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REGISTERED NUMBER: 07156527 (England and Wales)















Financial Statements For The Year Ended 31st March 2024

for

Lavish Design Ltd

Lavish Design Ltd (Registered number: 07156527)






Contents of the Financial Statements
For The Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lavish Design Ltd

Company Information
For The Year Ended 31st March 2024







DIRECTOR: Ms A J Cadillac





REGISTERED OFFICE: 63 High Street
Chislehurst
Kent
BR7 5BE





REGISTERED NUMBER: 07156527 (England and Wales)





ACCOUNTANTS: Baker Britt
Chartered Accountants
63 High Street
Chislehurst
Kent
BR7 5AF

Lavish Design Ltd (Registered number: 07156527)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,296 5,268

CURRENT ASSETS
Debtors 5 18,140 19,699
Cash at bank 30,169 27,518
48,309 47,217
CREDITORS
Amounts falling due within one year 6 64,427 44,831
NET CURRENT (LIABILITIES)/ASSETS (16,118 ) 2,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,178

7,654

CREDITORS
Amounts falling due after more than one
year

7

44,247

36,336
NET LIABILITIES (37,069 ) (28,682 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (38,069 ) (29,682 )
SHAREHOLDERS' FUNDS (37,069 ) (28,682 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Lavish Design Ltd (Registered number: 07156527)

Balance Sheet - continued
31st 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 director and authorised for issue on 2nd December 2024 and were signed by:





Ms A J Cadillac - Director


Lavish Design Ltd (Registered number: 07156527)

Notes to the Financial Statements
For The Year Ended 31st March 2024

1. STATUTORY INFORMATION

Lavish Design Ltd 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.
Plant and machinery etc - 20% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Lavish Design Ltd (Registered number: 07156527)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 20,886
Additions 27,121
At 31st March 2024 48,007
DEPRECIATION
At 1st April 2023 15,618
Charge for year 9,093
At 31st March 2024 24,711
NET BOOK VALUE
At 31st March 2024 23,296
At 31st March 2023 5,268

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 18,140 19,699

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,363 5,231
Hire purchase contracts 3,299 -
Taxation and social security 7,190 4,906
Other creditors 48,575 34,694
64,427 44,831

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 30,973 36,336
Hire purchase contracts 13,274 -
44,247 36,336