Registered number
11943639
Le Sharoje Limited
Report and Financial Statements
30 April 2023
Le Sharoje Limited
Registered number: 11943639
Director's Report
The director presents his report and financial statements for the year ended 30 April 2023.
Principal activities
The company's principal activity during the period was online retail sales.
Directors
The following persons served as directors during the period :
Mr A A Beni
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 9 February 2024 and signed on its behalf.
Mr A A Beni
Director
Le Sharoje Limited
Profit and Loss Account
for the year ended 30 April 2023
2023 2022
£ £
Turnover 6,352,941 5,548,648
Cost of sales (4,435,711) (3,913,206)
Gross profit 1,917,230 1,635,442
Administrative expenses (1,317,865) (1,571,597)
Operating profit 599,365 63,845
Interest receivable 21 16
Interest payable (317) (276)
Profit on ordinary activities before taxation 599,069 63,585
Tax on profit on ordinary activities (716) (1,426)
Profit for the financial period 598,353 62,159
Le Sharoje Limited
Registered number: 11943639
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £ £ £
Fixed assets
Tangible assets 3 664,397 69,094
Current assets
Debtors 4 291,428 223,872
Cash at bank and in hand 8,625 36,037
300,053 259,909
Creditors: amounts falling due within one year 5 (177,581) (151,259)
Net current assets 122,472 108,650
Total assets less current liabilities 786,869 177,744
Creditors: amounts falling due after more than one year 6 (104,616) (93,844)
Net assets 682,253 83,900
Capital and reserves
Called up share capital 3 3
Profit and loss account 682,250 83,897
Shareholder's funds 682,253 83,900
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 his 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.
Mr A A Beni
Director
Approved by the board on 9 February 2024
Le Sharoje Limited
Notes to the Accounts
for the year ended 30 April 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).
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance basis
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 9 5
3 Tangible fixed assets
Plant and Machinery Total
£ £
Cost
At 1 May 2022 83,584 83,584
Additions 712,549 712,549
At 30 April 2023 796,133 796,133
Depreciation
At 1 May 2022 14,490 14,490
Charge for the year 117,246 117,246
At 30 April 2023 131,736 131,736
Net book value
At 30 April 2023 664,397 664,397
At 30 April 2022 69,094 69,094
4 Debtors 2023 2022
£ £
Trade debtors 289,476 221,683
Other debtors 1,952 2,189
291,428 223,872
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 155,429 129,163
Corporation tax 716 3,472
Other taxes and social security costs 13,574 11,181
Other creditors 7,862 7,443
177,581 151,259
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 104,616 93,844
104,616 93,844
7 Other information
Le Sharoje Limited is a private company limited by shares and incorporated in England. Its registered office is:
Flat B
24 Hanover Road
London
N15 4DL
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