L-Mart Korea Ltd
Registered number: 06812207
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 17,698 23,253
Creditors: amounts falling due within one year 4 (6,955) (7,365)
Net current assets 10,743 15,888
Total assets less current liabilities 10,743 15,888
Creditors: amounts falling due after more than one year 5 (20,390) (23,295)
Net liabilities (9,647) (7,407)
Capital and reserves
Called up share capital 100 100
Profit and loss account (9,747) (7,507)
Shareholder's funds (9,647) (7,407)
The directors are 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 directors acknowledge their 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.
W Lim
Director
Approved by the board on 21 August 2024
L-Mart Korea Ltd
Notes to the Accounts
for the year ended 29 February 2024
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).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - 1
3 Debtors 2024 2023
£ £
Other debtors 17,698 23,253
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,690 7,100
Other creditors 265 265
6,955 7,365
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 20,390 23,295
6 Other information
L-Mart Korea Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 41, Chessington Business Centre
37 Cox Lane
Chessington
Surrey
KT9 1SD
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