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REGISTERED NUMBER: 01990954 (England and Wales)




















Financial Statements

for the Period

29 May 2023 to 26 May 2024

for

LARKBRACE LIMITED

LARKBRACE LIMITED (REGISTERED NUMBER: 01990954)






Contents of the Financial Statements
for the Period 29 May 2023 to 26 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LARKBRACE LIMITED

Company Information
for the Period 29 May 2023 to 26 May 2024







DIRECTORS: N Platts-Martin
R B Poole





SECRETARY: N Platts-Martin





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 01990954 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

LARKBRACE LIMITED (REGISTERED NUMBER: 01990954)

Statement of Financial Position
26 May 2024

26.5.24 28.5.23
Notes £    £   
FIXED ASSETS
Tangible fixed assets 4 1,105,037 1,182,193

CURRENT ASSETS
Stocks 713,141 718,040
Debtors 5 96,234 96,214
Cash at bank and in hand 531,460 740,878
1,340,835 1,555,132
CREDITORS
Amounts falling due within one year 6 (1,082,738 ) (1,176,568 )
NET CURRENT ASSETS 258,097 378,564
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,363,134

1,560,757

PROVISIONS FOR LIABILITIES (24,318 ) (22,548 )
NET ASSETS 1,338,816 1,538,209

CAPITAL AND RESERVES
Called up share capital 7 155,000 155,000
Retained earnings 1,183,816 1,383,209
SHAREHOLDERS' FUNDS 1,338,816 1,538,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 26 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 26 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.

LARKBRACE LIMITED (REGISTERED NUMBER: 01990954)

Statement of Financial Position - continued
26 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





N Platts-Martin - Director


LARKBRACE LIMITED (REGISTERED NUMBER: 01990954)

Notes to the Financial Statements
for the Period 29 May 2023 to 26 May 2024

1. STATUTORY INFORMATION

Larkbrace 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 20 years
Short leasehold property - in accordance with the property leases
Plant and machinery - 15% on cost
Furniture, fittings & office equipment - 20% on cost and Straight line over 3 years
Website - 50% on cost

The carrying values of tangible fixed assets are reviewed for impairment when events or changes of circumstances indicate the carrying values may not be recoverable.

Stocks
Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.

Net realisable value is based on estimated selling price less any further costs expected to be incurred.

Foreign currencies
Transactions in foreign currencies are initially recorded in the entity's functional currency by applying the spot exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the income statement.

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 period was 68 (2023 - 65 ) .

LARKBRACE LIMITED (REGISTERED NUMBER: 01990954)

Notes to the Financial Statements - continued
for the Period 29 May 2023 to 26 May 2024

4. TANGIBLE FIXED ASSETS
Short
Freehold leasehold Plant and
property property machinery
£    £    £   
COST
At 29 May 2023 1,200,832 551,437 552,754
Additions - - 3,080
Disposals - - (1,538 )
At 26 May 2024 1,200,832 551,437 554,296
DEPRECIATION
At 29 May 2023 239,511 399,860 519,850
Charge for period 60,042 23,518 9,297
Eliminated on disposal - - (1,538 )
At 26 May 2024 299,553 423,378 527,609
NET BOOK VALUE
At 26 May 2024 901,279 128,059 26,687
At 28 May 2023 961,321 151,577 32,904

Furniture,
fittings
& office
equipment Website Totals
£    £    £   
COST
At 29 May 2023 345,100 6,482 2,656,605
Additions 29,889 - 32,969
Disposals (6,380 ) - (7,918 )
At 26 May 2024 368,609 6,482 2,681,656
DEPRECIATION
At 29 May 2023 308,709 6,482 1,474,412
Charge for period 17,268 - 110,125
Eliminated on disposal (6,380 ) - (7,918 )
At 26 May 2024 319,597 6,482 1,576,619
NET BOOK VALUE
At 26 May 2024 49,012 - 1,105,037
At 28 May 2023 36,391 - 1,182,193

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.5.24 28.5.23
£    £   
Trade debtors 45,743 52,241
Other debtors 50,491 43,973
96,234 96,214

LARKBRACE LIMITED (REGISTERED NUMBER: 01990954)

Notes to the Financial Statements - continued
for the Period 29 May 2023 to 26 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.5.24 28.5.23
£    £   
Trade creditors 337,164 455,188
Taxation and social security 561,055 513,638
Other creditors 184,519 207,742
1,082,738 1,176,568

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 26.5.24 28.5.23
value: £    £   
62,000 Ordinary £1 62,000 62,000
31,000 "A" Ordinary £1 31,000 31,000
7,500 "B" Ordinary £1 7,500 7,500
54,500 "C" Ordinary £1 54,500 54,500
155,000 155,000