LAVENDER RED LTD

Company Registration Number:
SC553072 (Scotland)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

LAVENDER RED LTD

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

LAVENDER RED LTD

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 50,000 50,000
Tangible assets: 4 466,377 462,284
Total fixed assets: 516,377 512,284
Current assets
Stocks: 7,000 7,000
Debtors: 5 3,230 1,776
Cash at bank and in hand: 31,119 67,001
Total current assets: 41,349 75,777
Creditors: amounts falling due within one year: 6 (304,818) (344,464)
Net current assets (liabilities): (263,469) (268,687)
Total assets less current liabilities: 252,908 243,597
Creditors: amounts falling due after more than one year: 7 (42,354) (49,074)
Total net assets (liabilities): 210,554 194,523
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 210,552 194,521
Shareholders funds: 210,554 194,523

The notes form part of these financial statements

LAVENDER RED 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 28 November 2023
and signed on behalf of the board by:

Name: B Masson
Status: Director

The notes form part of these financial statements

LAVENDER RED 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

LAVENDER RED LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 10 10

LAVENDER RED LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Intangible Assets

Total
Cost £
At 01 March 2022 75,000
At 28 February 2023 75,000
Amortisation
At 01 March 2022 25,000
At 28 February 2023 25,000
Net book value
At 28 February 2023 50,000
At 28 February 2022 50,000

LAVENDER RED LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Tangible Assets

Total
Cost £
At 01 March 2022 535,998
Additions 4,093
At 28 February 2023 540,091
Depreciation
At 01 March 2022 73,714
At 28 February 2023 73,714
Net book value
At 28 February 2023 466,377
At 28 February 2022 462,284

LAVENDER RED LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Debtors

Other debtors - £3,230 (2022 - £1,776)

LAVENDER RED LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

6. Creditors: amounts falling due within one year note

Hire purchase contracts - £Nil (2022 £2,221); Trade creditors - £10,014 (2022 - £14,356); Tax £13,127 (2022 - £20,625); Social security and other taxes - £1,968 (2022 - £1,062); VAT - £4,119 (2022 - Nil); Other creditors - £2,100 (2022 - £2,100); Directors current accounts - £273,490 (2022 - £304,100)

LAVENDER RED LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

7. Creditors: amounts falling due after more than one year note

Bank loans 2 - 5 years - £42,354 (2022 - £49,074)