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REGISTERED NUMBER: 04024639 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

LABOUR AND WAIT LIMITED

LABOUR AND WAIT LIMITED (REGISTERED NUMBER: 04024639)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

LABOUR AND WAIT LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S Watkins
Ms R Wythe-Moran





SECRETARY: S Watkins





REGISTERED OFFICE: Workroom, Unit 2
29-32 The Oval
London
E2 9DT





REGISTERED NUMBER: 04024639 (England and Wales)





ACCOUNTANTS: Russell & Co
Station House
Station Approach
East Horsley
Leatherhead
Surrey
KT24 6QX

LABOUR AND WAIT LIMITED (REGISTERED NUMBER: 04024639)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,190 13,994

CURRENT ASSETS
Stocks 161,857 169,526
Debtors 5 80,617 64,051
Cash at bank and in hand 108,837 105,725
351,311 339,302
CREDITORS
Amounts falling due within one year 6 176,553 147,276
NET CURRENT ASSETS 174,758 192,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,948

206,020

CREDITORS
Amounts falling due after more than one
year

7

22,500

32,500
NET ASSETS 155,448 173,520

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 154,448 172,520
SHAREHOLDERS' FUNDS 155,448 173,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

LABOUR AND WAIT LIMITED (REGISTERED NUMBER: 04024639)

Balance Sheet - continued
31 March 2024


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 27 November 2024 and were signed on its behalf by:




Ms R Wythe-Moran - Director



S Watkins - Director


LABOUR AND WAIT LIMITED (REGISTERED NUMBER: 04024639)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Labour and Wait 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.
Short leasehold - in accordance with the property
Equipment - 25% on cost
Fixtures and fittings - 25% on cost

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

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 20 (2023 - 17 ) .

LABOUR AND WAIT LIMITED (REGISTERED NUMBER: 04024639)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold Equipment fittings Totals
£    £    £    £   
COST
At 1 April 2023 6,355 10,952 83,674 100,981
Additions - 4,253 - 4,253
At 31 March 2024 6,355 15,205 83,674 105,234
DEPRECIATION
At 1 April 2023 6,355 10,952 69,680 86,987
Charge for year - 1,063 13,994 15,057
At 31 March 2024 6,355 12,015 83,674 102,044
NET BOOK VALUE
At 31 March 2024 - 3,190 - 3,190
At 31 March 2023 - - 13,994 13,994

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,266 13,700
Other debtors 50,351 50,351
80,617 64,051

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 80,007 88,861
Taxation and social security 92,816 54,568
Other creditors 3,730 3,847
176,553 147,276

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Recovery bank loan 22,500 32,500

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Labour and Wait Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Labour and Wait Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Labour and Wait Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Labour and Wait Limited and state those matters that we have agreed to state to the Board of Directors of Labour and Wait Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Labour and Wait Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Labour and Wait Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Labour and Wait Limited. You consider that Labour and Wait Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Labour and Wait Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Russell & Co
Station House
Station Approach
East Horsley
Leatherhead
Surrey
KT24 6QX


Date: .............................................