Laval & Co Limited Filleted accounts for Companies House (small and micro)
Laval & Co Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
3414639
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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Investments |
7 |
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--------- |
--------- |
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Current assets
Debtors |
8 |
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Investments |
9 |
– |
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Cash at bank and in hand |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
10 |
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--------- |
--------- |
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Net current assets |
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--------- |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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--------- |
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Net assets |
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Capital and reserves
Called up share capital |
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Fair Value Reserve |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
4 December 2023
, and are signed on behalf of the board by:
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Director |
Company registration number:
3414639
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Notes to the Financial Statements |
Year ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 23 Westfield Park, Redland, Bristol, BS6 6LT.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
- |
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Fixtures & Fittings |
- |
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Motor Vehicles |
- |
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Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in joint ventures
Impairment of fixed assets
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2022:
2
).
5.
Intangible assets
Goodwill |
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£ |
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Cost |
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At 1 April 2022 and 31 March 2023 |
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------- |
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Amortisation |
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At 1 April 2022 and 31 March 2023 |
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------- |
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Carrying amount |
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At 31 March 2023 |
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------- |
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At 31 March 2022 |
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------- |
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6.
Tangible assets
Land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 April 2022 |
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Additions |
– |
– |
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– |
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-------- |
-------- |
------- |
--------- |
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At 31 March 2023 |
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-------- |
-------- |
------- |
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Depreciation |
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At 1 April 2022 |
– |
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Charge for the year |
– |
– |
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– |
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--------- |
-------- |
-------- |
------- |
--------- |
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At 31 March 2023 |
– |
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-------- |
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------- |
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Carrying amount |
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At 31 March 2023 |
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– |
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-------- |
-------- |
------- |
--------- |
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At 31 March 2022 |
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– |
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------- |
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Tangible assets held at valuation
The investment property was acquired on 16 October 2000 and its fair value at the balance sheet date has been determined by reference to recent market prices of similar properties in the area. The company’s investment property has been pledged as security for borrowings.
7.
Investments
Shares in group undertakings |
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£ |
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Cost |
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At 1 April 2022 and 31 March 2023 |
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---- |
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Impairment |
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At 1 April 2022 and 31 March 2023 |
– |
---- |
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Carrying amount |
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At 31 March 2023 |
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---- |
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At 31 March 2022 |
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The company owns 100% of the issued share capital of Laval Digital Ltd a company incorporated in England & Wales.
In the opinion of the directors the value to the company of the unlisted investments is not less than the book value shown above.
Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
8.
Debtors
2023 |
2022 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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9.
Investments
2023 |
2022 |
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£ |
£ |
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Listed Investments |
– |
20,318 |
---- |
-------- |
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10.
Creditors:
amounts falling due within one year
2023 |
2022 |
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£ |
£ |
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Corporation tax |
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Client a/c |
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Other creditors |
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The bank loan and overdraft are secured by a fixed and floating charge over the companys property and undertakings dated 28 September 2015.
11.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Balance brought forward and outstanding |
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2023 |
2022 |
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£ |
£ |
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12.
Related party transactions
The company was under the control of Mr M Laval throughout the current and previous year. Mr M Laval is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.