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
Luke Kassim Limited
Company Information
for the year ended 31 March 2023
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
Luke Kassim Limited
Statement of financial position
as at 31 March 2023
Tangible assets
19,076
19,708
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)
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
Luke Kassim Limited
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Computer equipment
25% Cost
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 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.
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
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
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
6
Creditors: amounts falling due after more than one year
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).