2023-03-012024-02-292024-02-29false02897308LAUNDRY BLUES 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LAUNDRY BLUES LIMITED

Registered Number
02897308
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

LAUNDRY BLUES LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

THINSA, Bahadur Singh

Company Secretary

KAUR, Jaswinder

Registered Address

34 Waterloo Road
Wolverhampton
WV1 4DG

Registered Number

02897308 (England and Wales)
LAUNDRY BLUES LIMITED
Statement of Financial Position
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets311
Investment property4137,484137,484
137,485137,485
Current assets
Cash at bank and on hand92,24260,406
92,24260,406
Creditors amounts falling due within one year5(66,691)(18,226)
Net current assets (liabilities)25,55142,180
Total assets less current liabilities163,036179,665
Net assets163,036179,665
Capital and reserves
Called up share capital22
Profit and loss account163,034179,663
Shareholders' funds163,036179,665
The financial statements were approved and authorised for issue by the Director on 19 November 2024, and are signed on its behalf by:
THINSA, Bahadur Singh
Director
Registered Company No. 02897308
LAUNDRY BLUES LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
Laundry Blues 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. The presentation currency of the financial statements is the Pound Sterling (£).
Basis of preparation
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 policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery3
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. The company has taken advantage of the transitional exemptions in FRS102 35.10 (d) to use a previous GAAP revaluation as its deemed cost.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 March 233,0193,019
At 29 February 243,0193,019
Depreciation and impairment
At 01 March 233,0183,018
At 29 February 243,0183,018
Net book value
At 29 February 2411
At 28 February 2311
4.Investment property

£
Fair value at 01 March 23137,484
At 29 February 24137,484
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security9,0659,350
Other creditors57,6268,876
Total66,69118,226