Company registration number 02892035 (England and Wales)
LUSOTUFO U.K. LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
LUSOTUFO U.K. LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
LUSOTUFO U.K. LTD
STATEMENT OF FINANCIAL POSITION
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
19,031
1,167
Cash at bank and in hand
24,722
4,569
43,753
5,736
Creditors: amounts falling due within one year
4
(1,262,455)
(1,229,790)
Net current liabilities
(1,218,702)
(1,224,054)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(1,218,704)
(1,224,056)
Total equity
(1,218,702)
(1,224,054)

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 20 January 2025 and are signed on its behalf by:
Mr Pedro Marques Rola
Director
Company registration number 02892035 (England and Wales)
LUSOTUFO U.K. LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information

Lusotufo U.K. Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Barton Townley Offices, Burnington Drive, Willington, Co Durham, DL15 0HY.

1.1
Accounting convention

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 amounts in these financial statements are rounded to the nearest £.

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

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.3
Financial instruments

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.4
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
2
LUSOTUFO U.K. LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
19,031
1,167
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,258,280
1,225,911
Taxation and social security
2,076
1,689
Other creditors
2,099
2,190
1,262,455
1,229,790
5
Parent company

The ultimate parent company is Lusotufo Industrias Texteis Irmaos Rolas SA, a company incorporated in Portugal, which owns 100% of the issued share capital.

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