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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
Page
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LONDON SMOKE AND CURE LTD Company Information for the year ended 31 March 2024
Director
Dr Ross Mitchell
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
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LONDON SMOKE AND CURE LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,971 
6,879 
Current assets
Inventories
12,100 
15,750 
Debtors
37,303 
16,532 
Cash at bank and in hand
13,937 
24,898 
63,340 
57,180 
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)
Net assets
14,291 
534 
Capital and reserves
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
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LONDON SMOKE AND CURE LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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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 
Depreciation
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 
Net book value
At 31 March 2024
6,415 
2,200 
198 
158 
8,971 
At 31 March 2023
6,037 
- 
627 
215 
6,879 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
12,100 
15,750 
12,100 
15,750 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,338 
- 
Trade debtors
33,478 
15,211 
Accrued income and prepayments
1,487 
1,321 
37,303 
16,532 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,000 
6,000 
VAT
- 
284 
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 
Accruals
2,400 
2,400 
47,527 
48,198 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,493 
15,327 
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LONDON SMOKE AND CURE LTD Notes to the Accounts for the year ended 31 March 2024
9
Share capital
2024 
2023 
£ 
£ 
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 
- 
16,671 
- 
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).
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