Company Registration No. 13227624 (England and Wales)
LAUNDRYWORKS LIMITED
accounts
for the period from 1 March 2023 to 28 February 2024
LAUNDRYWORKS LIMITED
accounts
Contents
LAUNDRYWORKS LIMITED
Statement of financial position
as at 28 February 2024
Tangible assets
40,844
37,354
Cash at bank and in hand
14,972
5,536
Creditors: amounts falling due within one year
(61,304)
(48,199)
Net current liabilities
(28,529)
(27,183)
Called up share capital
100
100
Profit and loss account
12,215
10,071
Shareholders' funds
12,315
10,171
For the period ending 28 February 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 her 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 12 November 2024 and were signed on its behalf by
Sadaf Latif
Director
Company Registration No. 13227624
LAUNDRYWORKS LIMITED
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
LAUNDRYWORKS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13227624. The registered office is Unit 3 Fourth Way, Wembley, Middlesex, HA9 0LH, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
55,243
-
1,999
57,242
Additions
2,083
14,900
2,132
19,115
Disposals
(8,460)
-
-
(8,460)
At 28 February 2024
48,866
14,900
4,131
67,897
At 1 March 2023
19,488
-
400
19,888
Charge for the period
6,485
2,980
746
10,211
On disposals
(3,046)
-
-
(3,046)
At 28 February 2024
22,927
2,980
1,146
27,053
At 28 February 2024
25,939
11,920
2,985
40,844
At 28 February 2023
35,755
-
1,599
37,354
LAUNDRYWORKS LIMITED
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
Amounts falling due within one year
Accrued income and prepayments
3,323
-
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,021
265
Other creditors
5,675
4,891
Loans from directors
37,181
39,369
7
Average number of employees
During the period the average number of employees was 6 (2023: 6).