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Company Registration No. 13399748 (England and Wales)
LSFU LTD Unaudited accounts for the year ended 31 May 2023
LSFU LTD Unaudited accounts Contents
Page
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LSFU LTD Company Information for the year ended 31 May 2023
Director
SHAT, Fouad, Dr
Company Number
13399748 (England and Wales)
Registered Office
FLAT 15 THE GRANGE THE KNOLL LONDON W13 8JJ ENGLAND
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LSFU LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
1 
1 
Fixed assets
Tangible assets
6,792 
- 
Current assets
Inventories
74,389 
- 
Debtors
44,160 
- 
Cash at bank and in hand
22,861 
- 
141,410 
- 
Creditors: amounts falling due within one year
(145,446)
- 
Net current liabilities
(4,036)
- 
Net assets
2,757 
1 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,756 
- 
Shareholders' funds
2,757 
1 
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 9 November 2023 and were signed on its behalf by
SHAT, Fouad, Dr Director Company Registration No. 13399748
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LSFU LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
LSFU LTD is a private company, limited by shares, registered in England and Wales, registration number 13399748. The registered office is FLAT 15 THE GRANGE, THE KNOLL, LONDON, W13 8JJ, ENGLAND.
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 31 May 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 14 May 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.
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% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
- 
- 
- 
Additions
6,889 
1,998 
8,887 
At 31 May 2023
6,889 
1,998 
8,887 
Depreciation
Charge for the year
1,595 
500 
2,095 
At 31 May 2023
1,595 
500 
2,095 
Net book value
At 31 May 2023
5,294 
1,498 
6,792 
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LSFU LTD Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
39,153 
- 
Amounts falling due after more than one year
Other debtors
5,007 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
11,763 
- 
Taxes and social security
74 
- 
Other creditors
8,106 
- 
Loans from directors
69,734 
- 
Accruals
3,769 
- 
Deferred income
52,000 
- 
145,446 
- 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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