Company registration number 14225257 (England and Wales)
LAVISH LANDJETS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
LAVISH LANDJETS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
LAVISH LANDJETS LTD (REGISTERED NUMBER: 14225257)
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
40,463
Current assets
Debtors
4
11,984
8,516
Cash at bank and in hand
818
470
12,802
8,986
Creditors: amounts falling due within one year
5
(15,996)
(6,167)
Net current (liabilities)/assets
(3,194)
2,819
Total assets less current liabilities
37,269
2,819
Creditors: amounts falling due after more than one year
6
(31,540)
-
Net assets
5,729
2,819
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
5,629
2,719
Total equity
5,729
2,819
LAVISH LANDJETS LTD (REGISTERED NUMBER: 14225257)
BALANCE SHEET (CONTINUED)
- 2 -
For the financial year ended 31 July 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 of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 22 August 2025
Mr Robert McLean
Director
LAVISH LANDJETS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
1
Accounting policies
Company information
Lavish Landjets Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 20-22 Wenlock Road, London, N1 7GU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
The amount of turnover can be measured reliably
It is probable that the company will receive the consideration due under the contract
The stage of completion of the contract at the end of the reporting period can be measured reliably
The costs incurred and the costs to complete the contract can be measured reliably
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Motor vehicles
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
LAVISH LANDJETS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023
Additions
43,161
At 31 July 2024
43,161
Depreciation and impairment
At 1 August 2023
Depreciation charged in the year
2,698
At 31 July 2024
2,698
Carrying amount
At 31 July 2024
40,463
At 31 July 2023
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
3,180
4,095
Other debtors
8,804
4,421
11,984
8,516
LAVISH LANDJETS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,759
219
Taxation and social security
708
725
Other creditors
12,529
5,223
15,996
6,167
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
31,540
7
Related party transactions
During the year, the company paid motor vehicle hire charges of £16,800 to a company under common control.
At the year end, the company was owed £8,804 (2023: £4,421) by a company under common control.