Company Registration No. 09607983 (England and Wales)
LONDON SMOKE AND CURE LTD
Unaudited accounts
for the year ended 31 March 2024
LONDON SMOKE AND CURE LTD
Unaudited accounts
Contents
LONDON SMOKE AND CURE LTD
Company Information
for the year ended 31 March 2024
Company Number
09607983 (England and Wales)
Registered Office
5 STONEY LANE
LONDON
SE19 3BD
UNITED KINGDOM
Accountants
SyK Management Consulting Limited
2A Thornton Road
London
SW14 8NS
LONDON SMOKE AND CURE LTD
Statement of financial position
as at 31 March 2024
Tangible assets
8,971
6,879
Cash at bank and in hand
13,937
24,898
Creditors: amounts falling due within one year
(47,527)
(48,198)
Net current assets
15,813
8,982
Total assets less current liabilities
24,784
15,861
Creditors: amounts falling due after more than one year
(10,493)
(15,327)
Called up share capital
1
1
Profit and loss account
14,290
533
Shareholders' funds
14,291
534
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 August 2024 and were signed on its behalf by
Dr Ross Mitchell
Director
Company Registration No. 09607983
LONDON SMOKE AND CURE LTD
Notes to the Accounts
for the year ended 31 March 2024
LONDON SMOKE AND CURE LTD is a private company, limited by shares, registered in England and Wales, registration number 09607983. The registered office is 5 STONEY LANE, LONDON, SE19 3BD, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight line over 5 years
Motor vehicles
Straight line over 5 years
Fixtures & fittings
Straight line over 3 years
Computer equipment
Straight line over 3 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Expenditure on research and development is written off in the year in which it is incurred.
LONDON SMOKE AND CURE LTD
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
12,245
-
6,805
813
19,863
Additions
2,500
2,200
-
180
4,880
At 31 March 2024
14,745
2,200
6,805
993
24,743
At 1 April 2023
6,208
-
6,178
598
12,984
Charge for the year
2,122
-
429
237
2,788
At 31 March 2024
8,330
-
6,607
835
15,772
At 31 March 2024
6,415
2,200
198
158
8,971
At 31 March 2023
6,037
-
627
215
6,879
Finished goods
12,100
15,750
Amounts falling due within one year
Trade debtors
33,478
15,211
Accrued income and prepayments
1,487
1,321
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,000
6,000
Trade creditors
21,875
18,832
Taxes and social security
2,288
2,689
Other creditors
8,672
13,228
Loans from directors
6,292
4,765
8
Creditors: amounts falling due after more than one year
2024
2023
LONDON SMOKE AND CURE LTD
Notes to the Accounts
for the year ended 31 March 2024
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Operating lease commitments
2024
2023
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
5,000
-
Later than one year and not later than five years
11,671
-
11
Transactions with related parties
At the balance sheet date, the Company owed £6,292 to R Mitchell; a Director.
12
Average number of employees
During the year the average number of employees was 8 (2023: 5).