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REGISTERED NUMBER: 03135796 (England and Wales)















L'Assemblage Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






L'Assemblage Limited (Registered number: 03135796)

Contents of the Financial Statements
for the year ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


L'Assemblage Limited

Company Information
for the year ended 31 July 2024







Directors: G J Willings
J J Willings





Registered office: 12a West Pallant House
West Pallant
Chichester
West Sussex
PO19 1TB





Registered number: 03135796 (England and Wales)





Accountants: Cooper Parry Advisory Limited
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

L'Assemblage Limited (Registered number: 03135796)

Balance Sheet
31 July 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 23,217 45,768

Current assets
Stocks 1,427,674 1,358,822
Debtors 5 924,532 1,155,021
Investments 6 33,174 36,564
Cash at bank and in hand 425,802 382,060
2,811,182 2,932,467
Creditors
Amounts falling due within one year 7 275,335 433,014
Net current assets 2,535,847 2,499,453
Total assets less current liabilities 2,559,064 2,545,221

Provisions for liabilities 630 630
Net assets 2,558,434 2,544,591

Capital and reserves
Called up share capital 9 1,000 1,000
Retained earnings 2,557,434 2,543,591
Shareholders' funds 2,558,434 2,544,591

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2024 and were signed on its behalf by:





G J Willings - Director


L'Assemblage Limited (Registered number: 03135796)

Notes to the Financial Statements
for the year ended 31 July 2024


1. Statutory information

L'Assemblage 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 FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover
Turnover represents amounts receivable for goods and services net of VAT.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment25% per annum on cost
Computer equipment25% per annum on cost
Motor vehicle33% over 3 years


The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss .

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

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

L'Assemblage Limited (Registered number: 03135796)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


2. Accounting policies - continued

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating lease commitments
Rentals payable under operating leases, including any lease incentives received, are charged against
income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

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 6 (2023 - 6 ) .

4. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
Cost
At 1 August 2023
and 31 July 2024 4,746 65,046 16,632 86,424
Depreciation
At 1 August 2023 4,500 21,465 14,691 40,656
Charge for year 135 21,465 951 22,551
At 31 July 2024 4,635 42,930 15,642 63,207
Net book value
At 31 July 2024 111 22,116 990 23,217
At 31 July 2023 246 43,581 1,941 45,768

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 162,697 224,578
Other debtors 761,835 930,443
924,532 1,155,021

6. Current asset investments
2024 2023
£ £
Unlisted investments 33,174 36,564

L'Assemblage Limited (Registered number: 03135796)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 182,051 240,508
Taxation and social security 25,108 93,465
Other creditors 68,176 99,041
275,335 433,014

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year - 912

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,000 Ordinary £1 1,000 1,000

10. Related party disclosures

Included within other debtors at the year end, is £367,925 (2023: £489,897) due from our directors.