Silverfin false false 30/06/2024 01/07/2023 30/06/2024 James Joseph Larkin 01/06/2016 Kim Larkin 01/06/2016 06 September 2024 no description of principal activity 04795818 2024-06-30 04795818 bus:Director1 2024-06-30 04795818 bus:Director2 2024-06-30 04795818 2023-06-30 04795818 core:CurrentFinancialInstruments 2024-06-30 04795818 core:CurrentFinancialInstruments 2023-06-30 04795818 core:ShareCapital 2024-06-30 04795818 core:ShareCapital 2023-06-30 04795818 core:RetainedEarningsAccumulatedLosses 2024-06-30 04795818 core:RetainedEarningsAccumulatedLosses 2023-06-30 04795818 core:OtherPropertyPlantEquipment 2023-06-30 04795818 core:OtherPropertyPlantEquipment 2024-06-30 04795818 bus:OrdinaryShareClass1 2024-06-30 04795818 bus:OrdinaryShareClass2 2024-06-30 04795818 bus:OrdinaryShareClass3 2024-06-30 04795818 2023-07-01 2024-06-30 04795818 bus:FilletedAccounts 2023-07-01 2024-06-30 04795818 bus:SmallEntities 2023-07-01 2024-06-30 04795818 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 04795818 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04795818 bus:Director1 2023-07-01 2024-06-30 04795818 bus:Director2 2023-07-01 2024-06-30 04795818 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-07-01 2024-06-30 04795818 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 04795818 2022-07-01 2023-06-30 04795818 core:CurrentFinancialInstruments 2023-07-01 2024-06-30 04795818 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 04795818 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 04795818 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 04795818 bus:OrdinaryShareClass2 2022-07-01 2023-06-30 04795818 bus:OrdinaryShareClass3 2023-07-01 2024-06-30 04795818 bus:OrdinaryShareClass3 2022-07-01 2023-06-30 04795818 1 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04795818 (England and Wales)

LA DIRECTORIES LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

LA DIRECTORIES LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

LA DIRECTORIES LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2024
LA DIRECTORIES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2024
DIRECTORS James Joseph Larkin
Kim Larkin
REGISTERED OFFICE 55 Brackendale Gardens
Upminster
RM14 3UU
England
United Kingdom
COMPANY NUMBER 04795818 (England and Wales)
CHARTERED ACCOUNTANTS Praxis
1 Poultry
London
EC2R 8EJ
LA DIRECTORIES LIMITED

BALANCE SHEET

As at 30 June 2024
LA DIRECTORIES LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,969 2,972
1,969 2,972
Current assets
Debtors 4 9,864 39,954
Cash at bank and in hand 5 436,481 296,353
446,345 336,307
Creditors: amounts falling due within one year 6 ( 301,218) ( 251,210)
Net current assets 145,127 85,097
Total assets less current liabilities 147,096 88,069
Provision for liabilities 7 ( 373) ( 89)
Net assets 146,723 87,980
Capital and reserves
Called-up share capital 8 6 6
Profit and loss account 146,717 87,974
Total shareholders' funds 146,723 87,980

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of LA Directories Limited (registered number: 04795818) were approved and authorised for issue by the Board of Directors on 06 September 2024. They were signed on its behalf by:

Kim Larkin
Director
LA DIRECTORIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
LA DIRECTORIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

LA Directories Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 55 Brackendale Gardens, Upminster, RM14 3UU, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 5 years straight line
33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 4

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 July 2023 10,290 10,290
At 30 June 2024 10,290 10,290
Accumulated depreciation
At 01 July 2023 7,318 7,318
Charge for the financial year 1,003 1,003
At 30 June 2024 8,321 8,321
Net book value
At 30 June 2024 1,969 1,969
At 30 June 2023 2,972 2,972

4. Debtors

2024 2023
£ £
Trade debtors 0 20,897
Other debtors 9,864 19,057
9,864 39,954

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 436,481 296,353

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 6,531 265
Taxation and social security 57,145 47,457
Other creditors 237,542 203,488
301,218 251,210

There are no amounts included above in respect of which any security has been given by the small entity.

7. Provision for liabilities

2024 2023
£ £
Deferred tax 373 89

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2
2 Ordinary A shares of £ 1.00 each 2 2
2 Ordinary B shares of £ 1.00 each 2 2
6 6

9. Financial commitments

The Company had no material capital commitments at the year ended 30 June 2024.

10. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Interest free loan to the company 4,538 3,745

11. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.