Registered number
07924003
Lavand Limited
Unaudited Filleted Accounts
31 January 2024
TEMPLETONS (HOLDINGS) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
Lavand Limited
Registered number: 07924003
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 250 295
Current assets
Stocks 18,250 18,250
Debtors 4 554 554
Cash at bank and in hand - 7,088
18,804 25,892
Creditors: amounts falling due within one year 5 (35,301) (35,304)
Net current liabilities (16,497) (9,412)
Total assets less current liabilities (16,247) (9,117)
Creditors: amounts falling due after more than one year 6 (24,654) (30,216)
Provisions for liabilities (27) (27)
Net liabilities (40,928) (39,360)
Capital and reserves
Called up share capital 1 1
Profit and loss account (40,929) (39,361)
Shareholder's funds (40,928) (39,360)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Ms Neda Haghighat
Director
Approved by the board on 11 March 2025
Lavand Limited
Notes to the Accounts
for the year ended 31 January 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 receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
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:
Plant and machinery 15% on Reducing balance
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 841
At 31 January 2024 841
Depreciation
At 1 February 2023 546
Charge for the year 45
At 31 January 2024 591
Net book value
At 31 January 2024 250
At 31 January 2023 295
4 Debtors 2024 2023
£ £
Other debtors 554 554
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loan and Overdraft ( see note 6 below) 10,010 10,000
Other creditors 25,291 25,304
35,301 35,304
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan 24,654 30,216
The bounce back loan is unsecured and is repayable over a period of five years.
7 Controlling party
The company was under the control of Ms Neda Haghighat, the only shareholder and Director throughout the year.
8 Other information
Lavand Limited is a private company limited by shares and incorporated in England. Its registered office is:
309 Hoe Street
Walthamstow
London
E17 9BG
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