REGISTERED NUMBER: |
Financial Statements |
for the Period |
30 May 2022 to 28 May 2023 |
for |
LARKBRACE LIMITED |
REGISTERED NUMBER: |
Financial Statements |
for the Period |
30 May 2022 to 28 May 2023 |
for |
LARKBRACE LIMITED |
LARKBRACE LIMITED (REGISTERED NUMBER: 01990954) |
Contents of the Financial Statements |
for the Period 30 May 2022 to 28 May 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
LARKBRACE LIMITED |
Company Information |
for the Period 30 May 2022 to 28 May 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
143 Station Road |
Hampton |
Middlesex |
TW12 2AL |
LARKBRACE LIMITED (REGISTERED NUMBER: 01990954) |
Statement of Financial Position |
28 May 2023 |
28.5.23 | 29.5.22 |
Notes | £ | £ |
FIXED ASSETS |
Tangible fixed assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
LARKBRACE LIMITED (REGISTERED NUMBER: 01990954) |
Statement of Financial Position - continued |
28 May 2023 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
LARKBRACE LIMITED (REGISTERED NUMBER: 01990954) |
Notes to the Financial Statements |
for the Period 30 May 2022 to 28 May 2023 |
1. | STATUTORY INFORMATION |
Larkbrace Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Freehold property | - |
Short leasehold property | - |
Plant and machinery | - |
Furniture, fittings & office equipment | - |
Website | - |
The carrying values of tangible fixed assets are reviewed for impairment when events or changes of circumstances indicate the carrying values may not be recoverable. |
Stocks |
Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition. |
Net realisable value is based on estimated selling price less any further costs expected to be incurred. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
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. |
LARKBRACE LIMITED (REGISTERED NUMBER: 01990954) |
Notes to the Financial Statements - continued |
for the Period 30 May 2022 to 28 May 2023 |
2. | ACCOUNTING POLICIES - continued |
Foreign currencies |
Transactions in foreign currencies are initially recorded in the entity's functional currency by applying the spot exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the income statement. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Short |
Freehold | leasehold | Plant and |
property | property | machinery |
£ | £ | £ |
COST |
At 30 May 2022 |
Additions |
Disposals | ( |
) | ( |
) |
At 28 May 2023 |
DEPRECIATION |
At 30 May 2022 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) |
At 28 May 2023 |
NET BOOK VALUE |
At 28 May 2023 |
At 29 May 2022 |
LARKBRACE LIMITED (REGISTERED NUMBER: 01990954) |
Notes to the Financial Statements - continued |
for the Period 30 May 2022 to 28 May 2023 |
4. | TANGIBLE FIXED ASSETS - continued |
Furniture, |
fittings |
& office |
equipment | Website | Totals |
£ | £ | £ |
COST |
At 30 May 2022 |
Additions |
Disposals | ( |
) | ( |
) |
At 28 May 2023 |
DEPRECIATION |
At 30 May 2022 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) |
At 28 May 2023 |
NET BOOK VALUE |
At 28 May 2023 |
At 29 May 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.5.23 | 29.5.22 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.5.23 | 29.5.22 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28.5.23 | 29.5.22 |
value: | £ | £ |
Ordinary | £1 | 62,000 | 62,000 |
"A" Ordinary | £1 | 31,000 | 31,000 |
"B" Ordinary | £1 | 7,500 | 7,500 |
"C" Ordinary | £1 | 54,500 | 54,500 |
155,000 | 155,000 |