Registered number
08258945
LA BELLA OT LIMITED
Filleted Accounts
31 October 2023
LA BELLA OT LIMITED
Registered number: 08258945
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Current assets
Stocks 7,500 20,000
Debtors 4 850 850
Cash at bank and in hand 4,357 6,004
12,707 26,854
Creditors: amounts falling due within one year 5 (8,943) (25,740)
Net current assets 3,764 1,114
Net assets 3,764 1,114
Capital and reserves
Called up share capital 2 2
Profit and loss account 3,762 1,112
Shareholder's funds 3,764 1,114
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 member has 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.
OSEREMEN EHIBHEJIMENTE
Director
Approved by the board on 26 July 2024
LA BELLA OT LIMITED
Notes to the Accounts
for the year ended 31 October 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixtures, fittings, tools and equipment
£
Cost
At 1 November 2022 5,869
At 31 October 2023 5,869
Depreciation
At 1 November 2022 5,869
At 31 October 2023 5,869
Net book value
At 31 October 2023 -
4 Debtors 2023 2022
£ £
Other debtors 850 850
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 546 411
Corporation tax 571 5,521
Other taxes and social security costs 223 129
Other creditors 7,603 19,679
8,943 25,740
6 Other information
LA BELLA OT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
36 THORNTON HEATH HIGH STREET
THORNTON HEATH
CROYDON
CR7 8LE
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