Company registration number 02268642 (England and Wales)
LONDON WALL DESIGN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
LONDON WALL DESIGN LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
LONDON WALL DESIGN LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
38,062
24,731
Current assets
Stocks
249,500
137,242
Debtors
6
3,490,768
2,725,775
Cash at bank and in hand
1,026,944
977,264
4,767,212
3,840,281
Creditors: amounts falling due within one year
7
(3,644,565)
(2,748,052)
Net current assets
1,122,647
1,092,229
Total assets less current liabilities
1,160,709
1,116,960
Provisions for liabilities
(8,182)
(8,182)
Net assets
1,152,527
1,108,778
Capital and reserves
Called up share capital
101
101
Profit and loss reserves
8
1,152,426
1,108,677
Total equity
1,152,527
1,108,778

For the financial 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 in question in accordance with section 476.

The directors acknowledge their 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 directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 March 2025 and are signed on its behalf by:
Mr B Nowakowski
Director
Company registration number 02268642 (England and Wales)
LONDON WALL DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

London Wall 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.

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

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

1.3
Intangible fixed assets other than goodwill

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Software
amortised evenly over its estimated useful life of nil years.
1.4
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 provided at the following annual rates in order to write off each asset over its estimated useful

life.

Land and buildings
over the life of the property lease
Plant and machinery
15% reducing balance
Fixtures and fittings
15% reducing balance
Computers
20% straight line
1.5
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

 

 

1.6
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.

LONDON WALL DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 3 -
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

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

 

Current tax

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.

 

1.9
Retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

1.10
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.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

LONDON WALL DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
22
18
4
Intangible fixed assets
Software
£
Cost
At 1 July 2023
3,818
Disposals
(3,818)
At 30 June 2024
-
0
Amortisation and impairment
At 1 July 2023
3,818
Disposals
(3,818)
At 30 June 2024
-
0
Carrying amount
At 30 June 2024
-
0
At 30 June 2023
-
0
LONDON WALL DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
5
Tangible fixed assets
Land and buildings
Plant and machinery
Fixtures and fittings
Computers
Total
£
£
£
£
£
Cost
At 1 July 2023
139,872
-
0
293,079
83,684
516,635
Additions
-
0
12,240
-
0
10,412
22,652
At 30 June 2024
139,872
12,240
293,079
94,096
539,287
Depreciation and impairment
At 1 July 2023
139,872
-
0
279,602
72,430
491,904
Depreciation charged in the year
-
0
153
2,022
7,146
9,321
At 30 June 2024
139,872
153
281,624
79,576
501,225
Carrying amount
At 30 June 2024
-
0
12,087
11,455
14,520
38,062
At 30 June 2023
-
0
-
0
13,477
11,254
24,731
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
852,897
1,104,533
Gross amounts owed by contract customers
668,836
319,475
Amounts owed by group undertakings
1,837,080
1,200,437
Other debtors
51,678
35,818
Prepayments and accrued income
80,277
65,512
3,490,768
2,725,775
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
747,393
602,111
Amounts owed to group undertakings
2,370,681
2,043,552
Corporation tax
133,774
4,356
Other taxation and social security
24,196
19,142
Other creditors
1,029
2,756
Accruals and deferred income
367,492
76,135
3,644,565
2,748,052
LONDON WALL DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
8
Profit and loss reserves
2024
2023
£
£
At the beginning of the year
1,108,677
1,058,697
Profit for the year
418,749
464,980
Dividends declared and paid in the year
(375,000)
(415,000)
At the end of the year
1,152,426
1,108,677
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