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Company Registration No. 12160382 (England and Wales)
LS Automotive Ltd Unaudited accounts for the year ended 31 August 2023
LS Automotive Ltd Unaudited accounts Contents
Page
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LS Automotive Ltd Company Information for the year ended 31 August 2023
Directors
Lucas Da Silva Ellen Silva
Company Number
12160382 (England and Wales)
Registered Office
9 Dereham Road Norwich NR2 4HX
Accountants
Accounts On Us Ltd Suite 5, Crowood House Gipsy Lane Swindon Wilts SN2 8YY
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LS Automotive Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,994 
878 
Current assets
Inventories
442,173 
167,966 
Debtors
4,966 
573 
Cash at bank and in hand
33,258 
16,880 
480,397 
185,419 
Creditors: amounts falling due within one year
(565,731)
(260,997)
Net current liabilities
(85,334)
(75,578)
Total assets less current liabilities
(83,340)
(74,700)
Creditors: amounts falling due after more than one year
(25,293)
(36,117)
Net liabilities
(108,633)
(110,817)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(108,635)
(110,819)
Shareholders' funds
(108,633)
(110,817)
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by
Lucas Da Silva Director Company Registration No. 12160382
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LS Automotive Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
LS Automotive Ltd is a private company, limited by shares, registered in England and Wales, registration number 12160382. The registered office is 9 Dereham Road, Norwich, NR2 4HX.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2022
1,068 
159 
- 
1,227 
Additions
410 
- 
1,131 
1,541 
At 31 August 2023
1,478 
159 
1,131 
2,768 
Depreciation
At 1 September 2022
342 
7 
- 
349 
Charge for the year
199 
38 
188 
425 
At 31 August 2023
541 
45 
188 
774 
Net book value
At 31 August 2023
937 
114 
943 
1,994 
At 31 August 2022
726 
152 
- 
878 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,966 
573 
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LS Automotive Ltd Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
20,278 
3,209 
Trade creditors
543,721 
249,082 
Taxes and social security
200 
- 
Other creditors
- 
4,527 
Loans from directors
- 
2,811 
Accruals
1,532 
1,368 
565,731 
260,997 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
25,293 
36,117 
8
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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