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REGISTERED NUMBER: 10705508 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Larkspur & Lavender Limited

Larkspur & Lavender Limited (Registered number: 10705508)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Larkspur & Lavender Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: S Brace





REGISTERED OFFICE: Office 10
465C Unit 1 Hornsey Road
Islington
London
N19 4DR





REGISTERED NUMBER: 10705508 (England and Wales)





ACCOUNTANTS: Goldhill Accountancy Ltd
Office 10, Unit 1
465C Hornsey Road
Islington
London
N19 4DR

Larkspur & Lavender Limited (Registered number: 10705508)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 225 333

CURRENT ASSETS
Debtors 5 27,091 13,908
Cash at bank 79 76
27,170 13,984
CREDITORS
Amounts falling due within one year 6 21,263 7,297
NET CURRENT ASSETS 5,907 6,687
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,132

7,020

CREDITORS
Amounts falling due after more than one
year

7

(6,026

)

(6,845

)

PROVISIONS FOR LIABILITIES 8 (43 ) (63 )
NET ASSETS 63 112

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9 62 111
63 112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Larkspur & Lavender Limited (Registered number: 10705508)

Balance Sheet - continued
31 March 2022


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 14 September 2022 and were signed by:





S Brace - Director


Larkspur & Lavender Limited (Registered number: 10705508)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Larkspur & Lavender 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.

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.

The director has considered the consequences of COVID-19 and other events and conditions, and have determined that they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern.
The impact of COVID-19 on future performance and therefore on the measurement of some assets and liabilities or on liquidity might be significant and might therefore require disclosure in the financial statements, but the directors have determined that they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern.

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 & machinery 25% straight line on cost
Computer equipment 25% straight line 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Larkspur & Lavender Limited (Registered number: 10705508)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2021
and 31 March 2022 154 299 453
DEPRECIATION
At 1 April 2021 51 69 120
Charge for year 34 74 108
At 31 March 2022 85 143 228
NET BOOK VALUE
At 31 March 2022 69 156 225
At 31 March 2021 103 230 333

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 2,985 -
Director's curr accs less 1yr 23,938 13,908
VAT 168 -
27,091 13,908

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 1,825 1,154
Trade creditors 13,197 2,323
Tax 6,241 3,820
21,263 7,297

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans - 1-2 years 1,871 1,573
Bank loans - 2-5 years 4,155 5,272
6,026 6,845

8. PROVISIONS FOR LIABILITIES
31.3.22 31.3.21
£    £   
Deferred tax 43 63

Larkspur & Lavender Limited (Registered number: 10705508)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2021 63
Provided during year (20 )
Balance at 31 March 2022 43

9. RESERVES
Retained
earnings
£   

At 1 April 2021 111
Profit for the year 12,951
Dividends (13,000 )
At 31 March 2022 62

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.22 31.3.21
£    £   
S Brace
Balance outstanding at start of year 13,908 9,423
Amounts advanced 63,430 48,681
Amounts repaid (53,400 ) (44,196 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,938 13,908

The director's current account balance of £23,938 (2021: £13,908) have no fixed date for repayment, are repayable upon demand and are non-interest bearing.