Registered number
09432831
Louisa Bond Limited
Filleted Accounts
31 March 2023
Louisa Bond Limited
Registered number: 09432831
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 29,989 70,025
Creditors: amounts falling due within one year 3 (7,015) (25,676)
Net current assets 22,974 44,349
Net assets 22,974 44,349
Capital and reserves
Called up share capital 100 100
Profit and loss account 22,874 44,249
Shareholder's funds 22,974 44,349
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms L Bond
Director
Approved by the board on 12 September 2023
Louisa Bond Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The company will cease to trade after the year end and cannot be considered a going concern. There is no effect on the financial position in the 31 March 2023 accounts.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,500 1,500
Taxation and social security costs 3,196 8,684
Other creditors 2,319 15,492
7,015 25,676
4 Events after the reporting date
The company is expected to cease trading by 30 September 2023 and will apply for a strike off at Companies House.
5 Related party transactions
Ms L Bond is owed £2,319 for a director's loan to the company. The amount is interest free and repayable on demand.
6 Controlling party
Ms L Bond is the controlling party as she holds 100% of the shares.
7 Other information
Louisa Bond Limited is a private company limited by shares and incorporated in England. Its registered office is:
Stoneybridge House
Tywardreath
Par
Cornwall
PL24 2TY
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