Lavenders (South West) Limited


Director	Barbara Lavender


Registered Address	St Denys House
	22 East Hill
	St Austell
	PL25 4TR


Registered Number	09159249 (England and Wales)

Balance Sheet as at
31 August 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		17,116		20,045
			17,116		20,045
Current assets
Stocks	4	30,123		25,623
Debtors	5	113,322		51,578
Cash at bank and on hand		9,099		25,727
		152,544		102,928
Creditors amounts falling due within one year	6	(112,657)		(44,449)
Net current assets (liabilities)			39,887		58,479
Total assets less current liabilities			57,003		78,524
Creditors amounts falling due after one year	7		(43,478)		(57,669)
Net assets			13,525		20,855
Capital and reserves
Called up share capital			100		100
Profit and loss account			13,425		20,755
Shareholders' funds			13,525		20,855

The company was entitled to exemption from audit for this reporting period 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 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 and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 10 October 2025, and are signed on its behalf by:

Barbara Lavender
Director
Registered Company No. 09159249

Lavenders (South West) Limited

Notes to the Financial Statements
for the year ended 31 August 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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 policy
	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.

	Current 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.

Current 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 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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


		Reducing balance (%)
	Plant and machinery	25

	Finance leases and hire purchase contracts
	Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	10		11

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Total
	£	£	£
Cost or valuation
At 01 September 23	3,600	79,584	83,184
Additions	-	502	502
At 31 August 24	3,600	80,086	83,686
Depreciation and impairment
At 01 September 23	3,600	59,539	63,139
Charge for year	-	3,431	3,431
At 31 August 24	3,600	62,970	66,570
Net book value
At 31 August 24	-	17,116	17,116
At 31 August 23	-	20,045	20,045

4.	Stocks

	2024	2023
	£	£
Other stocks	30,123	25,623
Total	30,123	25,623

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	15,731	16,208
Other debtors	95,102	33,146
Prepayments and accrued income	2,489	2,224
Total	113,322	51,578

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	43,175	12,577
Bank borrowings and overdrafts	58,671	10,923
Taxation and social security	5,115	6,588
Other creditors	779	4,486
Accrued liabilities and deferred income	4,917	9,875
Total	112,657	44,449

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	43,478	57,669
Total	43,478	57,669

8.	Obligations under finance leases

9.	Directors advances, credits and guarantees
	Included on other debtors is a loan made to the director of £228 (2022: £3,609)