LION WOLF HART LIMITED

LION WOLF HART LIMITED

LION WOLF HART LIMITED - Company Information

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Company Registration No. 11576374 (England and Wales)
LION WOLF HART LIMITED Unaudited accounts for the year ended 30 September 2022
LION WOLF HART LIMITED Unaudited accounts Contents
Page
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LION WOLF HART LIMITED Company Information for the year ended 30 September 2022
Director
Molly Eleanor Hart
Company Number
11576374 (England and Wales)
Registered Office
130 OLD STREET LONDON EC1V 9BD ENGLAND
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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LION WOLF HART LIMITED Accountants' report
Accountants' report to the director of LION WOLF HART LIMITED on the preparation of the unaudited statutory accounts for the year ended 30 September 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of LION WOLF HART LIMITED for the year ended 30 September 2022 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of LION WOLF HART LIMITED, as a body, in accordance with the terms of our engagement letter dated 12 May 2023. Our work has been undertaken solely to prepare for your approval the accounts of LION WOLF HART LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LION WOLF HART LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LION WOLF HART LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of LION WOLF HART LIMITED. You consider that LION WOLF HART LIMITED 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 LION WOLF HART LIMITED. 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.
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP 12 May 2023
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LION WOLF HART LIMITED Statement of financial position as at 30 September 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,543 
- 
Current assets
Inventories
83,751 
21,667 
Debtors
5
589 
- 
Cash at bank and in hand
148,740 
20,644 
233,080 
42,311 
Creditors: amounts falling due within one year
6
(13,741)
(13,605)
Net current assets
219,339 
28,706 
Net assets
220,882 
28,706 
Capital and reserves
Called up share capital
7
2 
1 
Share premium
706,666 
268,000 
Profit and loss account
(485,786)
(239,295)
Shareholders' funds
220,882 
28,706 
For the year ending 30 September 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 12 May 2023 and were signed on its behalf by
Molly Eleanor Hart Director Company Registration No. 11576374
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LION WOLF HART LIMITED Notes to the Accounts for the year ended 30 September 2022
1
Statutory information
LION WOLF HART LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11576374. The registered office is 130 OLD STREET, LONDON, EC1V 9BD, ENGLAND.
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
These financial statements for the year ended 30 September 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2020. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Computer equipment
4 Years Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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LION WOLF HART LIMITED Notes to the Accounts for the year ended 30 September 2022
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2021
- 
Additions
1,763 
At 30 September 2022
1,763 
Depreciation
Charge for the year
220 
At 30 September 2022
220 
Net book value
At 30 September 2022
1,543 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
589 
- 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
6,885 
4,639 
Taxes and social security
1,097 
- 
Other creditors
5,066 
3,733 
Loans from directors
665 
3,133 
Accruals
28 
2,100 
13,741 
13,605 
7
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
882,296 Ordinary shares of £0.000002 each
1.76 
1.48 
Shares issued during the period:
139,582 Ordinary shares of £0.000002 each
0.27 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
(3,133)
12,940 
10,472 
(665)
(3,133)
12,940 
10,472 
(665)
9
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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