Registered number
14113606
Lushgreen London Ltd
Unaudited Filleted Accounts
17 September 2024
Lushgreen London Ltd
Registered number: 14113606
Balance Sheet
as at 17 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 46,216
Current assets
Stocks - 15,516
Debtors 4 165,568 142,722
Cash at bank and in hand 69,466 317,607
235,034 475,845
Creditors: amounts falling due within one year 5 (229,449) (479,248)
Net current assets/(liabilities) 5,585 (3,403)
Net assets 5,585 42,813
Capital and reserves
Called up share capital 100 100
Profit and loss account 5,485 42,713
Shareholder's funds 5,585 42,813
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.
Mr X Gu
Director
Approved by the board on 20 May 2025
Lushgreen London Ltd
Notes to the Accounts
for the period from 1 June 2023 to 17 September 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:
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Motor Vehicles over 4 years
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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 25 20
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 30,090 21,299 - 51,389
Additions - - 45,029 45,029
Disposals (30,090) (21,299) (45,029) (96,418)
At 17 September 2024 - - - -
Depreciation
At 1 June 2023 2,339 2,834 - 5,173
Charge for the period 9,716 6,879 7,974 24,569
On disposals (12,055) (9,713) (7,974) (29,742)
At 17 September 2024 - - - -
Net book value
At 17 September 2024 - - - -
At 31 May 2023 27,751 18,465 - 46,216
4 Debtors 2024 2023
£ £
Trade debtors - 722
Other debtors 165,568 142,000
165,568 142,722
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 24,533 36,088
Taxation and social security costs 178,621 237,169
Other creditors 26,295 205,991
229,449 479,248
6 Controlling party
The company is under the control of the Director, Mr X Gu by virtue of his shareholding in the company.
7 Other information
Lushgreen London Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Joy King Lau
3 Leicester Street
London
WC2H 7BL
Lushgreen London Ltd 14113606 false 2023-06-01 2024-09-17 2024-09-17 VT Final Accounts April 2025 Mr X Gu No description of principal activity 14113606 2022-05-17 2023-05-31 14113606 core:WithinOneYear 2023-05-31 14113606 core:ShareCapital 2023-05-31 14113606 core:RetainedEarningsAccumulatedLosses 2023-05-31 14113606 2023-06-01 2024-09-17 14113606 bus:EntityNoLongerTradingButTradedInPast 2023-06-01 2024-09-17 14113606 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-09-17 14113606 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-09-17 14113606 bus:Director40 2023-06-01 2024-09-17 14113606 1 2023-06-01 2024-09-17 14113606 2 2023-06-01 2024-09-17 14113606 core:LandBuildings 2023-06-01 2024-09-17 14113606 core:PlantMachinery 2023-06-01 2024-09-17 14113606 core:Vehicles 2023-06-01 2024-09-17 14113606 countries:England 2023-06-01 2024-09-17 14113606 bus:FRS102 2023-06-01 2024-09-17 14113606 bus:FilletedAccounts 2023-06-01 2024-09-17 14113606 2024-09-17 14113606 core:WithinOneYear 2024-09-17 14113606 core:ShareCapital 2024-09-17 14113606 core:RetainedEarningsAccumulatedLosses 2024-09-17 14113606 core:LandBuildings 2024-09-17 14113606 core:PlantMachinery 2024-09-17 14113606 core:Vehicles 2024-09-17 14113606 2023-05-31 14113606 core:LandBuildings 2023-05-31 14113606 core:PlantMachinery 2023-05-31 14113606 core:Vehicles 2023-05-31 iso4217:GBP xbrli:pure