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Company Registration No. 10653290 (England and Wales)
Luke Kassim Limited Unaudited accounts for the year ended 31 March 2023
Luke Kassim Limited Unaudited accounts Contents
Page
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Luke Kassim Limited Company Information for the year ended 31 March 2023
Director
Mr Luke Kassim
Company Number
10653290 (England and Wales)
Registered Office
16 Thornwick Avenue Willerby East Yorkshire HU10 6LP United Kingdom
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Luke Kassim Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,076 
19,708 
Current assets
Cash at bank and in hand
32,693 
50,822 
Creditors: amounts falling due within one year
(27,595)
(29,106)
Net current assets
5,098 
21,716 
Total assets less current liabilities
24,174 
41,424 
Creditors: amounts falling due after more than one year
(10,083)
(13,800)
Provisions for liabilities
Deferred tax
(3,624)
(3,716)
Net assets
10,467 
23,908 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
10,466 
23,907 
Shareholders' funds
10,467 
23,908 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 September 2023 and were signed on its behalf by
Mr Luke Kassim Director Company Registration No. 10653290
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Luke Kassim Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Luke Kassim Limited is a private company, limited by shares, registered in England and Wales, registration number 10653290. The registered office is 16 Thornwick Avenue, Willerby, East Yorkshire, HU10 6LP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Cost
Motor vehicles
20% WDV
Computer equipment
25% Cost
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Luke Kassim Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
20,677 
6,000 
- 
26,677 
Additions
- 
5,800 
199 
5,999 
At 31 March 2023
20,677 
11,800 
199 
32,676 
Depreciation
At 1 April 2022
5,129 
1,840 
- 
6,969 
Charge for the year
5,169 
1,412 
50 
6,631 
At 31 March 2023
10,298 
3,252 
50 
13,600 
Net book value
At 31 March 2023
10,379 
8,548 
149 
19,076 
At 31 March 2022
15,548 
4,160 
- 
19,708 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,659 
3,600 
Taxes and social security
721 
7,345 
Loans from directors
23,215 
11,701 
Accruals
- 
6,460 
27,595 
29,106 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
10,083 
13,800 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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