Rachel Laxer Interiors Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07390613 (England and Wales)

Rachel Laxer Interiors Limited

Unaudited Financial Statements

for the Year Ended 31 December 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

R Laxer

Registered office:

25 Ecclestone Place

Unit 2-20

London

SW1W 9NF

Registered number:

07390613 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

4

4,038

1,387

Current assets

Stocks

13,900

13,900

Debtors

5

124,622

105,149

Cash at bank and in hand

121,611

186,660

260,133

305,709

Creditors

Amounts falling due within one year

6

96,981

139,503

Net current assets

163,152

166,206

Total assets less current liabilities

167,190

167,593

Capital and reserves

Called up share capital

7

100

100

Retained earnings

8

167,090

167,493

Shareholders' funds

167,190

167,593

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 24 August 2023 and were signed by:

R Laxer - Director

1.	Statutory information

Rachel Laxer Interiors Limited 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.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Stocks

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

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 year was 3 (2021 - 2 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

Cost

At 1 January 2022

7,756

871

8,207

16,834

Additions

-

-

4,085

4,085

At 31 December 2022

7,756

871

12,292

20,919

Depreciation

At 1 January 2022

7,756

356

7,335

15,447

Charge for year

-

147

1,287

1,434

At 31 December 2022

7,756

503

8,622

16,881

Net book value

At 31 December 2022

-

368

3,670

4,038

At 31 December 2021

-

515

872

1,387

5.

Debtors: amounts falling due within one year

2022

2021

£

£

Trade debtors

40,525

30,000

Amounts owed by associates

82,691

67,656

Other debtors

1,406

7,493

124,622

105,149

6.

Creditors: amounts falling due within one year

2022

2021

£

£

Trade creditors

31,908

40,928

Taxation and social security

19,815

41,928

Other creditors

45,258

56,647

96,981

139,503

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

1

Ordinary

£1

100

100

8.

Reserves

Retained

earnings

£

At 1 January 2022

167,493

Profit for the year

7,597

Dividends

(8,000

)

At 31 December 2022

167,090

9.	Related party disclosures

As at 31 December 2022 the company was owed by Rachel Laxer Interiors Ltd., a company registered in the US, £82,691 (2021: £67,656). No interest was charged and the balance is repayable upon demand. Both companies are under the control of Rachel Laxer.