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Company Registration No. 13227624 (England and Wales)
LAUNDRYWORKS LIMITED Unaudited accounts for the year ended 28 February 2023
LAUNDRYWORKS LIMITED Unaudited accounts Contents
Page
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LAUNDRYWORKS LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
37,354 
42,194 
Current assets
Inventories
15,480 
- 
Debtors
- 
5,000 
Cash at bank and in hand
5,536 
(313)
21,016 
4,687 
Creditors: amounts falling due within one year
(48,199)
(41,350)
Net current liabilities
(27,183)
(36,663)
Net assets
10,171 
5,531 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
10,071 
5,431 
Shareholders' funds
10,171 
5,531 
For the year ending 28 February 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 her 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
Sadaf Latif Director Company Registration No. 13227624
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LAUNDRYWORKS LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
LAUNDRYWORKS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13227624. The registered office is Unit 3 Fourth Way, Wembley, Middlesex, HA9 0LH, 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
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.
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
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
52,743 
- 
52,743 
Additions
2,500 
1,999 
4,499 
At 28 February 2023
55,243 
1,999 
57,242 
Depreciation
At 1 March 2022
10,549 
- 
10,549 
Charge for the year
8,939 
400 
9,339 
At 28 February 2023
19,488 
400 
19,888 
Net book value
At 28 February 2023
35,755 
1,599 
37,354 
At 28 February 2022
42,194 
- 
42,194 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
5,000 
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LAUNDRYWORKS LIMITED Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,674 
2,299 
Taxes and social security
265 
1,805 
Other creditors
4,891 
11,905 
Loans from directors
39,369 
25,341 
48,199 
41,350 
7
Average number of employees
During the year the average number of employees was 6 (2022: 9).
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