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Registration number: 10743010

Lets Go Peak District Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2023

 

Lets Go Peak District Ltd

Contents

Company Information

1

Profit and Loss Account and Statement of Retained Earnings

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Lets Go Peak District Ltd

Company Information

Directors

Ms S M Howard

Mr P A Sproson

Mrs JL Dobson

Mr J Dobson

Registered office

2 Western Street
Barnsley
South Yorkshire
S70 2BP

Accountants

Cameron Alexander Accountants Limited
Chartered Certified Accountants
2 Western Street
Barnsley
S70 2BP

 

Lets Go Peak District Ltd

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 30 April 2023

Note

2023
£

2022
£

Turnover

 

35,840

36,291

Cost of sales

 

(17,827)

(17,681)

Gross profit

 

18,013

18,610

Administrative expenses

 

(5,050)

(7,862)

Operating profit

 

12,963

10,748

Other interest receivable and similar income

 

7

2

 

7

2

Profit before tax

12,970

10,750

Taxation

 

(2,465)

(2,045)

Profit for the financial year

 

10,505

8,705

Retained earnings brought forward

 

2,265

5,860

Dividends paid

 

(7,500)

(12,300)

Retained earnings carried forward

 

5,270

2,265

 

Lets Go Peak District Ltd

(Registration number: 10743010)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

514

686

Current assets

 

Debtors

4

2,696

3,150

Cash at bank and in hand

 

9,114

5,999

 

11,810

9,149

Creditors: Amounts falling due within one year

5

(6,857)

(7,340)

Net current assets

 

4,953

1,809

Total assets less current liabilities

 

5,467

2,495

Provisions for liabilities

(97)

(130)

Net assets

 

5,370

2,365

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

5,270

2,265

Shareholders' funds

 

5,370

2,365

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 August 2023 and signed on its behalf by:
 

.........................................
Mrs JL Dobson
Director

 

Lets Go Peak District Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Lets Go Peak District Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery etc

- 25% Reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 2).

 

Lets Go Peak District Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2022

2,312

2,312

At 30 April 2023

2,312

2,312

Depreciation

At 1 May 2022

1,626

1,626

Charge for the year

172

172

At 30 April 2023

1,798

1,798

Carrying amount

At 30 April 2023

514

514

At 30 April 2022

686

686

4

Debtors

Current

2023
£

2022
£

Trade debtors

2,556

3,150

Prepayments

140

-

 

2,696

3,150

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

-

195

Taxation and social security

2,415

2,149

Accruals and deferred income

1,945

2,898

Other creditors

2,497

2,098

6,857

7,340

 

Lets Go Peak District Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100