Company registration number 10623662 (England and Wales)
THE LETTINGS & SALES AGENTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
THE LETTINGS & SALES AGENTS LTD
COMPANY INFORMATION
Director
Mrs P Johal
Company number
10623662
Registered office
69a Darlington Street
Wolverhampton
WV1 4LY
Accountants
Crossley Financial Accounting
Star House
Star Hill
Rochester
Kent
ME1 1UX
THE LETTINGS & SALES AGENTS LTD
CONTENTS
Page
Accountants' report
1
Statement of financial position and notes to the financial statements
2 - 3
THE LETTINGS & SALES AGENTS LTD
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE LETTINGS & SALES AGENTS LTD FOR THE YEAR ENDED 28 FEBRUARY 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Lettings & Sales Agents Ltd for the year ended 28 February 2023, which comprise the statement of financial position, from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation

This report is made solely to the board of directors of The Lettings & Sales Agents Ltd, as a body, in accordance with the terms of our engagement letter dated 24 May 2018. Our work has been undertaken solely to prepare for your approval the financial statements of The Lettings & Sales Agents Ltd and state those matters that we have agreed to state to the board of directors of The Lettings & Sales Agents Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Lettings & Sales Agents Ltd and its board of directors as a body, for our work or for this report.

It is your duty to ensure that The Lettings & Sales Agents Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Lettings & Sales Agents Ltd. You consider that The Lettings & Sales Agents Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Lettings & Sales Agents Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Crossley Financial Accounting
29 November 2023
Chartered Accountants
Star House
Star Hill
Rochester
Kent
ME1 1UX
THE LETTINGS & SALES AGENTS LTD
STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023
28 February 2023
- 2 -
2023
2022
£
£
£
£
Fixed assets
9,458
19,834
Current assets
479,360
283,887
Creditors: amounts falling due within one year
(202,509)
(109,618)
Net current assets
276,851
174,269
Total assets less current liabilities
286,309
194,103
Creditors: amounts falling due after more than one year
(74,446)
(33,206)
Net assets
211,863
160,897
Capital and reserves
211,863
160,897
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees

During the year, the following transactions took place with the director:

 

Advances to the director of £126,736 (2022 - £91,505)

Repayments to the company of £139,864 (2022 - £10,015)

 

As at 28 February 2023 £180,026 (2022 - £193,154) was due from the director.

 

The loans were interest free and are repayable on demand.

2
Financial commitments, guarantees and contingencies

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases was £21,421 (2022 - £30,376).

3
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2023
2022
Number
Number
Employees
5
5
THE LETTINGS & SALES AGENTS LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2023
28 February 2023
- 3 -

The Lettings & Sales Agents Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 69a Darlington Street, Wolverhampton, WV1 4LY.

For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 28 November 2023
Mrs P  Johal
Director
Company registration number 10623662 (England and Wales)
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