L&C 88 LIMITED |
Notes to the Accounts |
for the year ended 31 August 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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Turnover represents the sales to customers excluding Value Added Tax. |
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Stocks |
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Stock is valued at the lower of cost and net realisable value. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
10 |
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13 |
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3 |
Debtors |
2023 |
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2022 |
£ |
£ |
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Trade debtors |
371 |
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- |
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4 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
£ |
£ |
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Trade creditors |
18,097 |
|
29,764 |
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Taxation and social security costs |
41,096 |
|
41,771 |
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Other creditors |
52,985 |
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47,351 |
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112,178 |
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118,886 |
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5 |
Other information |
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L&C 88 LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
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454 Ewell Road |
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Surbiton |
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Surrey |
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KT6 7EL |