Company Registration No. 12445298 (England and Wales)
LS CITY SHOP LTD
Unaudited accounts
for the year ended 28 February 2023
LS CITY SHOP LTD
Unaudited accounts
Contents
LS CITY SHOP LTD
Company Information
for the year ended 28 February 2023
Directors
Rauf Khan Amir
Faridullah Amir
Nooria Jaje
Company Number
12445298 (England and Wales)
Registered Office
64A Harrogate Road
Leeds
LS7 4LA
Accountants
B Ram & Co Accountants Ltd
7 Idle Road
Bradford
BD2 4QA
LS CITY SHOP LTD
Statement of financial position
as at 28 February 2023
Intangible assets
7,791
8,904
Tangible assets
24,434
28,746
Cash at bank and in hand
38,535
30,861
Creditors: amounts falling due within one year
(43,580)
(48,901)
Net current liabilities
(4,410)
(17,405)
Total assets less current liabilities
27,815
20,245
Provisions for liabilities
Deferred tax
(4,643)
(4,269)
Called up share capital
4
4
Profit and loss account
23,168
15,972
Shareholders' funds
23,172
15,976
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2023 and were signed on its behalf by
Rauf Khan Amir
Director
Company Registration No. 12445298
LS CITY SHOP LTD
Notes to the Accounts
for the year ended 28 February 2023
LS CITY SHOP LTD is a private company, limited by shares, registered in England and Wales, registration number 12445298. The registered office is 64A Harrogate Road, Leeds, LS7 4LA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 28 February 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
LS CITY SHOP LTD
Notes to the Accounts
for the year ended 28 February 2023
4
Intangible fixed assets
Goodwill
At 28 February 2023
11,130
5
Tangible fixed assets
Fixtures & fittings
At 28 February 2023
39,722
At 28 February 2023
15,288
At 28 February 2023
24,434
At 28 February 2022
28,746
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
3,297
242
Other creditors
2,144
3,100
Loans from directors
37,539
45,039
7
Average number of employees
During the year the average number of employees was 4 (2022: 3).