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Company Registration No. 07210713 (England and Wales)
Lion Heart Herbs Limited Unaudited accounts for the year ended 31 March 2024
Lion Heart Herbs Limited Unaudited accounts Contents
Page
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Lion Heart Herbs Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
152 
203 
Investments
45,000 
45,000 
45,152 
45,203 
Current assets
Debtors
200,444 
200,165 
Cash at bank and in hand
8,370 
11,365 
208,814 
211,530 
Creditors: amounts falling due within one year
(10,380)
(18,104)
Net current assets
198,434 
193,426 
Net assets
243,586 
238,629 
Capital and reserves
Called up share capital
222 
222 
Share premium
14,000 
14,000 
Profit and loss account
229,364 
224,407 
Shareholders' funds
243,586 
238,629 
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 directors acknowledge their 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 of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by
Mr E Robinson Director Company Registration No. 07210713
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Lion Heart Herbs Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Lion Heart Herbs Limited is a private company, limited by shares, registered in England and Wales, registration number 07210713. The registered office is 128 City Road, London, EC1V 2NX.
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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
3,358 
At 31 March 2024
3,358 
Depreciation
At 1 April 2023
3,155 
Charge for the year
51 
At 31 March 2024
3,206 
Net book value
At 31 March 2024
152 
At 31 March 2023
203 
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Lion Heart Herbs Limited Notes to the Accounts for the year ended 31 March 2024
5
Investments
Other investments 
£ 
Valuation at 1 April 2023
45,000 
Valuation at 31 March 2024
45,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
200,444 
200,165 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
5,745 
12,489 
Taxes and social security
1,175 
1,070 
Other creditors
3,460 
4,545 
10,380 
18,104 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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