Company Registration No. 12479823 (England and Wales)
LASH STATION 1 LTD
Unaudited accounts
for the year ended 29 February 2024
LASH STATION 1 LTD
Unaudited accounts
Contents
LASH STATION 1 LTD
Company Information
for the year ended 29 February 2024
Company Number
12479823 (England and Wales)
Registered Office
110 Runley Road
Luton
Bedfordshire
LU1 1UA
England
Accountants
IAB Accountants Limited
200 Selbourne Road
Luton
Bedfordshire
LU4 8LT
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
LASH STATION 1 LTD
for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
LASH STATION 1 LTD for the year ended
29 February 2024 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of LASH STATION 1 LTD, as a body, in accordance with the terms of our engagement letter dated 19 November 2021. Our work has been undertaken solely to prepare for your approval the accounts of LASH STATION 1 LTD and state those matters that we have agreed to state to the Board of Directors of LASH STATION 1 LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LASH STATION 1 LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LASH STATION 1 LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of LASH STATION 1 LTD. You consider that LASH STATION 1 LTD 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 accounts of LASH STATION 1 LTD. 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 accounts.
IAB Accountants Limited
Chartered Certified Accountants
200 Selbourne Road
Luton
Bedfordshire
LU4 8LT
27 December 2024
LASH STATION 1 LTD
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
35
1,071
Creditors: amounts falling due within one year
(850)
(1,066)
Net current (liabilities)/assets
(665)
230
Net (liabilities)/assets
(665)
230
Called up share capital
1
1
Profit and loss account
(666)
229
Shareholders' funds
(665)
230
For the year ending 29 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 27 December 2024 and were signed on its behalf by
Soman Arshad
Director
Company Registration No. 12479823
LASH STATION 1 LTD
Notes to the Accounts
for the year ended 29 February 2024
LASH STATION 1 LTD is a private company, limited by shares, registered in England and Wales, registration number 12479823. The registered office is 110 Runley Road, Luton, Bedfordshire, LU1 1UA, 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 year, 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:
Fixtures & fittings
Depreciated - 33% on straight line basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
LASH STATION 1 LTD
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Fixtures & fittings
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
516
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Transactions with related parties
The company was under the control of the director throughout the current year.
Included in other creditors is an amount of £0 (2023: £0) owed to the director by the company.
The ultimate controlling party is Soman Arshad.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).