Registered number
06860792
London Domestic Appliances (UK) Ltd
Filleted Accounts
31 March 2024
London Domestic Appliances (UK) Ltd
Registered number: 06860792
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 2,500 3,000
Tangible assets 4 137,803 79,109
140,303 82,109
Current assets
Stocks 658,968 634,600
Debtors 5 157,975 -
Cash at bank and in hand 302,589 479,365
1,119,532 1,113,965
Creditors: amounts falling due within one year 6 (548,067) (564,211)
Net current assets 571,465 549,754
Total assets less current liabilities 711,768 631,863
Creditors: amounts falling due after more than one year 7 (44,777) (19,932)
Net assets 666,991 611,931
Capital and reserves
Called up share capital 100 100
Profit and loss account 666,891 611,831
Shareholders' funds 666,991 611,931
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Shahid Mahmood
Director
Approved by the board on 7 January 2025
London Domestic Appliances (UK) Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% on reducing balance method
Motor Vehicles 20% on reducing balance method
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 24 21
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 10,000
At 31 March 2024 10,000
Amortisation
At 1 April 2023 7,000
Provided during the year 500
At 31 March 2024 7,500
Net book value
At 31 March 2024 2,500
At 31 March 2023 3,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 46,788 143,820 190,608
Additions 41,665 51,480 93,145
At 31 March 2024 88,453 195,300 283,753
Depreciation
At 1 April 2023 34,445 77,054 111,499
Charge for the year 10,802 23,649 34,451
At 31 March 2024 45,247 100,703 145,950
Net book value
At 31 March 2024 43,206 94,597 137,803
At 31 March 2023 12,343 66,766 79,109
5 Debtors 2024 2023
£ £
Other debtors 157,975 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,537 10,749
Trade creditors 342,741 263,138
Taxation and social security costs 45,992 124,947
Other creditors 148,797 165,377
548,067 564,211
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 44,777 19,932
8 Related party transactions
BSAA LTD
Both companies are related party.
During the year the company had given a loan of £157,975 to BSAA LTD (2023 - £Nil),
included within other debtors.
9 Other information
London Domestic Appliances (UK) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
334 Bethnal Green Road
Bethnal Green
London
E2 0AG
London Domestic Appliances (UK) Ltd 06860792 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Mr Shahid Mahmood No description of principal activity 06860792 2022-04-01 2023-03-31 06860792 core:WithinOneYear 2023-03-31 06860792 core:AfterOneYear 2023-03-31 06860792 core:ShareCapital 2023-03-31 06860792 core:RetainedEarningsAccumulatedLosses 2023-03-31 06860792 2023-04-01 2024-03-31 06860792 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06860792 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06860792 bus:Director40 2023-04-01 2024-03-31 06860792 1 2023-04-01 2024-03-31 06860792 2 2023-04-01 2024-03-31 06860792 core:Goodwill 2023-04-01 2024-03-31 06860792 core:PlantMachinery 2023-04-01 2024-03-31 06860792 core:Vehicles 2023-04-01 2024-03-31 06860792 countries:England 2023-04-01 2024-03-31 06860792 bus:FRS102 2023-04-01 2024-03-31 06860792 bus:FilletedAccounts 2023-04-01 2024-03-31 06860792 2024-03-31 06860792 core:WithinOneYear 2024-03-31 06860792 core:AfterOneYear 2024-03-31 06860792 core:ShareCapital 2024-03-31 06860792 core:RetainedEarningsAccumulatedLosses 2024-03-31 06860792 core:Goodwill 2024-03-31 06860792 core:PlantMachinery 2024-03-31 06860792 core:Vehicles 2024-03-31 06860792 2023-03-31 06860792 core:Goodwill 2023-03-31 06860792 core:PlantMachinery 2023-03-31 06860792 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure