Company registration number 08394485 (England and Wales)
LUAF LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
LUAF LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
LUAF LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
4
6,126
6,070
Cash at bank and in hand
75,068
82,545
81,194
88,615
Creditors: amounts falling due within one year
5
(81,193)
(88,614)
Net current assets
1
1
Capital and reserves
-
-
Called up share capital
6
1
1

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 16 October 2023 and are signed on its behalf by:
Lee Jenkins
Director
Company Registration No. 08394485
LUAF LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

LUAF Limited is a private company limited by shares incorporated in England and Wales. The registered office is 38 Strathern Drive, Coseley, Dudley, West Midlands, WV14 9HE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

1.5
Financial instruments

The following assets and liabilities are classified as financial instruments – debtors and creditors.

Debtors and creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

LUAF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.7
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of directors during the year was:

2023
2022
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 and 31 March 2023
10,319
Depreciation and impairment
At 1 April 2022 and 31 March 2023
10,319
Carrying amount
At 31 March 2023
-
0
At 31 March 2022
-
0
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
6,126
6,070
LUAF LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
80,442
87,976
Other creditors
751
638
81,193
88,614
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
22,500
13,500
2023-03-312022-04-01false16 October 2023CCH SoftwareCCH Accounts Production 2022.200No description of principal activityLee JenkinsRoslyne Bratt-WytonPauline Jenkins083944852022-04-012023-03-31083944852023-03-31083944852022-03-3108394485core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3108394485core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3108394485core:CurrentFinancialInstruments2023-03-3108394485core:CurrentFinancialInstruments2022-03-3108394485core:ShareCapital2023-03-3108394485core:ShareCapital2022-03-3108394485bus:Director12022-04-012023-03-3108394485core:MotorVehicles2022-04-012023-03-31083944852021-04-012022-03-3108394485core:OtherPropertyPlantEquipment2022-03-3108394485core:OtherPropertyPlantEquipment2023-03-3108394485core:OtherPropertyPlantEquipment2022-03-3108394485core:WithinOneYear2023-03-3108394485core:WithinOneYear2022-03-3108394485bus:PrivateLimitedCompanyLtd2022-04-012023-03-3108394485bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3108394485bus:FRS1022022-04-012023-03-3108394485bus:AuditExemptWithAccountantsReport2022-04-012023-03-3108394485bus:Director22022-04-012023-03-3108394485bus:Director32022-04-012023-03-3108394485bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP