Company Registration No. 11170591 (England and Wales)
Leather Designs Ltd
Unaudited accounts
for the year ended 31 January 2024
Leather Designs Ltd
Unaudited accounts
Contents
Leather Designs Ltd
Company Information
for the year ended 31 January 2024
Company Number
11170591 (England and Wales)
Registered Office
Greenfields
North Gorley
Fordingbridge
SP6 2PL
Accountants
Forest Edge Accountancy
2 Appletree Close
Redlynch
Salisbury
Wiltshire
SP5 2JG
Leather Designs Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
27,329
41,050
Cash at bank and in hand
86,077
78,549
Creditors: amounts falling due within one year
(38,463)
(58,537)
Net current assets
52,144
24,852
Called up share capital
1
1
Profit and loss account
79,472
65,901
Shareholders' funds
79,473
65,902
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 2 October 2024 and were signed on its behalf by
Mr J McCabe
Director
Company Registration No. 11170591
Leather Designs Ltd
Notes to the Accounts
for the year ended 31 January 2024
Leather Designs Ltd is a private company, limited by shares, registered in England and Wales, registration number 11170591. The registered office is Greenfields, North Gorley, Fordingbridge, SP6 2PL.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
3 years straight line
Motor vehicles
5 years straight line
Computer equipment
3 years straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
17,504
72,460
3,639
93,603
Additions
5,690
-
2,918
8,608
At 31 January 2024
23,194
72,460
6,557
102,211
At 1 February 2023
11,985
37,984
2,584
52,553
Charge for the year
4,959
15,870
1,500
22,329
At 31 January 2024
16,944
53,854
4,084
74,882
At 31 January 2024
6,250
18,606
2,473
27,329
At 31 January 2023
5,519
34,476
1,055
41,050
Amounts falling due after more than one year
Leather Designs Ltd
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
12,870
11,635
Loans from directors
24,564
46,252
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).