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REGISTERED NUMBER: 01990954 (England and Wales)




















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: N Platts-Martin
R B Poole





SECRETARY: N Platts-Martin





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 01990954 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
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 1,182,193 1,278,654

CURRENT ASSETS
Stocks 718,040 705,144
Debtors 5 96,214 131,458
Cash at bank and in hand 740,878 1,035,690
1,555,132 1,872,292
CREDITORS
Amounts falling due within one year 6 (1,176,568 ) (1,512,974 )
NET CURRENT ASSETS 378,564 359,318
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,560,757

1,637,972

PROVISIONS FOR LIABILITIES (22,548 ) (23,000 )
NET ASSETS 1,538,209 1,614,972

CAPITAL AND RESERVES
Called up share capital 7 155,000 155,000
Retained earnings 1,383,209 1,459,972
SHAREHOLDERS' FUNDS 1,538,209 1,614,972

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 May 2023 in accordance with Section 476 of the Companies Act 2006.

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


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 23 February 2024 and were signed on its behalf by:





N Platts-Martin - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 20 years
Short leasehold property - in accordance with the property leases
Plant and machinery - 15% on cost
Furniture, fittings & office equipment - 20% on cost and Straight line over 3 years
Website - 50% on cost

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 65 (2022 - 78 ) .

4. TANGIBLE FIXED ASSETS
Short
Freehold leasehold Plant and
property property machinery
£    £    £   
COST
At 30 May 2022 1,200,832 813,629 949,665
Additions - - 13,189
Disposals - (262,192 ) (410,100 )
At 28 May 2023 1,200,832 551,437 552,754
DEPRECIATION
At 30 May 2022 179,469 638,534 907,798
Charge for period 60,042 23,518 12,861
Eliminated on disposal - (262,192 ) (400,809 )
At 28 May 2023 239,511 399,860 519,850
NET BOOK VALUE
At 28 May 2023 961,321 151,577 32,904
At 29 May 2022 1,021,363 175,095 41,867

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 512,762 6,482 3,483,370
Additions 9,865 - 23,054
Disposals (177,527 ) - (849,819 )
At 28 May 2023 345,100 6,482 2,656,605
DEPRECIATION
At 30 May 2022 472,433 6,482 2,204,716
Charge for period 13,803 - 110,224
Eliminated on disposal (177,527 ) - (840,528 )
At 28 May 2023 308,709 6,482 1,474,412
NET BOOK VALUE
At 28 May 2023 36,391 - 1,182,193
At 29 May 2022 40,329 - 1,278,654

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.5.23 29.5.22
£    £   
Trade debtors 52,241 62,242
Other debtors 43,973 69,216
96,214 131,458

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.5.23 29.5.22
£    £   
Trade creditors 455,188 411,368
Taxation and social security 513,638 713,912
Other creditors 207,742 387,694
1,176,568 1,512,974

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.5.23 29.5.22
value: £    £   
62,000 Ordinary £1 62,000 62,000
31,000 "A" Ordinary £1 31,000 31,000
7,500 "B" Ordinary £1 7,500 7,500
54,500 "C" Ordinary £1 54,500 54,500
155,000 155,000