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Company No: 11710507 (England and Wales)

DOLCE VITA LYNDHURST LTD

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

DOLCE VITA LYNDHURST LTD

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

DOLCE VITA LYNDHURST LTD

BALANCE SHEET

As at 31 July 2024
DOLCE VITA LYNDHURST LTD

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 21,309 31,224
21,309 31,224
Current assets
Debtors 4 7,350 8,991
Cash at bank and in hand 97,233 29,244
104,583 38,235
Creditors: amounts falling due within one year 5 ( 38,558) ( 18,797)
Net current assets 66,025 19,438
Total assets less current liabilities 87,334 50,662
Net assets 87,334 50,662
Capital and reserves
Called-up share capital 3,100 3,100
Profit and loss account 84,234 47,562
Total shareholder's funds 87,334 50,662

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Dolce Vita Lyndhurst Ltd (registered number: 11710507) were approved and authorised for issue by the Director on 07 February 2025. They were signed on its behalf by:

Mr C Reina
Director
DOLCE VITA LYNDHURST LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
DOLCE VITA LYNDHURST LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dolce Vita Lyndhurst Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 5 years straight line
Plant and machinery 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 4 1

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Total
£ £ £
Cost
At 01 August 2023 48,047 7,188 55,235
Additions 0 2,787 2,787
At 31 July 2024 48,047 9,975 58,022
Accumulated depreciation
At 01 August 2023 19,218 4,793 24,011
Charge for the financial year 9,610 3,092 12,702
At 31 July 2024 28,828 7,885 36,713
Net book value
At 31 July 2024 19,219 2,090 21,309
At 31 July 2023 28,829 2,395 31,224

4. Debtors

2024 2023
£ £
Trade debtors 0 234
Other debtors 7,350 8,757
7,350 8,991

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,530 830
Taxation and social security 35,031 15,548
Other creditors 1,997 2,419
38,558 18,797

6. Financial commitments

Commitments

Capital commitments are as follows:

2024 2023
£ £
Contracted for but not provided for:
Other 425,000 450,000

7. Related party transactions

The Director loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

On 1 August 2023, the balance owed by the Director was £1,407. During the year, £13,553 was advanced and £15,029 was repaid by the Director. On 31 July 2024, the balance owed to the Director was £69.