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REGISTERED NUMBER: 13215802 (England and Wales)















LBF CONTEMPORARY LIMITED

Unaudited Financial Statements

for the Year Ended 28 February 2024






LBF CONTEMPORARY LIMITED (REGISTERED NUMBER: 13215802)

Contents of the Financial Statements
for the year ended 28 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LBF CONTEMPORARY LIMITED

Company Information
for the year ended 28 February 2024







Directors: L A R Blanc-Francard
L A Blanc-Francard





Registered office: 13 Tottenham Mews
Ground Floor London
United Kingdom
W1T 4AQ





Registered number: 13215802 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

LBF CONTEMPORARY LIMITED (REGISTERED NUMBER: 13215802)

Balance Sheet
28 February 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 7,391 3,254

Current assets
Stocks 5 56,497 30,367
Debtors 6 43,022 3,267
Prepayments and accrued income 1,038 13,501
Cash at bank 55,741 84,483
156,298 131,618
Creditors
Amounts falling due within one year 7 (75,338 ) (42,954 )
Net current assets 80,960 88,664
Total assets less current liabilities 88,351 91,918

Capital and reserves
Called up share capital 8 1 1
Retained earnings 9 88,350 91,917
Shareholders' funds 88,351 91,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:



L A R Blanc-Francard - Director


LBF CONTEMPORARY LIMITED (REGISTERED NUMBER: 13215802)

Notes to the Financial Statements
for the year ended 28 February 2024


1. Statutory information

LBF Contemporary Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

LBF CONTEMPORARY LIMITED (REGISTERED NUMBER: 13215802)

Notes to the Financial Statements - continued
for the year ended 28 February 2024


4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 March 2023 870 3,763 4,633
Additions 6,167 434 6,601
At 28 February 2024 7,037 4,197 11,234
Depreciation
At 1 March 2023 249 1,130 1,379
Charge for year 1,697 767 2,464
At 28 February 2024 1,946 1,897 3,843
Net book value
At 28 February 2024 5,091 2,300 7,391
At 28 February 2023 621 2,633 3,254

5. Stocks
2024 2023
£ £
Stocks 56,497 30,367

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 43,022 3,267

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 19,331 1,428
Taxation and social security 42,736 38,323
Other creditors 13,271 3,203
75,338 42,954

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £0.01 1 1

LBF CONTEMPORARY LIMITED (REGISTERED NUMBER: 13215802)

Notes to the Financial Statements - continued
for the year ended 28 February 2024


9. Reserves
Retained
earnings
£

At 1 March 2023 91,917
Profit for the year 110,433
Dividends (114,000 )
At 28 February 2024 88,350