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REGISTERED NUMBER: 07895730 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

LUKOL LIMITED

LUKOL LIMITED (REGISTERED NUMBER: 07895730)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LUKOL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: J L Swarbrick
Mrs H M Swarbrick





REGISTERED OFFICE: The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB





REGISTERED NUMBER: 07895730 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

LUKOL LIMITED (REGISTERED NUMBER: 07895730)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,011 1,268
1,011 1,268

CURRENT ASSETS
Debtors 6 203,687 188,775
Cash at bank 31,327 58,642
235,014 247,417
CREDITORS
Amounts falling due within one year 7 51,867 56,139
NET CURRENT ASSETS 183,147 191,278
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,158

192,546

CREDITORS
Amounts falling due after more than one
year

8

(37,596

)

(39,000

)

PROVISIONS FOR LIABILITIES (300 ) (250 )
NET ASSETS 146,262 153,296

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 146,162 153,196
SHAREHOLDERS' FUNDS 146,262 153,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and loss account has not been delivered.

LUKOL LIMITED (REGISTERED NUMBER: 07895730)

BALANCE SHEET - continued
31 DECEMBER 2021



The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2022 and were signed on its behalf by:





J L Swarbrick - Director


LUKOL LIMITED (REGISTERED NUMBER: 07895730)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

LUKOL 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover
Turnover represents commission and fees derived from the provision of services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and accumulated impairment losses. Amortisation is based upon the estimated useful life of the intangible asset.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost and 20% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

3. EMPLOYEES

The average number of employees during the year was NIL (2020 - NIL).

LUKOL LIMITED (REGISTERED NUMBER: 07895730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2021
and 31 December 2021 58,400
AMORTISATION
At 1 January 2021
and 31 December 2021 58,400
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2021 2,959
Additions 200
At 31 December 2021 3,159
DEPRECIATION
At 1 January 2021 1,691
Charge for year 457
At 31 December 2021 2,148
NET BOOK VALUE
At 31 December 2021 1,011
At 31 December 2020 1,268

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 10,349 5,544
Other debtors 193,338 183,231
203,687 188,775

LUKOL LIMITED (REGISTERED NUMBER: 07895730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 4,784 6,000
Trade creditors 11,166 9,264
Taxation and social security 33,517 38,475
Other creditors 2,400 2,400
51,867 56,139

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 37,596 39,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 18,024 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The balance outstanding at the end of the year is £169,742 (2020 - £158,969)

Interest, at the beneficial loan rate of 2.50% (2020 - 2.25%) has been charged on the director's loan during the year. The interest charged in the year was £4,586 (2020 - £4,234).