Company Registration No. 12719587 (England and Wales)
LS NEWTOWN LTD
Unaudited accounts
for the year ended 31 July 2023
LS NEWTOWN LTD
Unaudited accounts
Contents
LS NEWTOWN LTD
Company Information
for the year ended 31 July 2023
Company Number
12719587 (England and Wales)
Registered Office
1-3 KING STREET
NEWTON ABBOT
TQ12 2LG
ENGLAND
LS NEWTOWN LTD
Statement of financial position
as at 31 July 2023
Tangible assets
2,424
3,169
Cash at bank and in hand
35,056
40,482
Creditors: amounts falling due within one year
(26,418)
(28,736)
Net current assets
13,289
15,212
Called up share capital
10
10
Profit and loss account
15,703
18,371
Shareholders' funds
15,713
18,381
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. 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 11 March 2024 and were signed on its behalf by
Buhui Ou
Director
Company Registration No. 12719587
LS NEWTOWN LTD
Notes to the Accounts
for the year ended 31 July 2023
LS NEWTOWN LTD is a private company, limited by shares, registered in England and Wales, registration number 12719587. The registered office is 1-3 KING STREET, NEWTON ABBOT, TQ12 2LG, ENGLAND.
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
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
649
1,824
1,959
4,432
At 31 July 2023
649
1,824
1,959
4,432
At 1 August 2022
130
709
424
1,263
Charge for the year
130
223
392
745
At 31 July 2023
260
932
816
2,008
At 31 July 2023
389
892
1,143
2,424
At 31 July 2022
519
1,115
1,535
3,169
Amounts falling due within one year
Accrued income and prepayments
300
-
LS NEWTOWN LTD
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
6,211
5,770
Proposed dividends
20,000
27,000
Loans from directors
(16,328)
(15,546)
7
Average number of employees
During the year the average number of employees was 5 (2022: 4).