Company registration number 8533777 (England and Wales)
LE SAVOIR ETRE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MAY 2024
PAGES FOR FILING WITH REGISTRAR
LE SAVOIR ETRE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
LE SAVOIR ETRE LTD
BALANCE SHEET
AS AT 30 MAY 2024
30 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
250
Current assets
Debtors
4
1,110
Cash at bank and in hand
30
1,140
Creditors: amounts falling due within one year
5
(86,017)
(77,601)
Net current liabilities
(86,017)
(76,461)
Total assets less current liabilities
(86,017)
(76,211)
Creditors: amounts falling due after more than one year
6
(22,102)
(31,908)
Net liabilities
(108,119)
(108,119)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(108,120)
(108,120)
Total equity
(108,119)
(108,119)
For the financial year ended 30 May 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The member has 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 25 February 2025
Mr O Pluck
Director
Company registration number 8533777 (England and Wales)
LE SAVOIR ETRE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MAY 2024
- 2 -
1
Accounting policies
Company information
Le Savoir Etre Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 47-49 Brudenell Grove, Leeds, England, LS6 1HR.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has not traded during the year. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.2
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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
20% straight line
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.
1.4
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 current liabilities.
1.5
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
LE SAVOIR ETRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MAY 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Debtors and creditors receivable or payable within one year
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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
2
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 31 May 2023
9,981
Disposals
(9,981)
At 30 May 2024
Depreciation and impairment
At 31 May 2023
9,731
Eliminated in respect of disposals
(9,731)
At 30 May 2024
Carrying amount
At 30 May 2024
At 30 May 2023
250
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
1,110
LE SAVOIR ETRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MAY 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
9,807
5,688
Trade creditors
2,676
8,843
Taxation and social security
(338)
(338)
Other creditors
73,872
63,408
86,017
77,601
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
22,102
31,908