IRIS Accounts Production v23.1.0.753 08932549 director 1.1.22 31.12.22 31.12.22 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure089325492021-12-31089325492022-12-31089325492022-01-012022-12-31089325492020-12-31089325492021-01-012021-12-31089325492021-12-3108932549ns16:EnglandWales2022-01-012022-12-3108932549ns15:PoundSterling2022-01-012022-12-3108932549ns11:Director12022-01-012022-12-3108932549ns11:PrivateLimitedCompanyLtd2022-01-012022-12-3108932549ns11:SmallEntities2022-01-012022-12-3108932549ns11:AuditExempt-NoAccountantsReport2022-01-012022-12-3108932549ns11:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3108932549ns11:SmallCompaniesRegimeForAccounts2022-01-012022-12-3108932549ns11:FullAccounts2022-01-012022-12-310893254912022-01-012022-12-3108932549ns11:RegisteredOffice2022-01-012022-12-3108932549ns6:CurrentFinancialInstruments2022-12-3108932549ns6:CurrentFinancialInstruments2021-12-3108932549ns6:Non-currentFinancialInstruments2022-12-3108932549ns6:Non-currentFinancialInstruments2021-12-3108932549ns6:ShareCapital2022-12-3108932549ns6:ShareCapital2021-12-3108932549ns6:RetainedEarningsAccumulatedLosses2022-12-3108932549ns6:RetainedEarningsAccumulatedLosses2021-12-3108932549ns6:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3108932549ns6:ComputerSoftware2022-01-012022-12-3108932549ns6:LeaseholdImprovements2022-01-012022-12-3108932549ns6:PlantMachinery2022-01-012022-12-3108932549ns6:FurnitureFittings2022-01-012022-12-3108932549ns6:ComputerEquipment2022-01-012022-12-3108932549ns6:ComputerSoftware2021-12-3108932549ns6:ComputerSoftware2022-12-3108932549ns6:ComputerSoftware2021-12-3108932549ns6:LeaseholdImprovements2021-12-3108932549ns6:PlantMachinery2021-12-3108932549ns6:FurnitureFittings2021-12-3108932549ns6:ComputerEquipment2021-12-3108932549ns6:LeaseholdImprovements2022-12-3108932549ns6:PlantMachinery2022-12-3108932549ns6:FurnitureFittings2022-12-3108932549ns6:ComputerEquipment2022-12-3108932549ns6:LeaseholdImprovements2021-12-3108932549ns6:PlantMachinery2021-12-3108932549ns6:FurnitureFittings2021-12-3108932549ns6:ComputerEquipment2021-12-3108932549ns6:WithinOneYearns6:CurrentFinancialInstruments2022-12-3108932549ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-31
REGISTERED NUMBER: 08932549 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Lund London Ltd

Lund London Ltd (Registered number: 08932549)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lund London Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTOR: Mr D Savage





REGISTERED OFFICE: Unit D2, Bearsted Green Business Centre
Bearsted
Maidstone
ME14 4DF





REGISTERED NUMBER: 08932549 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Lund London Ltd (Registered number: 08932549)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,883 5,770
Tangible assets 5 15,028 15,391
24,911 21,161

CURRENT ASSETS
Stocks 320,765 525,938
Debtors 6 331,999 330,659
Cash at bank - 68,690
652,764 925,287
CREDITORS
Amounts falling due within one year 7 401,386 290,057
NET CURRENT ASSETS 251,378 635,230
TOTAL ASSETS LESS CURRENT
LIABILITIES

276,289

656,391

CREDITORS
Amounts falling due after more than one
year

8

337,438

442,543
NET (LIABILITIES)/ASSETS (61,149 ) 213,848

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (61,151 ) 213,846
(61,149 ) 213,848

Lund London Ltd (Registered number: 08932549)

Balance Sheet - continued
31 December 2022


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2023 and were signed by:





Mr D Savage - Director


Lund London Ltd (Registered number: 08932549)

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

1. STATUTORY INFORMATION

Lund London 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 13 (2021 - 11 ) .

Lund London Ltd (Registered number: 08932549)

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

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2022 10,850
Additions 6,837
At 31 December 2022 17,687
AMORTISATION
At 1 January 2022 5,080
Amortisation for year 2,724
At 31 December 2022 7,804
NET BOOK VALUE
At 31 December 2022 9,883
At 31 December 2021 5,770

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2022 3,334 398 14,291 12,162 30,185
Additions - - 2,951 1,340 4,291
At 31 December 2022 3,334 398 17,242 13,502 34,476
DEPRECIATION
At 1 January 2022 417 314 6,590 7,473 14,794
Charge for year 729 21 2,448 1,456 4,654
At 31 December 2022 1,146 335 9,038 8,929 19,448
NET BOOK VALUE
At 31 December 2022 2,188 63 8,204 4,573 15,028
At 31 December 2021 2,917 84 7,701 4,689 15,391

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 268,937 264,347
Other debtors 63,062 66,312
331,999 330,659

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 181,670 79,380
Trade creditors 156,621 169,376
Taxation and social security 23,963 11,399
Other creditors 39,132 29,902
401,386 290,057

Lund London Ltd (Registered number: 08932549)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans 138,967 267,514
Other creditors 198,471 175,029
337,438 442,543