1 April 2023 false No description of principal activity Taxfiler 2024.6 08904856business:PrivateLimitedCompanyLtd2023-04-012024-03-31 089048562023-03-31 089048562023-04-012024-03-31 08904856business:AuditExemptWithAccountantsReport2023-04-012024-03-31 08904856business:FilletedAccounts2023-04-012024-03-31 089048562024-03-31 08904856business:Director22023-04-012024-03-31 08904856business:RegisteredOffice2023-04-012024-03-31 089048562023-03-31 08904856core:WithinOneYear2024-03-31 08904856core:WithinOneYear2023-03-31 08904856core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 08904856core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 08904856core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 08904856core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 08904856core:PreviouslyStatedAmount2024-03-31 08904856core:PreviouslyStatedAmount2023-03-31 08904856business:SmallEntities2023-04-012024-03-31 08904856countries:EnglandWales2023-04-012024-03-31 08904856business:OrdinaryShareClass12023-04-012024-03-31 08904856business:OrdinaryShareClass12022-04-012023-03-31 089048562022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08904856 (England and Wales)
London Letterbox Limited Unaudited accounts for the year ended 31 March 2024
London Letterbox Limited Unaudited accounts Contents
Page
- 2 -
London Letterbox Limited Company Information for the year ended 31 March 2024
Director
Mr D A King
Company Number
08904856 (England and Wales)
Registered Office
Albany House Claremont Lane Esher Surrey KT10 9FQ
Accountants
Wellden Turnbull Limited Albany House Claremont Lane Esher Surrey KT10 9FQ
- 3 -
London Letterbox Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
45,688 
45,434 
Cash at bank and in hand
116,297 
164,833 
161,985 
210,267 
Creditors: amounts falling due within one year
(90,453)
(141,892)
Net current assets
71,532 
68,375 
Net assets
71,532 
68,375 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
71,432 
68,275 
Shareholders' funds
71,532 
68,375 
For the year ending 31 March 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 31 October 2024 and were signed on its behalf by
Mr D A King Director Company Registration No. 08904856
- 4 -
London Letterbox Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
London Letterbox Limited is a private company, limited by shares, registered in England and Wales, registration number 08904856. The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ.
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 financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Presentation currency
The financial statements are presented in sterling, which is the functional currency of the company and are rounded to the nearest £.
Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and other creditors. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
- 5 -
London Letterbox Limited Notes to the Accounts for the year ended 31 March 2024
Current taxation
Tax is recognised in the statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Pension costs
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
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
28,279 
45,169 
Accrued income and prepayments
16,834 
- 
Other debtors
575 
265 
45,688 
45,434 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
52,386 
104,576 
Other creditors
24,793 
34,191 
Accruals
13,274 
3,125 
90,453 
141,892 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 70 (2023: 80).
- 6 -