Company Registration No. 13498011 (England and Wales)
A. Lafont Limited
Unaudited accounts
for the year ended 31 August 2024
A. Lafont Limited
Unaudited accounts
Contents
A. Lafont Limited
Company Information
for the year ended 31 August 2024
Directors
Neil Boston
Nicolas Sandjian
Gaël Jean Vanneuville
Company Number
13498011 (England and Wales)
Registered Office
28 Melford Court
Hardwick Grange
Woolston
Warrington
WA1 4RZ
Accountants
Sarah Harrison Accountancy Services Limited
48 Highfield Road
Lymm
Cheshire
WA13 0EF
A. Lafont Limited
Statement of financial position
as at 31 August 2024
Tangible assets
962
47,622
Cash at bank and in hand
40,666
44,320
Creditors: amounts falling due within one year
(1,840,724)
(1,819,112)
Net current liabilities
(1,727,570)
(1,214,084)
Net liabilities
(1,726,608)
(1,166,462)
Called up share capital
100
100
Profit and loss account
(1,726,708)
(1,166,562)
Shareholders' funds
(1,726,608)
(1,166,462)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by
Neil Boston
Director
Company Registration No. 13498011
A. Lafont Limited
Notes to the Accounts
for the year ended 31 August 2024
A. Lafont Limited is a private company, limited by shares, registered in England and Wales, registration number 13498011. The registered office is 28 Melford Court, Hardwick Grange, Woolston, Warrington, WA1 4RZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
As noted in the Directors' Report, the Company ceased trading as at 30 April 2024 and accordingly, the financial statements have been prepared on the basis other than going concern. The directors have received confirmation that the financial support of the parent company, Cepovett SAS, will continue in order to enable the Company to meet its liabilities as they fall due. The Directors intend to liquidate the Company in due course, once all remaining balances have been settled.
The company has ceased trading and therefore the financial statements have been prepared on a basis other than the going concern basis. This basis includes, where applicable, writing the company's assets down to net realisable value. Fixed assets have been restated to recoverable amounts on the grounds that the company is no longer trading and are available for sale in their current condition and current assets have been stated at recoverable amounts. Provisions have also been made in respect of contracts that have become onerous at the balance sheet date. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 years
Computer equipment
3 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
A. Lafont Limited
Notes to the Accounts
for the year ended 31 August 2024
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2023
902
16,880
41,424
10,259
69,465
Additions
-
-
861
717
1,578
Disposals
(184)
(16,880)
(34,172)
(10,976)
(62,212)
At 31 August 2024
718
-
8,113
-
8,831
At 1 September 2023
285
4,933
12,085
4,540
21,843
Charge for the year
513
5,232
18,241
2,133
26,119
On disposals
(80)
(10,165)
(23,175)
(6,673)
(40,093)
At 31 August 2024
718
-
7,151
-
7,869
At 31 August 2024
-
-
962
-
962
At 31 August 2023
617
11,947
29,339
5,719
47,622
Amounts falling due within one year
Accrued income and prepayments
37,634
40,918
Other debtors
30,076
38,271
A. Lafont Limited
Notes to the Accounts
for the year ended 31 August 2024
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
13,242
24,751
Amounts owed to group undertakings and other participating interests
1,777,581
1,766,475
Taxes and social security
-
9,465
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £nil (2023: £1,462) were due to the fund. They are included in other creditors.
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Operating lease commitments
2024
2023
At 31 August 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
49,490
50,249
Later than one year and not later than five years
-
37,398
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Transactions with related parties
The immediate and ultimate parent undertaking and controlling party is Cepovett SAS, which prepares group financial statements. The registered office address of Cepovett SAS is 150 ancienne route de Beaujeu, 69400 Gleize.
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Average number of employees
During the year the average number of employees was 4 (2023: 6).