Registered number
07641212
La Petite Madeleine Limited
Filleted Accounts
31 May 2024
La Petite Madeleine Limited
Registered number: 07641212
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 23,018 26,794
Current assets
Debtors 4 - 2,506
Cash at bank and in hand 149,832 135,264
149,832 137,770
Creditors: amounts falling due within one year 5 (53,297) (40,237)
Net current assets 96,535 97,533
Total assets less current liabilities 119,553 124,327
Creditors: amounts falling due after more than one year 6 (8,125) (15,625)
Provisions for liabilities (3,985) (4,703)
Net assets 107,443 103,999
Capital and reserves
Called up share capital 100 100
Profit and loss account 107,343 103,899
Shareholders' funds 107,443 103,999
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jean-Christophe Le Grand
Director
Approved by the board on 5 November 2024
La Petite Madeleine Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 14
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 2,039 40,970 26,253 69,262
Additions - 3,779 - 3,779
At 31 May 2024 2,039 44,749 26,253 73,041
Depreciation
At 1 June 2023 - 30,982 11,486 42,468
Charge for the year - 3,863 3,692 7,555
At 31 May 2024 - 34,845 15,178 50,023
Net book value
At 31 May 2024 2,039 9,904 11,075 23,018
At 31 May 2023 2,039 9,988 14,767 26,794
4 Debtors 2024 2023
£ £
Trade debtors - 780
Other debtors - 1,726
- 2,506
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,500 7,500
Taxation and social security costs 37,786 29,747
Other creditors 8,011 2,990
53,297 40,237
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,125 15,625
7 Controlling party
The company is controlled by the director.
8 Other information
La Petite Madeleine Limited is a private company limited by shares and incorporated in England. Its registered office is:
Roseland
Morebath
Tiverton
Devon
EX16 9AN
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