IRIS Accounts Production v23.2.0.158 03665125 Board of Directors Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure036651252022-03-31036651252023-03-31036651252022-04-012023-03-31036651252021-03-31036651252021-04-012022-03-31036651252022-03-3103665125ns16:EnglandWales2022-04-012023-03-3103665125ns15:PoundSterling2022-04-012023-03-3103665125ns11:Director12022-04-012023-03-3103665125ns11:Director22022-04-012023-03-3103665125ns11:Director32022-04-012023-03-3103665125ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3103665125ns11:SmallEntities2022-04-012023-03-3103665125ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3103665125ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3103665125ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3103665125ns11:FullAccounts2022-04-012023-03-310366512512022-04-012023-03-3103665125ns11:OrdinaryShareClass12022-04-012023-03-3103665125ns11:OrdinaryShareClass22022-04-012023-03-3103665125ns11:OrdinaryShareClass32022-04-012023-03-3103665125ns6:CurrentFinancialInstruments2023-03-3103665125ns6:CurrentFinancialInstruments2022-03-3103665125ns6:Non-currentFinancialInstruments2023-03-3103665125ns6:Non-currentFinancialInstruments2022-03-3103665125ns6:ShareCapital2023-03-3103665125ns6:ShareCapital2022-03-3103665125ns6:RetainedEarningsAccumulatedLosses2023-03-3103665125ns6:RetainedEarningsAccumulatedLosses2022-03-3103665125ns11:RegisteredOffice2022-04-012023-03-3103665125ns6:NetGoodwill2022-04-012023-03-3103665125ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3103665125ns6:FurnitureFittings2022-04-012023-03-3103665125ns6:MotorVehicles2022-04-012023-03-3103665125ns6:NetGoodwill2022-03-3103665125ns6:NetGoodwill2023-03-3103665125ns6:NetGoodwill2022-03-3103665125ns6:PlantMachinery2022-03-3103665125ns6:PlantMachinery2022-04-012023-03-3103665125ns6:PlantMachinery2023-03-3103665125ns6:PlantMachinery2022-03-3103665125ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3103665125ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3103665125ns11:OrdinaryShareClass12023-03-3103665125ns11:OrdinaryShareClass22023-03-3103665125ns11:OrdinaryShareClass32023-03-31036651252ns11:Director22022-03-31036651252ns11:Director22021-03-31036651252ns11:Director22022-04-012023-03-31036651252ns11:Director22021-04-012022-03-31036651252ns11:Director22023-03-31036651252ns11:Director22022-03-31036651253ns11:Director32022-03-31036651253ns11:Director32021-03-31036651253ns11:Director32022-04-012023-03-31036651253ns11:Director32021-04-012022-03-31036651253ns11:Director32023-03-31036651253ns11:Director32022-03-31
REGISTERED NUMBER: 03665125 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

LUNDIA (UK) LTD

LUNDIA (UK) LTD (REGISTERED NUMBER: 03665125)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


LUNDIA (UK) LTD (REGISTERED NUMBER: 03665125)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 7,302
Tangible assets 5 24,328 30,020
24,328 37,322

CURRENT ASSETS
Stocks 6 9,000 9,000
Debtors 7 33,947 31,144
Cash at bank 14,181 9,086
57,128 49,230
CREDITORS
Amounts falling due within one year 8 48,984 38,587
NET CURRENT ASSETS 8,144 10,643
TOTAL ASSETS LESS CURRENT LIABILITIES 32,472 47,965

CREDITORS
Amounts falling due after more than
one year

9

(32,379

)

(41,667

)

PROVISIONS FOR LIABILITIES - (5,790 )
NET ASSETS 93 508

CAPITAL AND RESERVES
Called up share capital 10 14 14
Retained earnings 79 494
SHAREHOLDERS' FUNDS 93 508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LUNDIA (UK) LTD (REGISTERED NUMBER: 03665125)

BALANCE SHEET - continued
31 MARCH 2023


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by:




Mr S A Holt - Director Miss S E Holt - Director




Miss S I Holt - Director


LUNDIA (UK) LTD (REGISTERED NUMBER: 03665125)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Lundia (Uk) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03665125

Registered office: Equinox House
Clifton Park Avenue
York
YO30 5PA

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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable from the sale of office furniture and chairs, excluding discounts, value added tax and other sales taxes in the course of the sale of retail furniture.

Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable, A grant received before the recognition criteria are satisfied is recognised as a liability.

LUNDIA (UK) LTD (REGISTERED NUMBER: 03665125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Foreign currencies
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

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.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown with borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

LUNDIA (UK) LTD (REGISTERED NUMBER: 03665125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 73,073
AMORTISATION
At 1 April 2022 65,771
Charge for year 7,302
At 31 March 2023 73,073
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 7,302

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 66,751
Additions 1,761
At 31 March 2023 68,512
DEPRECIATION
At 1 April 2022 36,731
Charge for year 7,453
At 31 March 2023 44,184
NET BOOK VALUE
At 31 March 2023 24,328
At 31 March 2022 30,020

6. STOCKS
2023 2022
£    £   
Stocks 9,000 9,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,925 21,204
Other debtors 8,022 9,940
33,947 31,144

LUNDIA (UK) LTD (REGISTERED NUMBER: 03665125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 31,944 26,013
Taxation and social security 12,880 2,325
Other creditors 4,160 10,249
48,984 38,587

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 32,379 41,667

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary A 1 10 10
2 Ordinary B 1 2 2
2 Ordinary C 1 2 2
14 14

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Miss S E Holt
Balance outstanding at start of year - -
Amounts advanced 539 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 539 -

Miss S I Holt
Balance outstanding at start of year - -
Amounts advanced 539 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 539 -