Registration number: 09393779

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Les Animaux Limited

Contents

Company Information	1
Statement of Financial Position	2 to 3
Notes to the Financial Statements	4 to 8

Les Animaux Limited

Company Information

Director

L Jackson

Registered office

130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Les Animaux Limited

Statement of Financial Position as at 31 July 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	15,135	1,713
Current assets
Stocks	6	43,636	54,765
Debtors	7	4,500	4,553
Cash at bank and in hand		1,745	7,090
		49,881	66,408
Creditors: Amounts falling due within one year	8	(443,853)	(395,291)
Net current liabilities		(393,972)	(328,883)
Total assets less current liabilities		(378,837)	(327,170)
Creditors: Amounts falling due after more than one year	8	(834)	(1,833)
Net liabilities		(379,671)	(329,003)
Capital and reserves
Called up share capital		11	11
Share premium reserve		150,000	150,000
Retained earnings		(529,682)	(479,014)
Shareholders' deficit		(379,671)	(329,003)

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director of Les Animaux Limited has elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Les Animaux Limited

Statement of Financial Position as at 31 July 2024

Approved and authorised by the director on 30 October 2025
 

.........................................

L Jackson

Director

Company registration number: 09393779

Les Animaux Limited

Notes to the Financial Statements for the Year Ended 31 July 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of fashion design and retailing

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The statement of financial position at 31 July 2024 showed the company had a deficit of net assets amounting to £379,671. At 31 July 2024 a combined amount of £403,444 was due to the director and a shareholder who have both confirmed they will not call for repayment until such time as the company has sufficient working capital.

After making enquiries the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company has continued to trade through its first retail store and a second store has been opened successfully. The director has also confirmed she will support the company with additional working capital if required and with these measures the director believes the company has sufficient working capital for a period of at least 12 months from the date of the approval of the financial statements.

Accordingly the financial statements have been prepared on a going concern basis which the director believes remains appropriate.

Les Animaux Limited

Notes to the Financial Statements for the Year Ended 31 July 2024

Revenue recognition

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

The company recognises revenue at the point of dispatch to customers or the point of sale in store.
 

Government grants

Government grants have been recognised when there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received. The grants have been recognised based on the accrual model relating to revenue, which has been recognised in other operating income in the period in which it becomes receivable.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	3 to 4 years straight line
Leasehold improvements	Over the life of the lease

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

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

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Les Animaux Limited

Notes to the Financial Statements for the Year Ended 31 July 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company during the year, was 2 (2023 - 2).

4	Intangible assets

	Trademarks, patents and licences £	Total £
Cost or valuation
At 1 August 2023	1,142	1,142
Disposals	(1,142)	(1,142)
At 31 July 2024	-	-
Amortisation
At 1 August 2023	1,142	1,142
Eliminated on disposal	(1,142)	(1,142)
At 31 July 2024	-	-
Carrying amount
At 31 July 2024	-	-

Les Animaux Limited

Notes to the Financial Statements for the Year Ended 31 July 2024

5	Tangible assets

	Leasehold improvements £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 August 2023	5,500	14,297	19,797
Additions	9,075	7,137	16,212
Disposals	-	(583)	(583)
At 31 July 2024	14,575	20,851	35,426
Depreciation
At 1 August 2023	5,500	12,584	18,084
Charge for the year	798	1,861	2,659
Eliminated on disposal	-	(452)	(452)
At 31 July 2024	6,298	13,993	20,291
Carrying amount
At 31 July 2024	8,277	6,858	15,135
At 31 July 2023	-	1,713	1,713

6

Stocks

	2024 £	2023 £
Stock	43,636	54,765

7

Debtors

	2024 £	2023 £
Trade debtors	-	53
Other debtors	4,500	4,500
	4,500	4,553

Other debtors includes an amount of £4,500 (2023: £4,500) due in greater than one year.

Les Animaux Limited

Notes to the Financial Statements for the Year Ended 31 July 2024

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Loans and borrowings	9	4,700	7,894
Trade creditors		4,203	10,203
Taxation and social security		13,886	4,225
Other creditors		421,064	372,969
		443,853	395,291

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Loans and borrowings	9	834	1,833

9	Loans and borrowings

Current loans and borrowings

	2024 £	2023 £
Bank loans	1,000	1,000
Bank overdrafts	3,700	6,894
	4,700	7,894

Non-current loans and borrowings

	2024 £	2023 £
Bank loans	834	1,833

10	Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £203,650 (2023 - £214,500).