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REGISTERED NUMBER: 08517303 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

THE LAUNDRY ROOM (LAPAL) LTD

THE LAUNDRY ROOM (LAPAL) LTD (REGISTERED NUMBER: 08517303)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE LAUNDRY ROOM (LAPAL) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: E Devonshire
A Devonshire





SECRETARY: P Devonshire





REGISTERED OFFICE: 495 Green Lanes
London
N13 4BS





REGISTERED NUMBER: 08517303 (England and Wales)





ACCOUNTANTS: Avraam Associates Limited
Chartered Accountants
495 Green Lanes
London
N13 4BS

THE LAUNDRY ROOM (LAPAL) LTD (REGISTERED NUMBER: 08517303)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 802 1,070
802 1,070

CURRENT ASSETS
Stocks 403 367
Debtors 6 11,602 9,874
Cash at bank 1,534 3,408
13,539 13,649
CREDITORS
Amounts falling due within one year 7 57,251 56,963
NET CURRENT LIABILITIES (43,712 ) (43,314 )
TOTAL ASSETS LESS CURRENT LIABILITIES (42,910 ) (42,244 )

CREDITORS
Amounts falling due after more than one
year

8

7,219

8,811
NET LIABILITIES (50,129 ) (51,055 )

CAPITAL AND RESERVES
Called up share capital 9 300 300
Retained earnings (50,429 ) (51,355 )
SHAREHOLDERS' FUNDS (50,129 ) (51,055 )

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

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

THE LAUNDRY ROOM (LAPAL) LTD (REGISTERED NUMBER: 08517303)

BALANCE SHEET - continued
31ST 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 12th February 2025 and were signed on its behalf by:




A Devonshire - Director



E Devonshire - Director


THE LAUNDRY ROOM (LAPAL) LTD (REGISTERED NUMBER: 08517303)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

The Laundry Room (Lapal) Ltd 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.

Turnover
Turnover represents net invoiced provision of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

THE LAUNDRY ROOM (LAPAL) LTD (REGISTERED NUMBER: 08517303)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2023
and 31st May 2024 14,700
AMORTISATION
At 1st June 2023
and 31st May 2024 14,700
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023
and 31st May 2024 19,000
DEPRECIATION
At 1st June 2023 17,930
Charge for year 268
At 31st May 2024 18,198
NET BOOK VALUE
At 31st May 2024 802
At 31st May 2023 1,070

THE LAUNDRY ROOM (LAPAL) LTD (REGISTERED NUMBER: 08517303)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 11,602 9,874

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,600 2,600
Taxation and social security 101 1
Other creditors 54,550 54,362
57,251 56,963

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,219 8,811

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 A Ordinary £1 100 100
200 B Ordinary £1 200 200
300 300

10. RELATED PARTY DISCLOSURES

Included within other creditors, is an amount of £52,862 (2022 - £52,862) due to Alucoat Limited, a company in which the director Mr E Devonshire has a material interest by virtue of his directorship and shareholding.

The 200 £1 B Ordinary shares are held by Alucoat Limited.