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Registration number: 05754488

Lavigne Lonsdale Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Lavigne Lonsdale Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Financial Statements

5 to 7

 

Lavigne Lonsdale Limited

Company Information

Directors

Mr M C Lonsdale

Ms S B Lavigne

Company secretary

Ms S B Lavigne

Registered office

22 Lemon Street
Truro
Cornwall
TR1 2LS

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Lavigne Lonsdale Limited
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lavigne Lonsdale Limited for the year ended 31 March 2023 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Lavigne Lonsdale Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Lavigne Lonsdale Limited and state those matters that we have agreed to state to the Board of Directors of Lavigne Lonsdale Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lavigne Lonsdale Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Lavigne Lonsdale Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Lavigne Lonsdale Limited. You consider that Lavigne Lonsdale Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Lavigne Lonsdale Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

13 November 2023

 

Lavigne Lonsdale Limited

(Registration number: 05754488)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

14,967

15,100

Current assets

 

Stocks

5

32,515

48,500

Debtors

6

230,375

188,697

Cash at bank and in hand

 

276,540

168,532

 

539,430

405,729

Creditors: Amounts falling due within one year

7

(193,308)

(166,609)

Net current assets

 

346,122

239,120

Total assets less current liabilities

 

361,089

254,220

Creditors: Amounts falling due after more than one year

7

(21,741)

(31,659)

Provisions for liabilities

(3,741)

-

Net assets

 

335,607

222,561

Capital and reserves

 

Called up share capital

205

205

Retained earnings

335,402

222,356

Shareholders' funds

 

335,607

222,561

 

Lavigne Lonsdale Limited

(Registration number: 05754488)
Balance Sheet as at 31 March 2023

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 13 November 2023 and signed on its behalf by:
 

.........................................

Mr M C Lonsdale

Director

 

Lavigne Lonsdale Limited

Notes to the Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
22 Lemon Street
Truro
Cornwall
TR1 2LS

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance
These financial statements have been prepared using the historic cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Revenue recognition

Turnover comprises the fair value of the consideration received for the provision of architectural services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixture and fittings

25% reducing balance

Office equipment

25% reducing balance

Computer equipment

25% reducing balance

Motor vehicles

25% reducing balance

 

Lavigne Lonsdale Limited

Notes to the Financial Statements for the Year Ended 31 March 2023

Stocks

Work in progress is stated at the lower of the costs incurred to date, and the estimated chargeable value of the work done as at the balance sheet date.

The cost of work in progress comprises direct labour costs and those overheads that have been incurred in the course of this work. At each reporting date work in progress is assessed for impairment, to ensure the stated value is fully recoverable. If work in progress impaired, the carrying amount is reduced to its selling price less costs to complete; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2022 - 9).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2022

74,288

2,466

1,621

78,375

Additions

3,788

-

-

3,788

At 31 March 2023

78,076

2,466

1,621

82,163

Depreciation

At 1 April 2022

60,488

1,686

1,101

63,275

Charge for the year

3,596

195

130

3,921

At 31 March 2023

64,084

1,881

1,231

67,196

Carrying amount

At 31 March 2023

13,992

585

390

14,967

At 31 March 2022

13,800

780

520

15,100

5

Stocks

2023
£

2022
£

Work in progress

32,515

48,500

 

Lavigne Lonsdale Limited

Notes to the Financial Statements for the Year Ended 31 March 2023

6

Debtors

2023
£

2022
£

Trade debtors

125,800

101,948

Prepayments

19,831

9,435

Other debtors

84,744

77,314

230,375

188,697

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

10,648

10,648

Trade creditors

 

31,379

33,325

Taxation and social security

 

118,098

57,924

Accruals and deferred income

 

5,680

4,779

Other creditors

 

27,503

59,933

 

193,308

166,609

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

21,741

31,659

8

Related party transactions

During the year the company advanced £112,804 to a director, who made repayments of £94,998. At the end of the year £84,744 (2022: £65,218) was owed to the company. Interest has been charged on the outstanding balance at the HMRC standard rate. This loan is repayable on demand.