Registered Number:SC232600 |
For the year ended 30 June 2024
Scotland
Unaudited Financial Statements
For the year ended 30 June 2024
LFEE Europe Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
LFEE Europe Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
148
297
2
148
297
273,756
Cash and cash equivalents |
160,167
160,167
273,756
Trade and other payables: amounts falling due within one |
year |
(140,969)
(124,529)
4
132,787
35,638
Net current assets
Total assets less current liabilities |
35,786
133,084
35,786
Net assets
133,084
2
2
35,784
133,082
35,786
133,084
Shareholders' funds
For the year ended 30 June 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 of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Richard Tallaron Director |
These financial statements were approved and authorised for issue by the Board on 12 February 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 June 2024
LFEE Europe Ltd
Notes to the Financial Statements
Statutory Information
LFEE Europe Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number |
SC232600. |
The Green House
41 St. Bernards Crescent
Edinburgh
EH4 1NR
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
2. Property, plant and equipment |
1,637
1,637
Provision for depreciation and impairment |
1,340
Charge for year
149
1,489
148
297
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For the year ended 30 June 2024
LFEE Europe Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables |
Short-term debtors are measured at fair value at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and measured subsequently at amortised cost using the effective interest method, less any impairment. |
4. Trade and other payables: amounts falling due within one year |
2023
2024
Taxation and social security |
-
18,192
124,529
122,777
124,529
140,969
Short-term creditors are measured at the transaction price. Other financial laibilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
5. Average number of persons employed |
During the year the average number of employees was 3 (2023 : 3)
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