Company Registration No. 11365991 (England and Wales)
Lauren Aston Designs Limited
Unaudited accounts
for the year ended 31 May 2024
Lauren Aston Designs Limited
Unaudited accounts
Contents
Lauren Aston Designs Limited
Company Information
for the year ended 31 May 2024
Company Number
11365991 (England and Wales)
Registered Office
27 COMMERCIAL ROAD
EXETER
EX2 4AE
ENGLAND
Accountants
Adder Bookkeeping Ltd
Unit 20 Craycombe Farm
Evesham Road
Fladbury
Worcestershire
WR10 2QS
Lauren Aston Designs Limited
Statement of financial position
as at 31 May 2024
Tangible assets
1,939
1,637
Cash at bank and in hand
137,394
137,324
Creditors: amounts falling due within one year
(45,991)
(38,453)
Net current assets
126,955
163,980
Net assets
128,894
165,617
Called up share capital
100
100
Profit and loss account
128,794
165,517
Shareholders' funds
128,894
165,617
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 February 2025 and were signed on its behalf by
Lauren Aston
Director
Company Registration No. 11365991
Lauren Aston Designs Limited
Notes to the Accounts
for the year ended 31 May 2024
Lauren Aston Designs Limited is a private company, limited by shares, registered in England and Wales, registration number 11365991. The registered office is 27 COMMERCIAL ROAD, EXETER, EX2 4AE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The director believes the company continues to experience good levels of sales and it well placed to manage its business risks successfully. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, she continues to adopt the going concern basis in preparing the financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation on a 4 year straight line basis.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
4 years straight line
Computer equipment
4 years straight line
Lauren Aston Designs Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
1,627
1,666
3,293
At 31 May 2024
2,206
2,588
4,794
At 1 June 2023
407
1,249
1,656
Charge for the year
552
647
1,199
At 31 May 2024
959
1,896
2,855
At 31 May 2024
1,247
692
1,939
At 31 May 2023
1,220
417
1,637
Raw materials
25,806
41,991
Stocks are valued at the lower of cost and net realisable value.
Amounts falling due within one year
Accrued income and prepayments
1,770
4,753
Other debtors
7,976
11,113
Lauren Aston Designs Limited
Notes to the Accounts
for the year ended 31 May 2024
8
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,049
8,643
Taxes and social security
-
1,487
Loans from directors
43,359
28,323
The director's loan from Lauren Aston to Lauren Aston Designs Limited is interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 3 (2023: 1).