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REGISTERED NUMBER: 07499523 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

LE COUNT ASSOCIATES LTD

LE COUNT ASSOCIATES LTD (REGISTERED NUMBER: 07499523)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LE COUNT ASSOCIATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr A W Pieterse
Mrs A J Pieterse



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 07499523 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: HSBC
129 Bond Street
London
W1S1EA

LE COUNT ASSOCIATES LTD (REGISTERED NUMBER: 07499523)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 699 1,129

CURRENT ASSETS
Debtors 5 26,578 12,061
Cash at bank 184,990 317,674
211,568 329,735
CREDITORS
Amounts falling due within one year 6 105,429 199,786
NET CURRENT ASSETS 106,139 129,949
TOTAL ASSETS LESS CURRENT LIABILITIES 106,838 131,078

PROVISIONS FOR LIABILITIES 133 215
NET ASSETS 106,705 130,863

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 106,605 130,763
SHAREHOLDERS' FUNDS 106,705 130,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

LE COUNT ASSOCIATES LTD (REGISTERED NUMBER: 07499523)

BALANCE SHEET - continued
31 JANUARY 2024


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 31 March 2024 and were signed on its behalf by:




Mr A W Pieterse - Director



Mrs A J Pieterse - Director


LE COUNT ASSOCIATES LTD (REGISTERED NUMBER: 07499523)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Le Count Associates Ltd 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.
Computer equipment - 25% on cost

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

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 year was NIL (2023 - NIL).

LE COUNT ASSOCIATES LTD (REGISTERED NUMBER: 07499523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023 2,200
Additions 160
At 31 January 2024 2,360
DEPRECIATION
At 1 February 2023 1,071
Charge for year 590
At 31 January 2024 1,661
NET BOOK VALUE
At 31 January 2024 699
At 31 January 2023 1,129

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,680 10,800
Prepayments 898 1,261
26,578 12,061

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 6,363 31,425
Social security and other taxes 38 -
VAT 2,780 5,448
Directors' current accounts 96,230 162,898
Accrued expenses 18 15
105,429 199,786

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr A W Pieterse
Balance outstanding at start of year (81,449 ) (32,937 )
Amounts advanced 58,818 37,149
Amounts repaid (25,484 ) (85,661 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (48,115 ) (81,449 )

LE COUNT ASSOCIATES LTD (REGISTERED NUMBER: 07499523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs A J Pieterse
Balance outstanding at start of year (81,450 ) (32,937 )
Amounts advanced 58,819 37,148
Amounts repaid (25,484 ) (85,661 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (48,115 ) (81,450 )

Loans are unsecured, interest free and repayable on demand.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £50,000 (2023 - £169,112) were paid to the directors .

Use of Home

During the year, the company rented the directors personal residence under a Licence to Occupy agreement for £968 (2023: £1,620) .