La Maison Bleue Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05461909 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

La Maison Bleue Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

6

DIRECTOR:

Ms J Smelt

REGISTERED OFFICE:

Unit 16

Heart of the Country Village

London Road

Swinfen

Staffordshire

WS14 9QR

REGISTERED NUMBER:

05461909 (England and Wales)

ACCOUNTANTS:

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

FIXED ASSETS

Intangible assets

4

1,569

1,997

Tangible assets

5

950

1,266

2,519

3,263

CURRENT ASSETS

Stocks

47,215

52,527

Debtors

6

4,552

5,698

Cash at bank and in hand

33,699

10,544

85,466

68,769

CREDITORS

Amounts falling due within one year

7

56,090

62,352

NET CURRENT ASSETS

29,376

6,417

TOTAL ASSETS LESS CURRENT LIABILITIES

31,895

9,680

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

31,893

9,678

SHAREHOLDERS' FUNDS

31,895

9,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 June 2021 and were signed by:

Ms J Smelt - Director

1.	STATUTORY INFORMATION

La Maison Bleue Ltd is a private company, limited by shares , registered in England and Wales. 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of nil years.

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

-

33% on cost and 25% on reducing balance

Motor vehicles

-

25% on reducing balance

Government grants

Grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and the company will comply with all attached conditions, where applicable.

Government grants are included in the 'other operating income' line item. There are no unfulfilled conditions or other contingencies attaching to these grants.

Government grants relating to costs are deferred, when applicable, and recognised in profit or loss over the period necessary to match them with the costs that they are intended to compensate.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2020

and 31 December 2020

2,853

AMORTISATION

At 1 January 2020

856

Charge for year

428

At 31 December 2020

1,284

NET BOOK VALUE

At 31 December 2020

1,569

At 31 December 2019

1,997

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2020

and 31 December 2020

14,343

9,750

24,093

DEPRECIATION

At 1 January 2020

13,730

9,097

22,827

Charge for year

153

163

316

At 31 December 2020

13,883

9,260

23,143

NET BOOK VALUE

At 31 December 2020

460

490

950

At 31 December 2019

613

653

1,266

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Other debtors

4,552

5,698

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade creditors

7,800

18,100

Taxation and social security

3,325

3,434

Other creditors

44,965

40,818

56,090

62,352

8.	LEASING AGREEMENTS

The company had other commitments at the balance sheet date amounting to £Nil (2019 - £11,260). These were in respect of operating leases.

9.	COVID RELATED RENT REDUCTION

The company was granted a 3 month rent holiday by it's landlord due to the Coronavirus pandemic, therefore the rental charge in these accounts is £5,020 less than it's usual level. The rent holiday amount is not required to be repaid.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of La Maison Bleue Ltd for the year ended 31 December 2020 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of La Maison Bleue Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of La Maison Bleue Ltd and state those matters that we have agreed to state to the director of La Maison Bleue Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that La Maison Bleue Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of La Maison Bleue Ltd. You consider that La Maison Bleue Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of La Maison Bleue Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

21 June 2021