LUMBINI TAILORING CENTRE LTD

LUMBINI TAILORING CENTRE LTD

LUMBINI TAILORING CENTRE LTD - Company Information

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1 September 2021 false No description of principal activity Taxfiler 2023.5 08167559business:PrivateLimitedCompanyLtd2021-09-012022-08-31 081675592021-08-31 081675592021-09-012022-08-31 08167559business:AuditExemptWithAccountantsReport2021-09-012022-08-31 08167559business:FullAccounts2021-09-012022-08-31 081675592022-08-31 08167559business:Director12021-09-012022-08-31 08167559business:RegisteredOffice2021-09-012022-08-31 081675592021-08-31 08167559core:WithinOneYear2022-08-31 08167559core:WithinOneYear2021-08-31 08167559core:AfterOneYear2022-08-31 08167559core:AfterOneYear2021-08-31 08167559core:ShareCapital2022-08-31 08167559core:ShareCapital2021-08-31 08167559core:RetainedEarningsAccumulatedLosses2022-08-31 08167559core:RetainedEarningsAccumulatedLosses2021-08-31 08167559business:SmallEntities2021-09-012022-08-31 08167559countries:EnglandWales2021-09-012022-08-31 08167559core:FurnitureFittings2021-09-012022-08-31 08167559core:FurnitureFittings2021-08-31 08167559core:FurnitureFittings2022-08-31 081675592020-09-012021-08-31 iso4217:GBP xbrli:pure
Company Registration No. 08167559 (England and Wales)
LUMBINI TAILORING CENTRE LTD Unaudited accounts for the year ended 31 August 2022
LUMBINI TAILORING CENTRE LTD Unaudited accounts Contents
Page
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LUMBINI TAILORING CENTRE LTD Company Information for the year ended 31 August 2022
Director
Parbati Gurung
Company Number
08167559 (England and Wales)
Registered Office
17 LAKEDALE ROAD LONDON SE18 1PP
Accountants
Asmita & Associates Ltd 114-116 Plumstead High Street Plumstead London SE18 1SJ
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of LUMBINI TAILORING CENTRE LTD for the year ended 31 August 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of LUMBINI TAILORING CENTRE LTD for the year ended 31 August 2022 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of LUMBINI TAILORING CENTRE LTD, as a body, in accordance with the terms of our engagement letter dated 20 May 2019. Our work has been undertaken solely to prepare for your approval the accounts of LUMBINI TAILORING CENTRE LTD and state those matters that we have agreed to state to the Board of Directors of LUMBINI TAILORING CENTRE LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LUMBINI TAILORING CENTRE LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LUMBINI TAILORING CENTRE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of LUMBINI TAILORING CENTRE LTD. You consider that LUMBINI TAILORING CENTRE 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 accounts of LUMBINI TAILORING CENTRE 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 accounts.
Asmita & Associates Ltd Chartered Accountants 114-116 Plumstead High Street Plumstead London SE18 1SJ 15 May 2023
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LUMBINI TAILORING CENTRE LTD Statement of financial position as at 31 August 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,048 
2,560 
Current assets
Inventories
13,602 
11,250 
Debtors
5
5,220 
7,333 
Cash at bank and in hand
4,932 
3,449 
23,754 
22,032 
Creditors: amounts falling due within one year
6
(5,930)
(4,671)
Net current assets
17,824 
17,361 
Total assets less current liabilities
19,872 
19,921 
Creditors: amounts falling due after more than one year
7
(10,547)
(17,278)
Net assets
9,325 
2,643 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
9,225 
2,543 
Shareholders' funds
9,325 
2,643 
For the year ending 31 August 2022 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 May 2023 and were signed on its behalf by
Parbati Gurung Director Company Registration No. 08167559
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LUMBINI TAILORING CENTRE LTD Notes to the Accounts for the year ended 31 August 2022
1
Statutory information
LUMBINI TAILORING CENTRE LTD is a private company, limited by shares, registered in England and Wales, registration number 08167559. The registered office is 17 LAKEDALE ROAD, LONDON, SE18 1PP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2021
4,000 
At 31 August 2022
4,000 
Depreciation
At 1 September 2021
1,440 
Charge for the year
512 
At 31 August 2022
1,952 
Net book value
At 31 August 2022
2,048 
At 31 August 2021
2,560 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,997 
4,123 
Other debtors
2,223 
3,210 
5,220 
7,333 
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LUMBINI TAILORING CENTRE LTD Notes to the Accounts for the year ended 31 August 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Taxes and social security
2,681 
2,574 
Other creditors
2,598 
1,237 
Accruals
651 
860 
5,930 
4,671 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
10,547 
17,278 
8
Average number of employees
During the year the average number of employees was 3 (2021: 2).
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