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REGISTERED NUMBER: 04184964 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Latrave Limited

Latrave Limited (Registered number: 04184964)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Latrave Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr C J McCormack
Mr E J Lamb





SECRETARY: Mrs S P Brown





REGISTERED OFFICE: Unit 10-11 Trinity Centre
Park Farm Industrial Estate
Wellingborough
Northamptonshire
NN8 6ZB





REGISTERED NUMBER: 04184964 (England and Wales)





ACCOUNTANTS: Godfrey Laws & Co Limited
65 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

Latrave Limited (Registered number: 04184964)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 612,342 491,550
612,342 491,550

CURRENT ASSETS
Stocks 452,469 656,702
Debtors 6 628,457 751,971
Cash at bank and in hand 386,334 370,894
1,467,260 1,779,567
CREDITORS
Amounts falling due within one year 7 338,940 409,520
NET CURRENT ASSETS 1,128,320 1,370,047
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,740,662

1,861,597

PROVISIONS FOR LIABILITIES 77,369 92,894
NET ASSETS 1,663,293 1,768,703

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,663,193 1,768,603
SHAREHOLDERS' FUNDS 1,663,293 1,768,703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Latrave Limited (Registered number: 04184964)

Balance Sheet - continued
31 January 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 Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:





Mr C J McCormack - Director


Latrave Limited (Registered number: 04184964)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Latrave 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 2002, is being amortised evenly over its estimated useful life of three 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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Patents
The company's patent is being amortised over its estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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 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.


Latrave Limited (Registered number: 04184964)

Notes to the Financial Statements - continued
for the Year Ended 31 January 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 14 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 3 40,635 40,638
AMORTISATION
At 1 February 2023
and 31 January 2024 3 40,635 40,638
NET BOOK VALUE
At 31 January 2024 - - -
At 31 January 2023 - - -

Latrave Limited (Registered number: 04184964)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 1,272,193 2,421 7,450 1,282,064
Additions 210,751 - 12 210,763
At 31 January 2024 1,482,944 2,421 7,462 1,492,827
DEPRECIATION
At 1 February 2023 782,221 1,904 6,389 790,514
Charge for year 89,261 95 615 89,971
At 31 January 2024 871,482 1,999 7,004 880,485
NET BOOK VALUE
At 31 January 2024 611,462 422 458 612,342
At 31 January 2023 489,972 517 1,061 491,550

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 423,477 511,682
Other debtors 204,980 240,289
628,457 751,971

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 331,377 387,033
Taxation and social security (488 ) (488 )
Other creditors 8,051 22,975
338,940 409,520

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr E J Lamb.