Registered number
12308935
LVRYYY LTD
Filleted Accounts
31 March 2024
LVRYYY LTD
Registered number: 12308935
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,649 832
Current assets
Investments held as current assets 4 50,000 -
Cash at bank and in hand 303,609 213,751
353,609 213,751
Creditors: amounts falling due within one year 5 (80,086) (65,755)
Net current assets 273,523 147,996
Net assets 275,172 148,828
Capital and reserves
Called up share capital 100 100
Profit and loss account 275,072 148,728
Shareholders' funds 275,172 148,828
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Lorenzo Valero Remohi
Director
Approved by the board on 27 February 2025
LVRYYY LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 1,482
Additions 1,230
At 31 March 2024 2,712
Depreciation
At 1 April 2023 650
Charge for the year 413
At 31 March 2024 1,063
Net book value
At 31 March 2024 1,649
At 31 March 2023 832
4 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 50,000 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,980 1,500
Taxation and social security costs 49,169 35,705
Other creditors 28,937 28,550
80,086 65,755
6 Other information
LVRYYY LTD is a private company limited by shares and incorporated in England. Its registered office is:
2 Gypsy Moth Lane
Cambridge
CB5 8XR
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