LOOK AHEAD LIMITED

Company Registration Number:
07976192 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

LOOK AHEAD LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

LOOK AHEAD LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 651 868
Total fixed assets: 651 868
Current assets
Stocks: 1,411 1,450
Debtors:   3,216 3,355
Cash at bank and in hand: 9,639 33,223
Total current assets: 14,266 38,028
Creditors: amounts falling due within one year:   (3,525) (5,415)
Net current assets (liabilities): 10,741 32,613
Total assets less current liabilities: 11,392 33,481
Provision for liabilities: (125) (170)
Total net assets (liabilities): 11,267 33,311
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 11,266 33,310
Shareholders funds: 11,267 33,311

The notes form part of these financial statements

LOOK AHEAD LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 November 2023
and signed on behalf of the board by:

Name: Mrs C Sharman
Status: Director

The notes form part of these financial statements

LOOK AHEAD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents takings from hairdressing services and sales of related goods in the period, excluding value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Plant and machinery etc - 25% on reducing balance

Other accounting policies

StocksStocks of hairdressing products are valued at the lower of cost and net realisable value, after making due allowance for obsolete or slow moving items.Hire purchase and leasing commitmentsRentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.Pension costs and other post-retirement benefitsThe company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.Going concernThe director has considered the financial position of the company and believes it is well placed to manage its business risks successfully. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, thus continues to adopt the going concern basis of preparation in preparing the financial statements.

LOOK AHEAD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

LOOK AHEAD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 4,165
At 31 March 2023 4,165
Depreciation
At 01 April 2022 3,297
Charge for year 217
At 31 March 2023 3,514
Net book value
At 31 March 2023 651
At 31 March 2022 868

LOOK AHEAD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Related party transactions

The company is controlled by Mrs C Sharman.