduction v2.6.1 v2.6.1 2021-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The company's principal activity during the year continued to be in the field of textile and fashion design. 4 August 2022 0 0 11877878 2022-03-31 11877878 2021-03-31 11877878 2020-03-31 11877878 2021-04-01 2022-03-31 11877878 2020-04-01 2021-03-31 11877878 uk-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 11877878 uk-bus:AbridgedAccounts 2021-04-01 2022-03-31 11877878 uk-core:ShareCapital 2022-03-31 11877878 uk-core:ShareCapital 2021-03-31 11877878 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 11877878 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 11877878 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-03-31 11877878 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2021-03-31 11877878 uk-bus:FRS102 2021-04-01 2022-03-31 11877878 uk-core:PlantMachinery 2021-04-01 2022-03-31 11877878 2021-04-01 2022-03-31 11877878 uk-bus:Director1 2021-04-01 2022-03-31 11877878 uk-bus:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 11877878
 
 
La Vie Studio London Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 March 2022
La Vie Studio London Limited
Company Registration Number: 11877878
ABRIDGED BALANCE SHEET
as at 31 March 2022

2022 2021
Notes £ £
 
Fixed Assets
Tangible assets 4 1,503 2,432
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Current Assets
Debtors 336,610 72,708
Cash and cash equivalents 156,692 105,763
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493,302 178,471
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Creditors: amounts falling due within one year (216,996) (138,623)
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Net Current Assets 276,306 39,848
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Total Assets less Current Liabilities 277,809 42,280
 
Creditors:
amounts falling due after more than one year (31,667) (41,667)
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Net Assets 246,142 613
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Capital and Reserves
Called up share capital 2 2
Retained earnings 246,140 611
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Equity attributable to owners of the company 246,142 613
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 4 August 2022 and signed on its behalf by
           
           
________________________________          
J Richardson          
Director          
           



La Vie Studio London Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2022

   
1. General Information
 
La Vie Studio London Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 11877878. The registered office of the company is Handel House, 95 High Street, Edgware HA8 7DB. The company's principal activity during the year continued to be in the field of textile and fashion design. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 March 2022 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2021 - 2).
       
4. Tangible assets
  Plant and Total
  machinery  
     
  £ £
Cost
At 1 April 2021 3,718 3,718
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At 31 March 2022 3,718 3,718
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Depreciation
At 1 April 2021 1,286 1,286
Charge for the financial year 929 929
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At 31 March 2022 2,215 2,215
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Net book value
At 31 March 2022 1,503 1,503
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At 31 March 2021 2,432 2,432
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