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REGISTERED NUMBER: 04544450 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR


LENVAL LIMITED


LENVAL LIMITED (REGISTERED NUMBER: 04544450)







CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024





Page



Company Information  

1



Chartered Certified Accountant's Report  

2



Balance Sheet  

3



Notes to the Financial Statements  

5




LENVAL LIMITED


COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2024









DIRECTORS:

K Turp


Mrs K Turp







SECRETARY:

Mrs K Turp







REGISTERED OFFICE:

Greenacres Farm


The Barn


Arterial Road


Stanford Le Hope


Essex


SS17 8PB







REGISTERED NUMBER:

04544450 (England and Wales)







ACCOUNTANT:

Courts & Co.


Lescott Courts Limited


Chartered Certified Accountants


49 High Street


Burnham on Crouch


Essex


CM0 8AG


CHARTERED CERTIFIED ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

LENVAL LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.


In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Lenval Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given me.


As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.  


This report is made solely to the Board of Directors of Lenval Limited, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Lenval Limited and state those matters that I have agreed to state to the Board of Directors of Lenval Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.      


It is your duty to ensure that Lenval Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lenval Limited. You consider that Lenval Limited is exempt from the statutory audit requirement for the year.  


I have not been instructed to carry out an audit or a review of the financial statements of Lenval Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.  







Courts & Co.

Lescott Courts Limited

Chartered Certified Accountants

49 High Street

Burnham on Crouch

Essex

CM0 8AG



13 August 2024


LENVAL LIMITED (REGISTERED NUMBER: 04544450)


BALANCE SHEET

31 MARCH 2024



2024

2023



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

288,220


264,298




CURRENT ASSETS

Stocks

75,385


53,261



Debtors

5

1,364,299


1,261,284



Cash at bank

186,288


321,818



1,625,972


1,636,363



CREDITORS

Amounts falling due within one year

6

277,846


400,891



NET CURRENT ASSETS

1,348,126


1,235,472



TOTAL ASSETS LESS CURRENT

LIABILITIES

1,636,346


1,499,770




PROVISIONS FOR LIABILITIES

72,055


51,493



NET ASSETS

1,564,291


1,448,277




CAPITAL AND RESERVES

Called up share capital

7

2,000


2,000



Capital redemption reserve

8

(134,000

)

(134,000

)


Retained earnings

8

1,696,291


1,580,277



SHAREHOLDERS' FUNDS

1,564,291


1,448,277




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.  


The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.


LENVAL LIMITED (REGISTERED NUMBER: 04544450)


BALANCE SHEET - continued

31 MARCH 2024



The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.  


In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.


The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:






Mrs K Turp - Director



LENVAL LIMITED (REGISTERED NUMBER: 04544450)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024


1.

STATUTORY INFORMATION



Lenval Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.


2.

ACCOUNTING POLICIES



Basis of preparing the financial statements


These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.    



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


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  


Plant and machinery etc

-

25% on reducing balance



Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.


Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.


LENVAL LIMITED (REGISTERED NUMBER: 04544450)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2024


2.

ACCOUNTING POLICIES - continued



Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 14 (2023 - 13 ) .


4.

TANGIBLE FIXED ASSETS


Plant and


machinery


etc

£   



COST


At 1 April 2023

483,931




Additions

54,746




Disposals

(36,940

)



At 31 March 2024

501,737




DEPRECIATION


At 1 April 2023

219,633




Charge for year

22,058




Eliminated on disposal

(28,174

)



At 31 March 2024

213,517




NET BOOK VALUE


At 31 March 2024

288,220




At 31 March 2023

264,298




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Trade debtors

591,360


950,610




Other debtors

772,939


310,674



1,364,299


1,261,284




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Trade creditors

114,741


227,361




Taxation and social security

67,424


110,247




Other creditors

95,681


63,283



277,846


400,891




LENVAL LIMITED (REGISTERED NUMBER: 04544450)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2024


7.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2024

2023



value:

£   

£   



1,000

Ordinary

1

1,000


1,000




1,000

Ordinary B

1

-


-




1,000

Ordinary C

1

1,000


1,000



2,000


2,000




8.

RESERVES


Capital



Retained


redemption



earnings


reserve


Totals

£   

£   

£   




At 1 April 2023

1,580,277


(134,000

)

1,446,277




Profit for the year

176,014


176,014




Dividends

(60,000

)

(60,000

)



At 31 March 2024

1,696,291


(134,000

)

1,562,291