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REGISTERED NUMBER: 12392784 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 January 2024

for

Library Suite Ltd

Library Suite Ltd (Registered number: 12392784)

Contents of the Financial Statements
For The Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Library Suite Ltd

Company Information
For The Year Ended 31 January 2024







DIRECTOR: P Sims





SECRETARY:





REGISTERED OFFICE: Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN





REGISTERED NUMBER: 12392784 (England and Wales)





ACCOUNTANTS: Hunt Ford & Co
Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN

Library Suite Ltd (Registered number: 12392784)

Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £    £   
CURRENT ASSETS
Debtors 4 30,248 26,630
Cash at bank 666 349
30,914 26,979
CREDITORS
Amounts falling due within one year 5 37,304 25,705
NET CURRENT (LIABILITIES)/ASSETS (6,390 ) 1,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,390

)

1,274

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 (6,490 ) 1,174
SHAREHOLDERS' FUNDS (6,390 ) 1,274

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 director acknowledges his 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.

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 director and authorised for issue on 29 October 2024 and were signed by:



P Sims - Director


Library Suite Ltd (Registered number: 12392784)

Notes to the Financial Statements
For The Year Ended 31 January 2024


1. STATUTORY INFORMATION

Library Suite Ltd 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Library Suite Ltd (Registered number: 12392784)

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


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Other debtors 24,387 21,818
VAT 5,861 4,812
30,248 26,630

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 147 -
Trade creditors 4,358 4,296
Tax 3,288 3,546
Other creditors 8,588 -
Directors' current accounts 17,653 17,863
Accrued expenses 3,270 -
37,304 25,705

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/24 31/1/23
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 February 2023 1,174
Deficit for the year (7,664 )
At 31 January 2024 (6,490 )

8. RELATED PARTY DISCLOSURES

In note 5 other debtors there is an amount of £21,818 in respect of a Loan made to The Blue Bear Partnership Ltd of which the director is also a director of this Company.