REGISTERED NUMBER: |
Unaudited Financial Statements |
for the period |
1 January 2024 to 30 November 2024 |
for |
THE LONDON DISPLAY COMPANY LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the period |
1 January 2024 to 30 November 2024 |
for |
THE LONDON DISPLAY COMPANY LIMITED |
THE LONDON DISPLAY COMPANY LIMITED (REGISTERED NUMBER: 02774709) |
Contents of the Financial Statements |
for the period 1 January 2024 to 30 November 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
THE LONDON DISPLAY COMPANY LIMITED |
Company Information |
for the period 1 January 2024 to 30 November 2024 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
New Derwent House |
69-73 Theobalds Road |
London |
WC1X 8TA |
THE LONDON DISPLAY COMPANY LIMITED (REGISTERED NUMBER: 02774709) |
Balance Sheet |
30 November 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Debtors | 5 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 6 |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities | 8 |
Net assets |
Capital and reserves |
Called up share capital | 9 |
Retained earnings |
Shareholders' funds |
The directors acknowledge their 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 were approved by the Board of Directors and authorised for issue on |
THE LONDON DISPLAY COMPANY LIMITED (REGISTERED NUMBER: 02774709) |
Notes to the Financial Statements |
for the period 1 January 2024 to 30 November 2024 |
1. | Statutory information |
The London Display Company Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover 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 |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Financial instruments |
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts. |
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
Pension costs and other post-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. |
3. | Employees and directors |
The average number of employees during the period was |
THE LONDON DISPLAY COMPANY LIMITED (REGISTERED NUMBER: 02774709) |
Notes to the Financial Statements - continued |
for the period 1 January 2024 to 30 November 2024 |
4. | Tangible fixed assets |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
Cost |
At 1 January 2024 |
Additions |
At 30 November 2024 |
Depreciation |
At 1 January 2024 |
Charge for period |
At 30 November 2024 |
Net book value |
At 30 November 2024 |
At 31 December 2023 |
5. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
6. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | Leasing agreements |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
£ | £ |
Within one year |
8. | Provisions for liabilities |
2024 | 2023 |
£ | £ |
Deferred tax | 1,557 | 1,931 |
THE LONDON DISPLAY COMPANY LIMITED (REGISTERED NUMBER: 02774709) |
Notes to the Financial Statements - continued |
for the period 1 January 2024 to 30 November 2024 |
8. | Provisions for liabilities - continued |
Deferred |
tax |
£ |
Balance at 1 January 2024 |
Credit to Statement of Income and Retained Earnings during period | ( |
) |
Balance at 30 November 2024 |
9. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
A shares | £1 | 90 | 90 |
B shares | £1 | 10 | 10 |
100 | 100 |
10. | Directors' advances, credits and guarantees |
The following advances and credits to directors subsisted during the period ended 30 November 2024 and the year ended 31 December 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
Balance outstanding at start of period | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
11. | Related party disclosures |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned companies within the group. |
12. | Ultimate controlling party |
The immediate and ultimate parent company is The London Display Holdings Ltd, a company registered in England & Wales. |