LATTY INTERNATIONAL LTD

Company Registration Number:
02574066 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

LATTY INTERNATIONAL LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

LATTY INTERNATIONAL LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 2,183 2,903
Total fixed assets: 2,183 2,903
Current assets
Stocks: 220,502 296,293
Debtors:   402,531 372,096
Cash at bank and in hand: 87,748 105,339
Total current assets: 710,781 773,728
Creditors: amounts falling due within one year:   (477,398) (508,223)
Net current assets (liabilities): 233,383 265,505
Total assets less current liabilities: 235,566 268,408
Creditors: amounts falling due after more than one year:   (106,731) (101,700)
Total net assets (liabilities): 128,835 166,708
Capital and reserves
Called up share capital: 100,000 100,000
Profit and loss account: 28,835 66,708
Shareholders funds: 128,835 166,708

The notes form part of these financial statements

LATTY INTERNATIONAL LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 January 2024
and signed on behalf of the board by:

Name: Mr C X LATTY
Status: Director

The notes form part of these financial statements

LATTY INTERNATIONAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible fixed assets and depreciation policy

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives as follows: Furniture, fittings, tools and equipment: 25% reducing balance,Computer equipment: 25% reducing balance basis.

Other accounting policies

STOCKS Stocks are stated at the lower of cost and estimated selling price less costs to compete and sell. Cost is determined using the first in, first out (FIFO) method.

LATTY INTERNATIONAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 7 6

LATTY INTERNATIONAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 18,275
At 31 December 2023 18,275
Depreciation
At 01 January 2023 15,372
Charge for year 720
At 31 December 2023 16,092
Net book value
At 31 December 2023 2,183
At 31 December 2022 2,903