LATTY INTERNATIONAL LTD

Company Registration Number:
02574066 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

LATTY INTERNATIONAL LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

LATTY INTERNATIONAL LTD

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 6,355 2,183
Total fixed assets: 6,355 2,183
Current assets
Stocks: 259,252 220,502
Debtors:   480,583 402,531
Cash at bank and in hand: 139,399 87,748
Total current assets: 879,234 710,781
Creditors: amounts falling due within one year:   (627,019) (477,398)
Net current assets (liabilities): 252,215 233,383
Total assets less current liabilities: 258,570 235,566
Creditors: amounts falling due after more than one year:   (109,794) (106,731)
Total net assets (liabilities): 148,776 128,835
Capital and reserves
Called up share capital: 100,000 100,000
Profit and loss account: 48,776 28,835
Shareholders funds: 148,776 128,835

The notes form part of these financial statements

LATTY INTERNATIONAL LTD

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 January 2025
and signed on behalf of the board by:

Name: Mr C X LATTY
Status: Director

The notes form part of these financial statements

LATTY INTERNATIONAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible fixed assets and depreciation policy

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives as follows: Furniture, fittings, tools and equipment: 25% reducing balance, Computer equipment: 25% reducing balance basis.

Other accounting policies

STOCKS Stocks are stated at the lower of cost and estimated selling price less costs to compete and sell. Cost is determined using the first in, first out (FIFO) method.

LATTY INTERNATIONAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 6 6

LATTY INTERNATIONAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 18,275
Additions 5,511
At 31 December 2024 23,786
Depreciation
At 01 January 2024 16,092
Charge for year 1,339
At 31 December 2024 17,431
Net book value
At 31 December 2024 6,355
At 31 December 2023 2,183