Registered number
04928777
London Fashion Trading Limited
Filleted Accounts
31 October 2024
London Fashion Trading Limited
Registered number: 04928777
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 156,291 158,891
Investments held as current assets 4 26 26
Cash at bank and in hand 7,733 5,274
164,050 164,191
Creditors: amounts falling due within one year 5 (47,009) (46,229)
Net current assets 117,041 117,962
Net assets 117,041 117,962
Capital and reserves
Called up share capital 100 100
Profit and loss account 116,941 117,862
Shareholder's funds 117,041 117,962
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 his 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.
V. Somfaleanu
Director
Approved by the board on 24 April 2025
London Fashion Trading Limited
Notes to the Accounts
for the year ended 31 October 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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 129,178 131,778
Other debtors 27,113 27,113
156,291 158,891
4 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 26 26
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 47,009 46,229
6 Other information
London Fashion Trading Limited is a private company limited by shares and incorporated in England. Its registered office is:
54 Crest View Drive
Petts Wood
Kent
BR5 1BY
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