Lefevres (Scotland) LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC683368 (Scotland)

Unaudited Financial Statements

for the Period

10 December 2020 to 31 March 2022

for

Lefevres (Scotland) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms L Davidson

Mr F H Lefevre

REGISTERED OFFICE:

4 Randolph Place

Edinburgh

EH3 7TQ

REGISTERED NUMBER:

SC683368 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Tangible assets

4

3,519

CURRENT ASSETS

Stocks

26,413

Debtors

5

33,216

Cash at bank and in hand

493,931

553,560

CREDITORS

Amounts falling due within one year

6

228,987

NET CURRENT ASSETS

324,573

TOTAL ASSETS LESS CURRENT LIABILITIES

328,092

PROVISIONS FOR LIABILITIES

669

NET ASSETS

327,423

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

327,323

327,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 May 2022 and were signed on its behalf by:

Ms L Davidson - Director

1.	STATUTORY INFORMATION

Lefevres (Scotland) LTD is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

Additions

2,212

3,266

5,478

At 31 March 2022

2,212

3,266

5,478

DEPRECIATION

Charge for period

551

1,408

1,959

At 31 March 2022

551

1,408

1,959

NET BOOK VALUE

At 31 March 2022

1,661

1,858

3,519

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

15,501

Other debtors

17,715

33,216

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

267

Taxation and social security

202,349

Other creditors

26,371

228,987

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2022:

£

Ms L Davidson

Balance outstanding at start of period

-

Amounts advanced

212,284

Amounts repaid

(207,586

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

4,698

Mr F H Lefevre

Balance outstanding at start of period

-

Amounts advanced

382

Amounts repaid

(23,065

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(22,683

)

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, who between them, own 100% of the issued share capital.