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REGISTERED NUMBER: 14530537 (England and Wales)















Unaudited Financial Statements

for the Period 8 December 2022 to 31 December 2023

for

Lexy London Limited

Lexy London Limited (Registered number: 14530537)






Contents of the Financial Statements
for the Period 8 December 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lexy London Limited

Company Information
for the Period 8 December 2022 to 31 December 2023







DIRECTOR: Mrs E Wiggin





REGISTERED OFFICE: 63 Bermondsey Street
London
SE1 3XF





REGISTERED NUMBER: 14530537 (England and Wales)





ACCOUNTANTS: Dragon Argent Limited
63 Bermondsey Street
London
SE1 3XF

Lexy London Limited (Registered number: 14530537)

Balance Sheet
31 December 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 2,627

CURRENT ASSETS
Stocks 87,000
Debtors 5 7,208
Cash at bank 145,366
239,574
CREDITORS
Amounts falling due within one year 6 187,050
NET CURRENT ASSETS 52,524
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,151

CAPITAL AND RESERVES
Called up share capital 10
Retained earnings 55,141
55,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 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 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 24 September 2024 and were signed by:





Mrs E Wiggin - Director


Lexy London Limited (Registered number: 14530537)

Notes to the Financial Statements
for the Period 8 December 2022 to 31 December 2023

1. STATUTORY INFORMATION

Lexy London 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.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of deprecation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 20% on cost

At each reporting period end date, the group reviews the carrying amount of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recoverable amount is the higher of the fair value less costs to sell and the value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimate of the future cash flows have not been adjusted.

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 period 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.


Lexy London Limited (Registered number: 14530537)

Notes to the Financial Statements - continued
for the Period 8 December 2022 to 31 December 2023

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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 8 December 2022
and 31 December 2023 3,217
DEPRECIATION
At 8 December 2022
and 31 December 2023 590
NET BOOK VALUE
At 31 December 2023 2,627
At 7 December 2022 2,627

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 6,881
Other debtors 327
7,208

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 4,380
Taxation and social security 34,151
Other creditors 148,519
187,050

7. RELATED PARTY DISCLOSURES

The company has an outstanding directors loan in the name of E Wiggin of £121,939 at the year end. This is included in other creditors. This loan is interest free and repayable on demand.