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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
Page
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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
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LS CITY SHOP LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
7,791 
8,904 
Tangible assets
24,434 
28,746 
32,225 
37,650 
Current assets
Inventories
635 
635 
Cash at bank and in hand
38,535 
30,861 
39,170 
31,496 
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)
Net assets
23,172 
15,976 
Capital and reserves
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
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LS CITY SHOP LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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LS CITY SHOP LTD Notes to the Accounts for the year ended 28 February 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
11,130 
At 28 February 2023
11,130 
Amortisation
At 1 March 2022
2,226 
Charge for the year
1,113 
At 28 February 2023
3,339 
Net book value
At 28 February 2023
7,791 
At 28 February 2022
8,904 
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2022
39,722 
At 28 February 2023
39,722 
Depreciation
At 1 March 2022
10,976 
Charge for the year
4,312 
At 28 February 2023
15,288 
Net book value
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 
Accruals
600 
520 
43,580 
48,901 
7
Average number of employees
During the year the average number of employees was 4 (2022: 3).
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