Registered number
12145647
L&C 88 LIMITED
Filleted Accounts
31 August 2023
L&C 88 LIMITED
Registered number: 12145647
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Current assets
Stocks 4,655 4,454
Debtors 3 371 -
Cash at bank and in hand 121,145 140,673
126,171 145,127
Creditors: amounts falling due within one year 4 (112,178) (118,886)
Net current assets 13,993 26,241
Net assets 13,993 26,241
Capital and reserves
Called up share capital 100 100
Profit and loss account 13,893 26,141
Shareholders' funds 13,993 26,241
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Ho
Director
Approved by the board on 8 April 2024
L&C 88 LIMITED
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the sales to customers excluding Value Added Tax.
Stocks
Stock is valued at the lower of cost and net realisable value.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 13
3 Debtors 2023 2022
£ £
Trade debtors 371 -
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 18,097 29,764
Taxation and social security costs 41,096 41,771
Other creditors 52,985 47,351
112,178 118,886
5 Other information
L&C 88 LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
454 Ewell Road
Surbiton
Surrey
KT6 7EL
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