L5 EXECUTIVE SERVICES LTD

Company Registration Number:
08876449 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

L5 EXECUTIVE SERVICES LTD

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

L5 EXECUTIVE SERVICES LTD

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 21,405 24,215
Total fixed assets: 21,405 24,215
Current assets
Debtors:   23,220 27,660
Cash at bank and in hand: 149,827 189,907
Total current assets: 173,047 217,567
Creditors: amounts falling due within one year: 4 (56,881) (90,404)
Net current assets (liabilities): 116,166 127,163
Total assets less current liabilities: 137,571 151,378
Provision for liabilities: (1,705) (1,222)
Total net assets (liabilities): 135,866 150,156
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 135,766 150,056
Shareholders funds: 135,866 150,156

The notes form part of these financial statements

L5 EXECUTIVE SERVICES LTD

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 November 2023
and signed on behalf of the board by:

Name: Q C SOLT
Status: Director

The notes form part of these financial statements

L5 EXECUTIVE SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the value of professional services rendered during the year up to the balance sheet date in the course of the Company’s principal activity.

Tangible fixed assets and depreciation policy

Tangible fixed assets held for the company’s own use are stated at cost less accumulated depreciation and accumulated impairment losses.Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives as follows –Motor Vehicles – 25% on a reducing instalments basisComputer Equipment – 25% on a reducing instalments basisAt each balance sheet date, the company reviews the carrying value of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss.

Other accounting policies

Taxation:Taxation represents the sum of tax currently payable and deferred tax. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company’s accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.Debtors and Creditors Receivable/Payable Within One Year:Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

L5 EXECUTIVE SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 3 3

L5 EXECUTIVE SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 28,037
Additions 3,640
At 28 February 2023 31,677
Depreciation
At 01 March 2022 3,822
Charge for year 6,450
At 28 February 2023 10,272
Net book value
At 28 February 2023 21,405
At 28 February 2022 24,215

L5 EXECUTIVE SERVICES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

There are no secured creditors.