1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-06-01 Sage Accounts Production Advanced 2024 - FRS102_2024 7,490 2,171 9,661 237 1,755 1,992 7,669 7,253 xbrli:pure xbrli:shares iso4217:GBP 13402794 2023-06-01 2024-05-31 13402794 2024-05-31 13402794 2023-05-31 13402794 2022-06-01 2023-05-31 13402794 2023-05-31 13402794 2022-05-31 13402794 core:FurnitureFittings 2023-06-01 2024-05-31 13402794 bus:Director1 2023-06-01 2024-05-31 13402794 core:FurnitureFittings 2023-05-31 13402794 core:FurnitureFittings 2024-05-31 13402794 core:WithinOneYear 2024-05-31 13402794 core:WithinOneYear 2023-05-31 13402794 core:ShareCapital 2024-05-31 13402794 core:ShareCapital 2023-05-31 13402794 core:RetainedEarningsAccumulatedLosses 2024-05-31 13402794 core:RetainedEarningsAccumulatedLosses 2023-05-31 13402794 core:FurnitureFittings 2023-05-31 13402794 bus:SmallEntities 2023-06-01 2024-05-31 13402794 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 13402794 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 13402794 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13402794 bus:FullAccounts 2023-06-01 2024-05-31 13402794 bus:Director1 1 2023-06-01 2024-05-31 13402794 core:KeyManagementPersonnel 2023-06-01 2024-05-31
COMPANY REGISTRATION NUMBER: 13402794
The London and Deptford Company Limited
Filleted Unaudited Financial Statements
31 May 2024
The London and Deptford Company Limited
Financial Statements
Year ended 31 May 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
The London and Deptford Company Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
7,669
7,253
Current assets
Debtors
6
13,183
1,780
Cash at bank and in hand
1,101
3,454
--------
-------
14,284
5,234
Creditors: amounts falling due within one year
7
14,611
12,560
--------
--------
Net current liabilities
327
7,326
-------
-------
Total assets less current liabilities
7,342
( 73)
-------
----
Net assets/(liabilities)
7,342
( 73)
-------
----
Capital and reserves
Called up share capital
1
1
Profit and loss account
7,341
( 74)
-------
----
Shareholders funds/(deficit)
7,342
( 73)
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
The London and Deptford Company Limited
Statement of Financial Position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 21 February 2025 , and are signed on behalf of the board by:
Mr E T A Maybank
Director
Company registration number: 13402794
The London and Deptford Company Limited
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tollesbury Tower Bridge Moorings, 31 Mill Street, Bermondsey, London, SE1 2AX, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for when the stay occurred, stated net of discounts.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Fixtures and fittings
£
Cost
At 1 June 2023
7,490
Additions
2,171
-------
At 31 May 2024
9,661
-------
Depreciation
At 1 June 2023
237
Charge for the year
1,755
-------
At 31 May 2024
1,992
-------
Carrying amount
At 31 May 2024
7,669
-------
At 31 May 2023
7,253
-------
6. Debtors
2024
2023
£
£
Other debtors
13,183
1,780
--------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
3,722
Trade creditors
880
Corporation tax
1,295
Social security and other taxes
1,990
Other creditors
6,724
12,560
--------
--------
14,611
12,560
--------
--------
8. Director's advances, credits and guarantees
During the year the director was advanced £11,111 (2023: nil). Interest was charged at 2.25% and amounted to £88.
9. Related party transactions
At the year end the director owed the company £11,199 (2023 was owed: £7,632).