Company registration number 14820965 (England and Wales)
LUSOPHONIA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
LUSOPHONIA LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
LUSOPHONIA LIMITED (REGISTERED NUMBER: 14820965)
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
Notes
£
£
Fixed assets
Tangible assets
3
90,250
Current assets
Stocks
15,000
Debtors
4
24,762
Cash at bank and in hand
3,610
43,372
Creditors: amounts falling due within one year
5
(300,912)
Net current liabilities
(257,540)
Net liabilities
(167,290)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(167,390)
Total equity
(167,290)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period 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 director acknowledges his 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 period 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 and signed by the director and authorised for issue on 22 January 2025
Mr Bruno Ricardo Almeida Da Silva
Director
LUSOPHONIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information

Lusophonia Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, 399-401 Strand, London, United Kingdom, WC2R 0LT.

1.1
Reporting period

The reporting period length is longer than 12 months. The reason for this, is due to the incorporation date of the company. With this accounting period being the first, there are no comparatives figures.

1.2
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 £1.

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

1.3
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.4
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.

1.5
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.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

LUSOPHONIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 3 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
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 period was:

2024
Number
Total
5
3
Tangible fixed assets
Plant and equipment
£
Cost
At 23 April 2023
-
0
Additions
104,833
At 30 April 2024
104,833
Depreciation and impairment
At 23 April 2023
-
0
Depreciation charged in the period
14,583
At 30 April 2024
14,583
Carrying amount
At 30 April 2024
90,250
4
Debtors
2024
Amounts falling due within one year:
£
Other debtors
24,762
LUSOPHONIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
£
Trade creditors
17,239
Taxation and social security
12,237
Other creditors
271,436
300,912

Included within other creditors is an amount of £125,000 which is subject to a charge over all company property or undertakings of the company.

 

6
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
£
1,491,667
2024-04-302023-04-23falsefalsefalse22 January 2025CCH SoftwareCCH Accounts Production 2024.301No description of principal activityMr Bruno Ricardo Almeida Da Silva148209652023-04-232024-04-30148209652024-04-3014820965core:PlantMachinery2024-04-3014820965core:CurrentFinancialInstrumentscore:WithinOneYear2024-04-3014820965core:CurrentFinancialInstruments2024-04-3014820965core:ShareCapital2024-04-3014820965core:RetainedEarningsAccumulatedLosses2024-04-3014820965bus:Director12023-04-232024-04-3014820965core:PlantMachinery2023-04-232024-04-3014820965core:PlantMachinery2023-04-2214820965core:WithinOneYear2024-04-3014820965bus:PrivateLimitedCompanyLtd2023-04-232024-04-3014820965bus:SmallCompaniesRegimeForAccounts2023-04-232024-04-3014820965bus:FRS1022023-04-232024-04-3014820965bus:AuditExemptWithAccountantsReport2023-04-232024-04-3014820965bus:FullAccounts2023-04-232024-04-30xbrli:purexbrli:sharesiso4217:GBP