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COMPANY REGISTRATION NUMBER: 5022738
LOW COST DEALS LIMITED
Filleted Unaudited Financial Statements
31 January 2023
LOW COST DEALS LIMITED
Statement of Financial Position
31 January 2023
2023
2022
Note
£
£
£
£
Current assets
Debtors
4
2,000
Cash at bank and in hand
130,255
235,975
---------
---------
130,255
237,975
Creditors: amounts falling due within one year
5
54,424
161,411
---------
---------
Net current assets
75,831
76,564
--------
--------
Total assets less current liabilities
75,831
76,564
--------
--------
Net assets
75,831
76,564
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
75,829
76,562
--------
--------
Shareholders funds
75,831
76,564
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st January 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
LOW COST DEALS LIMITED
Statement of Financial Position (continued)
31 January 2023
These financial statements were approved by the board of directors and authorised for issue on 13 October 2023 , and are signed on behalf of the board by:
MR B CLANCY
Director
Company registration number: 5022738
LOW COST DEALS LIMITED
Notes to the Financial Statements
Year ended 31st January 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 Alex House, 260/268 Chapel Street, Salford, Manchester, M3 5JZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
4. Debtors
2023
2022
£
£
Trade debtors
2,000
----
-------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
54,424
161,411
--------
---------
6. Directors' advances, credits and guarantees
Included in other creditors above is an amount of £53,691 (2022 £160,691) owed to the directors. No interest has been charged and the amount is repayable on demand.
7. Related party transactions
The company was under the control of Mr and Mrs Clancy throughout the current and previous period.