Company Registration No. 06446426 (England and Wales)
Librairie La Page (UK) Limited
Unaudited accounts
for the year ended 29 February 2024
Librairie La Page (UK) Limited
Statement of financial position
as at 29 February 2024
Tangible assets
12,996
4,000
Inventories
105,867
95,652
Cash at bank and in hand
360,949
340,987
Creditors: amounts falling due within one year
(187,174)
(147,664)
Net current assets
305,397
311,049
Total assets less current liabilities
318,393
315,049
Provisions for liabilities
Net assets
315,132
314,288
Called up share capital
5,000
5,000
Profit and loss account
310,132
309,288
Shareholders' funds
315,132
314,288
For the year ending 29 February 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 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 the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by
Stephen Schick
Director
Company Registration No. 06446426
Librairie La Page (UK) Limited
Notes to the Accounts
for the year ended 29 February 2024
Librairie La Page (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 06446426. The registered office is 7 HARRINGTON ROAD, LONDON, SW7 3ES, United Kingdom.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Fixtures & fittings
Over 5 years
Computer equipment
Over 4 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to sell.
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 accounts. 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.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Librairie La Page (UK) Limited
Notes to the Accounts
for the year ended 29 February 2024
4
Intangible fixed assets
Total
At 29 February 2024
34,000
At 29 February 2024
34,000
5
Tangible fixed assets
Total
At 29 February 2024
152,471
At 29 February 2024
139,475
At 29 February 2024
12,996
6
Average number of employees
During the year the average number of employees was 9 (2023: 9).