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REGISTERED NUMBER: 08215355 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

L & A Ventures Limited

L & A Ventures Limited (Registered number: 08215355)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


L & A Ventures Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mrs L Alexander





SECRETARY: L Alexander





REGISTERED OFFICE: 9 St George's Yard
Farnham
Surrey
GU9 7LW





REGISTERED NUMBER: 08215355 (England and Wales)





ACCOUNTANTS: Blackwood Futcher & Co.
Chartered Accountants
9 St George's Yard
Farnham
Surrey
GU9 7LW

L & A Ventures Limited (Registered number: 08215355)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 19,157 26,278

CURRENT ASSETS
Debtors 5 78,342 47,414
Cash at bank 16,548 15,972
94,890 63,386
CREDITORS
Amounts falling due within one year 6 34,991 19,163
NET CURRENT ASSETS 59,899 44,223
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,056

70,501

CREDITORS
Amounts falling due after more than one
year

7

(16,021

)

(19,164

)

PROVISIONS FOR LIABILITIES (3,640 ) (4,993 )
NET ASSETS 59,395 46,344

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 59,385 46,334
SHAREHOLDERS' FUNDS 59,395 46,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 May 2025 and were signed by:





Mrs L Alexander - Director


L & A Ventures Limited (Registered number: 08215355)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

L & A Ventures 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable of the company management consultancy activities and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost

Tangible fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.


On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss.

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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

L & A Ventures Limited (Registered number: 08215355)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 32,231
Additions 1,249
At 31 August 2024 33,480
DEPRECIATION
At 1 September 2023 5,953
Charge for year 8,370
At 31 August 2024 14,323
NET BOOK VALUE
At 31 August 2024 19,157
At 31 August 2023 26,278

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 29,000
DEPRECIATION
At 1 September 2023 3,952
Charge for year 7,250
At 31 August 2024 11,202
NET BOOK VALUE
At 31 August 2024 17,798
At 31 August 2023 25,048

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 78,342 47,414

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts - 113
Hire purchase contracts 3,491 3,060
Trade creditors 1,696 809
Taxation and social security 18,774 11,706
Other creditors 11,030 3,475
34,991 19,163

L & A Ventures Limited (Registered number: 08215355)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 16,021 19,164