London School of Sales Ltd - Filleted accounts

Registered number

12262940

London School of Sales Ltd

Filleted Accounts

28 February 2026

London School of Sales Ltd
Registered number:		12262940
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		5,344			25,255
Tangible assets	4		829			1,185
			6,173			26,440

Current assets
Debtors	5	11,694			36,322
Cash at bank and in hand		27,438			33,796
		39,132			70,118

Creditors: amounts falling due within one year	6	(38,174)			(77,038)

Net current assets/(liabilities)			958			(6,920)

Total assets less current liabilities			7,131			19,520

Creditors: amounts falling due after more than one year	7		(7,033)			(17,365)


Net assets			98			2,155

Capital and reserves
Called up share capital			40,000			200
Profit and loss account			(39,902)			1,955

Shareholders' funds			98			2,155

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 members have 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 Vinit Shah
Director
Approved by the board on 22 July 2026

London School of Sales Ltd
Notes to the Accounts
for the year ended 28 February 2026


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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Plant and machinery	over 5 years

	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.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		1		1


3	Intangible fixed assets				£
	Other then goodwill:

	Cost
	At 1 March 2025				99,558
	At 28 February 2026				99,558

	Amortisation
	At 1 March 2025				74,303
	Provided during the year				19,911
	At 28 February 2026				94,214

	Net book value
	At 28 February 2026				5,344
	At 28 February 2025				25,255

	Goodwill is being written off in equal annual instalments over its estimated economic life.


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 March 2025				1,482
	At 28 February 2026				1,482

	Depreciation
	At 1 March 2025				297
	Charge for the year				356
	At 28 February 2026				653

	Net book value
	At 28 February 2026				829
	At 28 February 2025				1,185


5	Debtors		2026		2025
£				£

	Trade debtors		2,344		-
	Deferred tax asset		-		21,322
	Other debtors		9,350		15,000
			11,694		36,322


6	Creditors: amounts falling due within one year		2026		2025
£				£

	Taxation and social security costs		1,673		7,941
	Other creditors		1,800		1,800
	Director's account		34,701		67,297
			38,174		77,038

7	Creditors: amounts falling due after one year		2026		2025
£				£

	Bank loans		7,033		17,365

8	Other information

	London School of Sales Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Laxmi House
	2-b Draycott Avenue
	Kenton Harrow
	Middlesex
	HA3 0BU