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REGISTERED NUMBER: 08998570 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30th April 2024

for

The Laundry Basket (Hudds) Limited

The Laundry Basket (Hudds) Limited (Registered number: 08998570)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Laundry Basket (Hudds) Limited

Company Information
for the Year Ended 30th April 2024







DIRECTOR: Mrs A Lomax





REGISTERED OFFICE: 54 Turnshaw Avenue
Kirkburton
Huddersfield
HD8 0TJ





REGISTERED NUMBER: 08998570 (England and Wales)

The Laundry Basket (Hudds) Limited (Registered number: 08998570)

Balance Sheet
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,000 27,500
Tangible assets 5 17,715 18,907
42,715 46,407

CURRENT ASSETS
Stocks 300 350
Debtors 6 766 626
Cash at bank and in hand 114,475 102,860
115,541 103,836
CREDITORS
Amounts falling due within one year 7 21,831 23,676
NET CURRENT ASSETS 93,710 80,160
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,425

126,567

PROVISIONS FOR LIABILITIES 3,366 3,321
NET ASSETS 133,059 123,246

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 133,058 123,245
SHAREHOLDERS' FUNDS 133,059 123,246

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The Laundry Basket (Hudds) Limited (Registered number: 08998570)

Balance Sheet - continued
30th April 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 director and authorised for issue on 12th September 2024 and were signed by:





Mrs A Lomax - Director


The Laundry Basket (Hudds) Limited (Registered number: 08998570)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

The Laundry Basket (Hudds) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% 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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

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.


The Laundry Basket (Hudds) Limited (Registered number: 08998570)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

2. ACCOUNTING POLICIES - continued
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.

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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 50,000
AMORTISATION
At 1st May 2023 22,500
Charge for year 2,500
At 30th April 2024 25,000
NET BOOK VALUE
At 30th April 2024 25,000
At 30th April 2023 27,500

The Laundry Basket (Hudds) Limited (Registered number: 08998570)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023 48,243
Additions 1,944
At 30th April 2024 50,187
DEPRECIATION
At 1st May 2023 29,336
Charge for year 3,136
At 30th April 2024 32,472
NET BOOK VALUE
At 30th April 2024 17,715
At 30th April 2023 18,907

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 766 626

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 2,526 1,355
Taxation and social security 13,219 12,757
Other creditors 6,086 9,564
21,831 23,676

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 Ordinary £1 1 1

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs A Lomax.