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Unaudited Financial Statements |
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for the Period 1 June 2017 to 30 September 2018 |
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for |
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LF Intimates Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 June 2017 to 30 September 2018 |
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for |
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LF Intimates Limited |
LF Intimates Limited (Registered number: 04450331) |
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Contents of the Financial Statements |
for the Period 1 June 2017 to 30 September 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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LF Intimates Limited |
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Company Information |
for the Period 1 June 2017 to 30 September 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Park House |
37 Clarence Street |
Leicester |
Leicestershire |
LE1 3RW |
LF Intimates Limited (Registered number: 04450331) |
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Balance Sheet |
30 September 2018 |
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30.9.18 | 31.5.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Capital redemption reserve |
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Retained earnings |
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The directors acknowledge their responsibilities for: |
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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. |
LF Intimates Limited (Registered number: 04450331) |
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Balance Sheet - continued |
30 September 2018 |
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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. |
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The financial statements were approved by the Board of Directors on
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LF Intimates Limited (Registered number: 04450331) |
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Notes to the Financial Statements |
for the Period 1 June 2017 to 30 September 2018 |
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1. | STATUTORY INFORMATION |
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LF Intimates Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Intangible assets |
Intangible assets are initially recognised at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Trademarks are being amortised evenly over their estimated useful like of 20 years. |
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Tangible fixed assets |
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Short leasehold | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on |
the cost of purchase on a first in, first out basis. |
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At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced |
to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the statement |
of comprehensive income. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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 period end and that are expected to apply to the reversal of the |
timing difference. |
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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. |
LF Intimates Limited (Registered number: 04450331) |
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Notes to the Financial Statements - continued |
for the Period 1 June 2017 to 30 September 2018 |
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2. | ACCOUNTING POLICIES - continued |
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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. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | INTANGIBLE FIXED ASSETS |
Trademarks |
£ |
COST |
At 1 June 2017 |
and 30 September 2018 |
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AMORTISATION |
At 1 June 2017 |
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Amortisation for period |
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At 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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At 31 May 2017 |
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LF Intimates Limited (Registered number: 04450331) |
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Notes to the Financial Statements - continued |
for the Period 1 June 2017 to 30 September 2018 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
Short | and | Computer |
leasehold | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 June 2017 |
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Additions |
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At 30 September 2018 |
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DEPRECIATION |
At 1 June 2017 |
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Charge for period |
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At 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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At 31 May 2017 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.18 | 31.5.17 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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Other debtors includes prepayments and accrued income of £58,465 (2017: £226,574). |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.18 | 31.5.17 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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Other creditors includes accruals and deferred income of £61,136 (2017: £164,392). |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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30.9.18 | 31.5.17 |
£ | £ |
Bank overdraft |
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The bank overdraft is secured by debenture. |