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
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
LS Automotive Ltd
Statement of financial position
as at 31 August 2023
Inventories
442,173
167,966
Cash at bank and in hand
33,258
16,880
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)
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
LS Automotive Ltd
Notes to the Accounts
for the year ended 31 August 2023
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.
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:
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
At 1 September 2022
342
7
-
349
Charge for the year
199
38
188
425
At 31 August 2023
541
45
188
774
At 31 August 2023
937
114
943
1,994
At 31 August 2022
726
152
-
878
Amounts falling due within one year
LS Automotive Ltd
Notes to the Accounts
for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
543,721
249,082
Taxes and social security
200
-
Loans from directors
-
2,811
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 1).