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REGISTERED NUMBER: 03821544 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Larvic Limited

Larvic Limited (Registered number: 03821544)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Larvic Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs Seema Deb
Mr Robin Kumar Deb





SECRETARY: Mrs Seema Deb





REGISTERED OFFICE: Office 1
21 Hatherton Street
Walsall
WS4 2LA





REGISTERED NUMBER: 03821544 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

Larvic Limited (Registered number: 03821544)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 54,061 52,630
54,061 52,630

CURRENT ASSETS
Stocks 54,813 56,816
Debtors 6 246,404 178,547
Cash at bank and in hand 265,247 325,989
566,464 561,352
CREDITORS
Amounts falling due within one year 7 (316,124 ) (322,284 )
NET CURRENT ASSETS 250,340 239,068
TOTAL ASSETS LESS CURRENT
LIABILITIES

304,401

291,698

PROVISIONS FOR LIABILITIES (10,437 ) (7,513 )
NET ASSETS 293,964 284,185

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 293,864 284,085
SHAREHOLDERS' FUNDS 293,964 284,185

Larvic Limited (Registered number: 03821544)

Balance Sheet - continued
31 August 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by:





Mr Robin Kumar Deb - Director


Larvic Limited (Registered number: 03821544)

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


1. STATUTORY INFORMATION

Larvic 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.

Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Leasehold Over the 20 years
Plant and Machinery 15% reducing balance
Motor Vehicles 25% reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss 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.


Larvic Limited (Registered number: 03821544)

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


2. ACCOUNTING POLICIES - continued
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.

Related party transactions
The company paid rent and service charge in the year amounting to £15,304.80 (2023 - £12,754.97) for the use of leasehold property owned by the director Mr. R Deb on normal commercial basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 506,097
AMORTISATION
At 1 September 2023
and 31 August 2024 506,097
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

Larvic Limited (Registered number: 03821544)

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


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 15,483 140,688 156,171
Additions - 8,748 8,748
At 31 August 2024 15,483 149,436 164,919
DEPRECIATION
At 1 September 2023 2,395 101,146 103,541
Charge for year 775 6,542 7,317
At 31 August 2024 3,170 107,688 110,858
NET BOOK VALUE
At 31 August 2024 12,313 41,748 54,061
At 31 August 2023 13,088 39,542 52,630

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 191,004 135,468
Other debtors 55,400 43,079
246,404 178,547

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 213,690 178,498
Taxation and social security 68,067 33,824
Other creditors 34,367 109,962
316,124 322,284