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REGISTERED NUMBER: 07613344 (England and Wales)















Stephen Lawrence Ladieswear Limited

Unaudited Financial Statements

for the period

1 February 2022 to 30 April 2023






Stephen Lawrence Ladieswear Limited (Registered number: 07613344)

Contents of the Financial Statements
for the period 1 February 2022 to 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Stephen Lawrence Ladieswear Limited

Company Information
for the period 1 February 2022 to 30 April 2023







Directors: P Baldwinson
J Baldwinson
M L Grout-Smith





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 07613344 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Stephen Lawrence Ladieswear Limited (Registered number: 07613344)

Balance Sheet
30 April 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 56,250 75,000
Tangible assets 5 - -
56,250 75,000

Current assets
Stocks 138,720 110,993
Debtors 6 6,535 4,612
Cash at bank 303 32,086
145,558 147,691
Creditors
Amounts falling due within one year 7 111,737 110,722
Net current assets 33,821 36,969
Total assets less current liabilities 90,071 111,969

Creditors
Amounts falling due after more than one
year

8

21,365

35,108
Net assets 68,706 76,861

Capital and reserves
Called up share capital 9 250,000 250,000
Retained earnings 10 (181,294 ) (173,139 )
Shareholders' funds 68,706 76,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:



J Baldwinson - Director


Stephen Lawrence Ladieswear Limited (Registered number: 07613344)

Notes to the Financial Statements
for the period 1 February 2022 to 30 April 2023


1. Statutory information

Stephen Lawrence Ladieswear Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable for services provided in the year and is stated net of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business and is amortised evenly over its estimated useful life of 15 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

3. Employees and directors

The average number of employees during the period was 3 (2022 - 3 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1 February 2022
and 30 April 2023 250,000
Amortisation
At 1 February 2022 175,000
Amortisation for period 18,750
At 30 April 2023 193,750
Net book value
At 30 April 2023 56,250
At 31 January 2022 75,000

Stephen Lawrence Ladieswear Limited (Registered number: 07613344)

Notes to the Financial Statements - continued
for the period 1 February 2022 to 30 April 2023


5. Tangible fixed assets
Computer
equipment
£
Cost
At 1 February 2022
and 30 April 2023 1,327
Depreciation
At 1 February 2022
and 30 April 2023 1,327
Net book value
At 30 April 2023 -
At 31 January 2022 -

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 6,306 4,612
Other debtors 229 -
6,535 4,612

7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 43,778 7,782
Taxation and social security 3,577 11,063
Other creditors 54,382 81,877
111,737 110,722

8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 21,365 35,108

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
250,000 Ordinary shares £1 250,000 250,000

10. Reserves
Retained
earnings
£

At 1 February 2022 (173,139 )
Deficit for the period (8,155 )
At 30 April 2023 (181,294 )

Stephen Lawrence Ladieswear Limited (Registered number: 07613344)

Notes to the Financial Statements - continued
for the period 1 February 2022 to 30 April 2023


11. Related party disclosures

As at the balance sheet date a sum of £37,222 (2022:£65,017) was owed to the director. This amount is included in other creditors.

Included in other creditors is an amount of £12,720 (2022: £12,720) owed to Rabgrange Development Limited, a connected company.