Registered number
05175885
London Restorers Limited
Filleted Accounts
31 July 2024
London Restorers Limited
Registered number: 05175885
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,231 1,642
Current assets
Stocks 405 405
Debtors 4 33,669 20,639
Cash at bank and in hand 22,271 25,625
56,345 46,669
Creditors: amounts falling due within one year 5 (42,733) (37,911)
Net current assets 13,612 8,758
Net assets 14,843 10,400
Capital and reserves
Called up share capital 100 100
Profit and loss account 14,743 10,300
Shareholder's funds 14,843 10,400
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.
John Mackenzie-Hasler
Director
Approved by the board on 16 April 2025
London Restorers Limited
Notes to the Accounts
for the year ended 31 July 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.
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, tools and equipment 25% on a reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 37,655
At 31 July 2024 37,655
Depreciation
At 1 August 2023 36,013
Charge for the year 411
At 31 July 2024 36,424
Net book value
At 31 July 2024 1,231
At 31 July 2023 1,642
4 Debtors 2024 2023
£ £
Trade debtors 31,669 18,639
Other debtors 2,000 2,000
33,669 20,639
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 190 190
Other creditors 42,543 37,721
42,733 37,911
6 Other information
London Restorers Limited is a private company limited by shares and incorporated in England. Its registered office is:
Pennyweights
Kenley
CR8 5HB
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