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REGISTERED NUMBER: 10576920 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2024

for

LUCY SAVANIS & CO DESIGN LIMITED

LUCY SAVANIS & CO DESIGN LIMITED (REGISTERED NUMBER: 10576920)

Contents of the Financial Statements
for the year ended 5 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LUCY SAVANIS & CO DESIGN LIMITED

Company Information
for the year ended 5 April 2024







DIRECTOR: Mrs L Savanis





REGISTERED OFFICE: Thorne Lancaster Parker
5th Floor Palladium House
1-4 Argyll Street
London
W1F 7TA





REGISTERED NUMBER: 10576920 (England and Wales)





ACCOUNTANTS: Thorne Lancaster Parker
5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA

LUCY SAVANIS & CO DESIGN LIMITED (REGISTERED NUMBER: 10576920)

Balance Sheet
5 April 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 43 220
Cash at bank 6,747 3,124
6,790 3,344
CREDITORS
Amounts falling due within one year 6 (73,526 ) (69,703 )
NET CURRENT LIABILITIES (66,736 ) (66,359 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(66,736

)

(66,359

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (66,836 ) (66,459 )
SHAREHOLDERS' FUNDS (66,736 ) (66,359 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 March 2025 and were signed by:





Mrs L Savanis - Director


LUCY SAVANIS & CO DESIGN LIMITED (REGISTERED NUMBER: 10576920)

Notes to the Financial Statements
for the year ended 5 April 2024


1. STATUTORY INFORMATION

Lucy Savanis & Co Design Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Property, plant and equipment are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all property, plant and equipment, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows;

Fixtures and fittings - 20% on cost
Computer Equipment - 25% on cost

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

LUCY SAVANIS & CO DESIGN LIMITED (REGISTERED NUMBER: 10576920)

Notes to the Financial Statements - continued
for the year ended 5 April 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 6 April 2023
and 5 April 2024 1,161 673 1,834
DEPRECIATION
At 6 April 2023
and 5 April 2024 1,161 673 1,834
NET BOOK VALUE
At 5 April 2024 - - -
At 5 April 2023 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 43 220

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 1,105 882
Directors' loan accounts 70,021 66,001
Accruals and deferred income 2,400 2,820
73,526 69,703

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100