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COMPANY REGISTRATION NUMBER: 13953524
LAUREN LIOTTI LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2023
LAUREN LIOTTI LIMITED
FINANCIAL STATEMENTS
PERIOD FROM 4 MARCH 2022 TO 31 MARCH 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
LAUREN LIOTTI LIMITED
BALANCE SHEET
31 March 2023
31 Mar 23
Note
£
Fixed assets
Tangible assets
6
533
Current assets
Debtors
7
14,242
Cash at bank and in hand
6,783
------------
21,025
Creditors: amounts falling due within one year
8
( 11,818)
------------
Net current assets
9,207
------------
Total assets less current liabilities
9,740
------------
Capital and reserves
Called up share capital
9
100
Profit and loss account
9,640
------------
Shareholders funds
9,740
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 September 2023 , and are signed on behalf of the board by:
Ms L A Liotti
Director
Company registration number: 13953524
LAUREN LIOTTI LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 4 MARCH 2022 TO 31 MARCH 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Mullan House, Flat 4, 87 Nelson Street, London, E1 2DZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
33% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 .
5. Tax on profit
Major components of tax expense
Period from
4 Mar 22 to
31 Mar 23
£
Current tax:
UK current tax expense
10,223
------------
Tax on profit
10,223
------------
6. Tangible assets
Computer equipment
£
Cost
At 4 March 2022
Additions
800
------------
At 31 March 2023
800
------------
Depreciation
At 4 March 2022
Charge for the period
267
------------
At 31 March 2023
267
------------
Carrying amount
At 31 March 2023
533
------------
7. Debtors
31 Mar 23
£
Trade debtors
14,242
------------
8. Creditors: amounts falling due within one year
31 Mar 23
£
Corporation tax
10,223
Social security and other taxes
408
Director loan accounts
1,187
------------
11,818
------------
9. Called up share capital
Issued, called up and fully paid
31 Mar 23
No.
£
Ordinary shares of £ 1 each
100
100
------------
------------
10. Director's advances, credits and guarantees
Included in debtors is a loan to the director amounting to: £ Amount outstanding at end of the period (1,124) Amount outstanding at beginning of the period 1,187 Maximum outstanding during the period (1,124) The loan will was repaid in full on 30 September 2023.
11. Related party transactions
The company is controlled by the director.