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REGISTERED NUMBER: 11779280 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

LONDON & HERTS LTD

LONDON & HERTS LTD (REGISTERED NUMBER: 11779280)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LONDON & HERTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTOR: P Smith





REGISTERED OFFICE: C/O Pentagon Paint & Body Ltd
142-146 Great North Road
Hatfield
Hertfordshire
AL9 5JN





REGISTERED NUMBER: 11779280 (England and Wales)





ACCOUNTANTS: Avraam Associates Limited
Chartered Accountants
495 Green Lanes
London
N13 4BS

LONDON & HERTS LTD (REGISTERED NUMBER: 11779280)

BALANCE SHEET
31ST JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,748 15,931

CURRENT ASSETS
Stocks 262,810 855,385
Debtors 5 322,151 9,646
Cash at bank 1,570,365 53,031
2,155,326 918,062
CREDITORS
Amounts falling due within one year 6 1,413,151 567,238
NET CURRENT ASSETS 742,175 350,824
TOTAL ASSETS LESS CURRENT LIABILITIES 796,923 366,755

PROVISIONS FOR LIABILITIES 7 13,687 3,027
NET ASSETS 783,236 363,728

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 783,136 363,628
SHAREHOLDERS' FUNDS 783,236 363,728

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 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.

LONDON & HERTS LTD (REGISTERED NUMBER: 11779280)

BALANCE SHEET - continued
31ST JANUARY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th October 2023 and were signed by:





P Smith - Director


LONDON & HERTS LTD (REGISTERED NUMBER: 11779280)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023

1. STATUTORY INFORMATION

London & Herts 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

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.

3. EMPLOYEES AND DIRECTORS

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

LONDON & HERTS LTD (REGISTERED NUMBER: 11779280)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2022 15,931
Additions 73,214
Disposals (26,250 )
At 31st January 2023 62,895
DEPRECIATION
Charge for year 8,147
At 31st January 2023 8,147
NET BOOK VALUE
At 31st January 2023 54,748
At 31st January 2022 15,931

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 322,151 9,646

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,320 16,139
Taxation and social security 145,581 89,849
Other creditors 1,264,250 461,250
1,413,151 567,238

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 13,687 3,027

Deferred
tax
£   
Balance at 1st February 2022 3,027
Charge to Income Statement during year 10,660
Balance at 31st January 2023 13,687

LONDON & HERTS LTD (REGISTERED NUMBER: 11779280)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

Ultimate controlling party is Mr P Smith by virtue of his shareholding in London & Herts Holdings Ltd, the ultimate parent company.