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REGISTERED NUMBER: 01014271 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Duchess Launderettes (Halesworth)
Limited

Duchess Launderettes (Halesworth)
Limited (Registered number: 01014271)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Duchess Launderettes (Halesworth)
Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs L Caplin
W Kemp





REGISTERED OFFICE: Bankside
Harepark Close
Halesworth
Suffolk
IP19 8TT





REGISTERED NUMBER: 01014271 (England and Wales)





ACCOUNTANTS: Mark Carter Accountancy Services Ltd
65 Kennedy Avenue
Halesworth
Suffolk
IP19 8EQ

Duchess Launderettes (Halesworth)
Limited (Registered number: 01014271)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,342 54,235

CURRENT ASSETS
Debtors 5 2,621 2,343
Cash at bank 26,565 34,106
29,186 36,449
CREDITORS
Amounts falling due within one year 6 1,790 2,846
NET CURRENT ASSETS 27,396 33,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,738

87,838

PROVISIONS FOR LIABILITIES 986 834
NET ASSETS 86,752 87,004

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 84,752 85,004
SHAREHOLDERS' FUNDS 86,752 87,004

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Duchess Launderettes (Halesworth)
Limited (Registered number: 01014271)

Balance Sheet - continued
31 May 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by:





Mrs L Caplin - Director


Duchess Launderettes (Halesworth)
Limited (Registered number: 01014271)

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

1. STATUTORY INFORMATION

Duchess Launderettes (Halesworth) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 been consistently applied within the same accounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance

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


Duchess Launderettes (Halesworth)
Limited (Registered number: 01014271)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

Turnover
The company's turnover represents the value, excluding value added tax, of goods and services supplied to customers during the year.

Depreciation
No depreciation is provided on freehold property as the directors consider that this would not be material.

Impairment of assets
Assets which are not carried at fair value are reviewed for evidence of impairment at each reporting date. Where the asset is showing indicators of impairment, the recoverable amount of the asset is estimated and then compared to the carrying value in the financial statements. Where the carrying amount is in excess of recoverable amount, an impairment loss is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

Duchess Launderettes (Halesworth)
Limited (Registered number: 01014271)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property Equipment fittings Totals
£    £    £    £   
COST
At 1 June 2023 49,846 50,444 623 100,913
Additions - 8,050 - 8,050
At 31 May 2024 49,846 58,494 623 108,963
DEPRECIATION
At 1 June 2023 - 46,138 540 46,678
Charge for year - 1,935 8 1,943
At 31 May 2024 - 48,073 548 48,621
NET BOOK VALUE
At 31 May 2024 49,846 10,421 75 60,342
At 31 May 2023 49,846 4,306 83 54,235

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 2,621 2,343

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 131 1,543
Other creditors 1,659 1,303
1,790 2,846