Registered number
07452600
LOS-LAUNDERAMA LTD
Filleted Accounts
30 November 2023
LOS-LAUNDERAMA LTD
Registered number: 07452600
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,189 2,670
Current assets
Stocks 735 605
Debtors 4 - 303
Cash at bank and in hand 1,056 1,041
1,791 1,949
Creditors: amounts falling due within one year 5 (11,623) (11,321)
Net current liabilities (9,832) (9,372)
Total assets less current liabilities (7,643) (6,702)
Creditors: amounts falling due after more than one year 6 (51,772) (49,518)
Net liabilities (59,415) (56,220)
Capital and reserves
Called up share capital 100 100
Profit and loss account (59,515) (56,320)
Shareholders' funds (59,415) (56,220)
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.
Ms Sukran Kozoglu
Director
Approved by the board on 9 August 2024
LOS-LAUNDERAMA LTD
Notes to the Accounts
for the year ended 30 November 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 laundry services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, as follows;
Fix, fittings & equipment 18% reducing balance
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit. Corporation tax liability is not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fix, fittings & equipment
£
Cost
At 1 December 2022 22,955
At 30 November 2023 22,955
Depreciation
At 1 December 2022 20,285
Charge for the year 481
At 30 November 2023 20,766
Net book value
At 30 November 2023 2,189
At 30 November 2022 2,670
4 Debtors 2023 2022
£ £
Prepayments & other debtors - 303
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans 10,648 10,648
Accrued expenses & other creditors 975 673
11,623 11,321
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 32,872 33,742
Other creditors 18,900 15,776
51,772 49,518
7 Other information
LOS-LAUNDERAMA LTD is a private company limited by shares and incorporated in England. Its registered office is:
141 Leigh Road
Leigh-On-Sea
Essex
SS9 1JQ
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