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Company Registration No. 10562888 (England and Wales)
Ladybird Living Ltd Unaudited accounts for the year ended 31 January 2024
Ladybird Living Ltd Unaudited accounts Contents
Page
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Ladybird Living Ltd Company Information for the year ended 31 January 2024
Director
Arwa Kayali
Company Number
10562888 (England and Wales)
Registered Office
Spaces 77 New Cavendish Street Fitzrovia London W1W 6XB England
Accountants
Majestic Accountants Limited Profile West, 950 Great West Road Suite 2, Floor 1 Brentford Middlesex TW8 9ES
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ladybird Living Ltd for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ladybird Living Ltd for the year ended 31 January 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Majestic Accountants Limited Chartered Accountants Profile West, 950 Great West Road Suite 2, Floor 1 Brentford Middlesex TW8 9ES 5 April 2024
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Ladybird Living Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
554 
1,771 
Current assets
Debtors
8,837 
7,802 
Cash at bank and in hand
22,272 
58,720 
31,109 
66,522 
Creditors: amounts falling due within one year
(179,037)
(162,404)
Net current liabilities
(147,928)
(95,882)
Net liabilities
(147,374)
(94,111)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(147,375)
(94,112)
Shareholders' funds
(147,374)
(94,111)
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 her 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 5 April 2024 and were signed on its behalf by
Arwa Kayali Director Company Registration No. 10562888
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Ladybird Living Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Ladybird Living Ltd is a private company, limited by shares, registered in England and Wales, registration number 10562888. The registered office is Spaces 77 New Cavendish Street, Fitzrovia, London, W1W 6XB, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
has been fully depreciated
Fixtures & fittings
has been depreciated using the straight line method over 3 years.
Computer equipment
has been depreciated using the straight line method over 3 years.
Going concern
We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. It is your duty to ensure that Ladybird Living Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of the company. You consider that Ladybird Living Ltd is exempt from the statutory audit requirement for the year. We draw your attention to note 2 to the financial statements. The company is reliant upon the continued financial support of its directors, shareholders and related parties. The financial statements do not include any adjustments that would result if the company were unable to continue as going concern.
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Ladybird Living Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
1,085 
454 
5,217 
6,756 
Additions
- 
- 
832 
832 
At 31 January 2024
1,085 
454 
6,049 
7,588 
Depreciation
At 1 February 2023
1,085 
302 
3,598 
4,985 
Charge for the year
- 
152 
1,897 
2,049 
At 31 January 2024
1,085 
454 
5,495 
7,034 
Net book value
At 31 January 2024
- 
- 
554 
554 
At 31 January 2023
- 
152 
1,619 
1,771 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,035 
- 
Trade debtors
7,802 
7,802 
8,837 
7,802 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
14,561 
Trade creditors
- 
109 
Other creditors
149,210 
124,653 
Loans from directors
29,827 
23,081 
179,037 
162,404 
7
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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