Registered number
08385499
LV INDIA LTD
Filleted Accounts
31 January 2023
LV INDIA LTD
Registered number: 08385499
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 22,331 37,328
Current assets
Debtors 4 2,161 10,463
Cash at bank and in hand 1,034,336 867,391
1,036,497 877,854
Creditors: amounts falling due within one year 5 (188,945) (153,457)
Net current assets 847,552 724,397
Net assets 869,883 761,725
Capital and reserves
Called up share capital 100 100
Profit and loss account 869,783 761,625
Shareholders' funds 869,883 761,725
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Taj Uddin
Director
Approved by the board on 13 October 2023
LV INDIA LTD
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Motor vehicles over 4 years
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 9 8
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2022 61,104 31,340 92,444
At 31 January 2023 61,104 31,340 92,444
Depreciation
At 1 February 2022 42,709 12,407 55,116
Charge for the year 8,686 6,311 14,997
At 31 January 2023 51,395 18,718 70,113
Net book value
At 31 January 2023 9,709 12,622 22,331
At 31 January 2022 18,395 18,933 37,328
4 Debtors 2023 2022
£ £
Trade debtors 2,161 10,463
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 16,396 11,198
Taxation and social security costs 101,736 91,281
Other creditors 70,813 50,978
188,945 153,457
6 Other information
LV INDIA LTD is a private company limited by shares and incorporated in England. Its registered office is:
56 Leman Street
London
E1 8EU
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