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Registered number: 11911930
Little French Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11911930
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 60,857 46,103
60,857 46,103
CURRENT ASSETS
Stocks 5 74,681 24,674
Debtors 6 294,662 188,589
Cash at bank and in hand 50,947 81,517
420,290 294,780
Creditors: Amounts Falling Due Within One Year 7 (430,813 ) (434,698 )
NET CURRENT ASSETS (LIABILITIES) (10,523 ) (139,918 )
TOTAL ASSETS LESS CURRENT LIABILITIES 50,334 (93,815 )
Creditors: Amounts Falling Due After More Than One Year 8 (34,521 ) (21,723 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,215 ) (8,729 )
NET ASSETS/(LIABILITIES) 598 (124,267 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 498 (124,367 )
SHAREHOLDERS' FUNDS 598 (124,267)
Page 1
Page 2
For the year ending 31 March 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr F H Bird
Director
31 December 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Little French Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11911930 . The registered office is 25 Cotham Grove, Bristol, BS6 6AN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold not provided
Plant & Machinery 15% on reducing balance
Motor Vehicles 20% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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Page 4
2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2023: 29)
23 29
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 2,187 72,547 - 17,918
Additions - 1,246 29,167 3,333
As at 31 March 2024 2,187 73,793 29,167 21,251
Depreciation
As at 1 April 2023 2,187 36,889 - 9,380
Provided during the period - 11,069 4,375 3,188
As at 31 March 2024 2,187 47,958 4,375 12,568
Net Book Value
As at 31 March 2024 - 25,835 24,792 8,683
As at 1 April 2023 - 35,658 - 8,538
Computer Equipment Total
£ £
Cost
As at 1 April 2023 6,081 98,733
Additions 403 34,149
As at 31 March 2024 6,484 132,882
...CONTINUED
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Page 5
Depreciation
As at 1 April 2023 4,174 52,630
Provided during the period 763 19,395
As at 31 March 2024 4,937 72,025
Net Book Value
As at 31 March 2024 1,547 60,857
As at 1 April 2023 1,907 46,103
5. Stocks
2024 2023
£ £
Stock 74,681 24,674
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 78,120 59,214
Other debtors 134,000 129,375
Directors' loan accounts 61,714 -
273,834 188,589
Due after more than one year
Corporation tax recoverable assets 20,828 -
294,662 188,589
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,000 -
Trade creditors 110,958 112,516
Bank loans and overdrafts 10,648 10,648
Corporation tax 71,405 52,365
Other taxes and social security 39,602 53,215
Other creditors 183,071 174,182
Accruals and deferred income 8,129 19,453
Directors' loan accounts - 12,319
430,813 434,698
Page 5
Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 22,750 -
Bank loans 11,771 21,723
34,521 21,723
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,000 -
Later than one year and not later than five years 22,750 -
29,750 -
29,750 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6