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Company Registration No. 12160382 (England and Wales)
LS Automotive Ltd Unaudited accounts for the year ended 31 August 2022
LS Automotive Ltd Unaudited accounts Contents
Page
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LS Automotive Ltd Company Information for the year ended 31 August 2022
Directors
Lucas Da Silva Ellen Silva
Company Number
12160382 (England and Wales)
Registered Office
9 Dereham Road Norwich NR2 4HX
Accountants
Accounts On Us Ltd Suite 5, Crowood House Gipsy Lane Swindon Wilts SN2 8YY
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LS Automotive Ltd Statement of financial position as at 31 August 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
878 
968 
Current assets
Inventories
167,966 
73,115 
Debtors
573 
973 
Cash at bank and in hand
16,880 
50,024 
185,419 
124,112 
Creditors: amounts falling due within one year
(260,997)
(161,028)
Net current liabilities
(75,578)
(36,916)
Total assets less current liabilities
(74,700)
(35,948)
Creditors: amounts falling due after more than one year
(36,117)
(47,190)
Net liabilities
(110,817)
(83,138)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(110,819)
(83,140)
Shareholders' funds
(110,817)
(83,138)
For the year ending 31 August 2022 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 6 November 2023 and were signed on its behalf by
Lucas Da Silva Director Company Registration No. 12160382
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LS Automotive Ltd Notes to the Accounts for the year ended 31 August 2022
1
Statutory information
LS Automotive Ltd is a private company, limited by shares, registered in England and Wales, registration number 12160382. The registered office is 9 Dereham Road, Norwich, NR2 4HX.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2021
1,068 
- 
1,068 
Additions
- 
159 
159 
At 31 August 2022
1,068 
159 
1,227 
Depreciation
At 1 September 2021
100 
- 
100 
Charge for the year
242 
7 
249 
At 31 August 2022
342 
7 
349 
Net book value
At 31 August 2022
726 
152 
878 
At 31 August 2021
968 
- 
968 
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LS Automotive Ltd Notes to the Accounts for the year ended 31 August 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
573 
973 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
3,209 
325 
Trade creditors
249,082 
153,902 
Other creditors
4,527 
- 
Loans from directors
2,811 
5,577 
Accruals
1,368 
1,224 
260,997 
161,028 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
36,117 
47,190 
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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