1
01/08/2022
31/07/2023
2023-07-31
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No description of principal activities is disclosed
2022-08-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
10302037
2022-08-01
2023-07-31
10302037
2023-07-31
10302037
2022-07-31
10302037
2021-08-01
2022-07-31
10302037
2022-07-31
10302037
2021-07-31
10302037
bus:Director1
2022-08-01
2023-07-31
10302037
core:WithinOneYear
2023-07-31
10302037
core:WithinOneYear
2022-07-31
10302037
core:AfterOneYear
2023-07-31
10302037
core:UKTax
2022-08-01
2023-07-31
10302037
core:UKTax
2021-08-01
2022-07-31
10302037
core:ShareCapital
2023-07-31
10302037
core:ShareCapital
2022-07-31
10302037
core:RetainedEarningsAccumulatedLosses
2023-07-31
10302037
core:RetainedEarningsAccumulatedLosses
2022-07-31
10302037
bus:Director1
2022-07-31
10302037
bus:Director1
2023-07-31
10302037
bus:Director1
2021-07-31
10302037
bus:Director1
2022-07-31
10302037
bus:Director1
2021-08-01
2022-07-31
10302037
bus:SmallEntities
2022-08-01
2023-07-31
10302037
bus:AuditExempt-NoAccountantsReport
2022-08-01
2023-07-31
10302037
bus:SmallCompaniesRegimeForAccounts
2022-08-01
2023-07-31
10302037
bus:PrivateLimitedCompanyLtd
2022-08-01
2023-07-31
10302037
bus:FullAccounts
2022-08-01
2023-07-31
Company registration number:
10302037
Le Automaton Limited
Pages for filing with Registrar
Le Automaton Limited
Contents
Statement of financial position
Notes to the financial statements
Le Automaton Limited
Statement of financial position
31 July 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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|
|
|
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|
|
|
Current assets |
|
|
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|
|
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Debtors |
|
6 |
16,242 |
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|
20,812 |
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|
Cash at bank and in hand |
|
|
540 |
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|
|
87 |
|
|
|
|
|
_______ |
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|
_______ |
|
|
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16,782 |
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|
20,899 |
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|
Creditors: amounts falling due |
|
|
|
|
|
|
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|
|
within one year |
|
7 |
(
51,684) |
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|
|
(
174,306) |
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|
|
|
|
_______ |
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|
_______ |
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Net current liabilities |
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|
(
34,902) |
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(
153,407) |
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|
_______ |
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_______ |
Total assets less current liabilities |
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(
34,902) |
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(
153,407) |
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Creditors: amounts falling due |
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after more than one year |
|
8 |
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|
(
155,577) |
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|
- |
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|
|
_______ |
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|
_______ |
Net liabilities |
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|
(
190,479) |
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|
(
153,407) |
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|
_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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1 |
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1 |
Profit and loss account |
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|
(
190,480) |
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|
(
153,408) |
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|
|
|
|
_______ |
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|
_______ |
Shareholder deficit |
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|
(
190,479) |
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|
(
153,407) |
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|
_______ |
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_______ |
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For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
22 March 2024
, and are signed on behalf of the board by:
Dr S Park
Director
Company registration number:
10302037
Le Automaton Limited
Notes to the financial statements
Year ended 31 July 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9 - 11 Standard Road, Studio 17 Standard Studios, London, NW10 6EX.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director of the company is satisfied that there are no material uncertainties concerning the company's ability to continue as a going concern for a period of at least 12 months from the date of approval of the financial statements. Accordingly, the financial statements continue to be prepared on the going concern basis.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Research and development
Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
5.
Tax on loss
Major components of tax income
|
|
|
2023 |
2022 |
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£ |
£ |
|
Current tax: |
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|
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UK current tax income |
|
(
2,770) |
(
9,001) |
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|
_______ |
_______ |
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Tax on loss |
|
(
2,770) |
(
9,001) |
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|
_______ |
_______ |
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6.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Other debtors |
|
16,242 |
20,812 |
|
|
|
_______ |
_______ |
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7.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
4,036 |
155,450 |
|
Trade creditors |
|
2,364 |
107 |
|
Social security and other taxes |
|
591 |
510 |
|
Other creditors |
|
44,693 |
18,239 |
|
|
|
_______ |
_______ |
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51,684 |
174,306 |
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|
_______ |
_______ |
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8.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
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£ |
£ |
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Other creditors |
|
155,577 |
- |
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_______ |
_______ |
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9.
Directors advances, credits and guarantees
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During the year the director entered into the following advances and credits with the company: |
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2023 |
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Balance brought forward |
Advances /(credits) to the director |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
|
|
|
Dr S Park |
(
16,009) |
(
27,110) |
650 |
(
42,469) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
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2022 |
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Balance brought forward |
Advances /(credits) to the director |
Amounts repaid |
Balance o/standing |
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|
|
|
£ |
£ |
£ |
£ |
|
|
|
Dr S Park |
9,452 |
(
38,618) |
13,157 |
(
16,009) |
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|
_______ |
_______ |
_______ |
_______ |
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The loan is interest free, unsecured and repayable on demand.