1 February 2023 v2025.5.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP131450142023-02-012024-01-31131450142024-01-31131450142023-01-3113145014core:WithinOneYear2024-01-3113145014core:WithinOneYear2023-01-3113145014core:AfterOneYear2024-01-3113145014core:AfterOneYear2023-01-3113145014core:ShareCapital2024-01-3113145014core:ShareCapital2023-01-3113145014core:RetainedEarningsAccumulatedLosses2024-01-3113145014core:RetainedEarningsAccumulatedLosses2023-01-3113145014bus:Director12023-02-012024-01-3113145014bus:RegisteredOffice2023-02-012024-01-3113145014core:LandBuildings2024-01-3113145014core:LandBuildings2023-02-0113145014core:LandBuildings2023-02-012024-01-3113145014core:LandBuildings2023-01-311314501412023-02-012024-01-31131450142022-02-012023-01-3113145014countries:EnglandWales2023-02-012024-01-3113145014bus:AuditExemptWithAccountantsReport2023-02-012024-01-3113145014bus:PrivateLimitedCompanyLtd2023-02-012024-01-3113145014bus:SmallEntities2023-02-012024-01-3113145014bus:FullAccounts2023-02-012024-01-31
Company registration number:
13145014
Laura Carnaby Ltd
Unaudited Filleted Financial Statements for the year ended
31 January 2024
Laura Carnaby Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Laura Carnaby Ltd
Year ended
31 January 2024
As described on the statement of financial position, the Board of Directors of
Laura Carnaby Ltd
are responsible for the preparation of the
financial statements
for the year ended
31 January 2024
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Real Time Accountants
Anson House
1 Cae'r Llynen
Llandudno Junction
Conwy
LL31 9LS
United Kingdom
Laura Carnaby Ltd
Statement of Financial Position
31 January 2024
20242023
Note££
Fixed assets    
Tangible assets 5
69,620
 
71,041
 
Current assets    
Cash at bank and in hand
13
 
395
 
Creditors: amounts falling due within one year 6
(41,287
)
(41,452
)
Net current liabilities
(41,274
)
(41,057
)
Total assets less current liabilities 28,346   29,984  
Creditors: amounts falling due after more than one year 7
(29,958
)
(31,529
)
Net liabilities
(1,612
)
(1,545
)
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
(1,614
)
(1,547
)
Shareholders deficit
(1,612
)
(1,545
)
For the year ending
31 January 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • 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;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
31 May 2024
, and are signed on behalf of the board by:
L Carnaby
Director
Company registration number:
13145014
Laura Carnaby Ltd
Notes to the Financial Statements
Year ended
31 January 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Carnaby School Of Dance
,
Bow Street
,
Oldham
,
Lancashire
,
OL1 1SJ
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Tangible assets

Land and buildings
£
Cost  
At
1 February 2023
and
31 January 2024
72,491
 
Depreciation  
At
1 February 2023
1,450
 
Charge
1,421
 
At
31 January 2024
2,871
 
Carrying amount  
At
31 January 2024
69,620
 
At 31 January 2023
71,041
 

6 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
3,771
 
3,771
 
Taxation and social security
295
  -  
Other creditors
37,221
 
37,681
 
41,287
 
41,452
 

7 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
29,958
 
31,529
 

8 Director's advances, credit and guarantees

Included within other creditors is a directors loan of £36,741 (2023: £37,201). During the year, the amount advanced was £3,972 and the amount repaid was £4,432. The loan is unsecured, interest free and repayable on demand.