Company Registration No. 11872800 (England and Wales)
L & S FINANCIALS LTD
Unaudited accounts
for the year ended 31 March 2023
L & S FINANCIALS LTD
Unaudited accounts
Contents
L & S FINANCIALS LTD
Company Information
for the year ended 31 March 2023
Director
ORONSAYE, Stephen
Company Number
11872800 (England and Wales)
Registered Office
1 TYNE CRESCENT
BEDFORD
MK41 7UJ
UNITED KINGDOM
Accountants
L&S Accounting Firm
2nd Floor Ebenezer House
2-10 St Johns Street
Bedford
MK42 0DH
L & S FINANCIALS LTD
Statement of financial position
as at 31 March 2023
Tangible assets
4,654
9,307
Cash at bank and in hand
770,253
232,562
Creditors: amounts falling due within one year
(782,918)
(250,482)
Net current liabilities
(12,665)
(17,920)
Net liabilities
(8,011)
(8,613)
Called up share capital
100
100
Profit and loss account
(8,111)
(8,713)
Shareholders' funds
(8,011)
(8,613)
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 July 2023 and were signed on its behalf by
ORONSAYE, Stephen
Director
Company Registration No. 11872800
L & S FINANCIALS LTD
Notes to the Accounts
for the year ended 31 March 2023
L & S FINANCIALS LTD is a private company, limited by shares, registered in England and Wales, registration number 11872800. The registered office is 1 TYNE CRESCENT, BEDFORD, MK41 7UJ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2023
2022
Trade creditors
57,657
64,428
Loans from directors
721,880
112,463
L & S FINANCIALS LTD
Notes to the Accounts
for the year ended 31 March 2023
6
Average number of employees
During the year the average number of employees was 98 (2022: 98).