Company Registration No. 11843685 (England and Wales)
LBH Macclesfield Limited
Unaudited accounts
for the year ended 29 February 2024
LBH Macclesfield Limited
Unaudited accounts
Contents
LBH Macclesfield Limited
Company Information
for the year ended 29 February 2024
Company Number
11843685 (England and Wales)
Registered Office
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
United Kingdom
Accountants
Taylor Consultancy, Chartered Certified Accountants
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
LBH Macclesfield Limited
Statement of financial position
as at 29 February 2024
Inventories
4,710,000
4,670,000
Cash at bank and in hand
114
16,874
Creditors: amounts falling due within one year
(5,307,598)
(5,283,233)
Net current liabilities
(597,484)
(596,359)
Net liabilities
(597,484)
(596,359)
Called up share capital
100
100
Profit and loss account
(597,584)
(596,459)
Shareholders' funds
(597,484)
(596,359)
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 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 21 October 2024 and were signed on its behalf by
C N Oakes
Director
Company Registration No. 11843685
LBH Macclesfield Limited
Notes to the Accounts
for the year ended 29 February 2024
LBH Macclesfield Limited is a private company, limited by shares, registered in England and Wales, registration number 11843685. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK10 2DX, 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.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
4
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,033,000
3,033,000
Amounts owed to group undertakings and other participating interests
575,000
1,354,902
Other creditors
80,000
80,000
Loans from directors
1,618,673
781,531
The bank loan has security over the property know as Carven House, Churchill Way, Macclesfield, Cheshire SK11 6AB
Allotted, called up and fully paid:
99 Ordinary shares of £1 each
99
99
1 A Ordinary share of £1 each
1
1
LBH Macclesfield Limited
Notes to the Accounts
for the year ended 29 February 2024
6
Transactions with related parties
Mr C Oakes is a director of both Huntsmere Limited and LBH Macclesfield Limited.
At the balance sheet date LBH Macclesfield Limited owed Huntsmere Limited £575,000 ( 2023 - £975,000) which is included as amounts owed to group undertakings and other participating interests. This is subject to interest at a commercial rate and is repayable upon demand.
Mr C Oakes is a director of both Luxry Team Holdings and LBH Macclesfield Limited.
At the balance sheet date LBH Macclesfield Limited owed Luxury Team Holdings Limited £Nil ( 2023 - £379,902) which is included as amounts owed to group undertakings and other participating interests. This is subject to interest at a commercial rate and is repayable upon demand.
The ultimate controlling company is Luxury Personal Holdings, a company incorporated in England and Wales, company number 11236987
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).