Registered number
07952797
LEYTON LINEN SERVICES LIMITED
Filleted Accounts
31 March 2024
LEYTON LINEN SERVICES LIMITED
Registered number: 07952797
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 9,800 13,300
Tangible assets 4 287,688 271,150
297,488 284,450
Current assets
Debtors 5 147,326 121,974
Cash at bank and in hand 819,205 584,431
966,531 706,405
Creditors: amounts falling due within one year 6 (582,040) (423,447)
Net current assets 384,491 282,958
Total assets less current liabilities 681,979 567,408
Creditors: amounts falling due after more than one year 7 (12,448) (21,781)
Net assets 669,531 545,627
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 668,531 544,627
Shareholders' funds 669,531 545,627
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.
F Z Hussain
Director
Approved by the board on 25 March 2025
LEYTON LINEN SERVICES LIMITED
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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 and equipment 25% reducing balance
Land and buildings (building element only) 10% reducing balance
Motor vehicles 25% reducing balance
Land Not depreciated
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 18 17
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 35,000
At 31 March 2024 35,000
Amortisation
At 1 April 2023 21,700
Provided during the year 3,500
At 31 March 2024 25,200
Net book value
At 31 March 2024 9,800
At 31 March 2023 13,300
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Fixtures, fittings & equipment Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 206,239 146,250 84,762 437,251
Additions - 39,541 10,494 50,035
Disposals - - (7,920) (7,920)
At 31 March 2024 206,239 185,791 87,336 479,366
Depreciation
At 1 April 2023 38,591 103,010 24,500 166,101
Charge for the year 1,762 10,875 14,920 27,557
On disposals - - (1,980) (1,980)
At 31 March 2024 40,353 113,885 37,440 191,678
Net book value
At 31 March 2024 165,886 71,906 49,896 287,688
At 31 March 2023 167,648 43,240 60,262 271,150
5 Debtors 2024 2023
£ £
Trade debtors 147,326 121,974
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,991 10,648
Obligations under finance lease and hire purchase contracts 11,422 19,751
Trade creditors 51,856 35,072
Taxation and social security costs 175,472 149,531
Directors' loan 103,888 95,924
Accruals 4,000 11,522
Other creditors 225,411 100,999
582,040 423,447
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,448 21,781
8 Related party transactions
At the year end the company owed the directors £103,888 (2023: £95,924). The loan is repayable on demand and the rate of interest charged is 0%. The loan is presented within creditors: amounts falling due within one year.
9 Other information
LEYTON LINEN SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2 Reynolds Avenue
London
E12 6JS
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