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REGISTERED NUMBER: 09083130 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Lobstore Limited

Lobstore Limited (Registered number: 09083130)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lobstore Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Ms K M Forrest
Mrs T L Pearson
Mr T Pearson
Mr T N Pearson





REGISTERED OFFICE: Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 09083130 (England and Wales)





ACCOUNTANTS: Asquith & Co Accountants Limited
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Lobstore Limited (Registered number: 09083130)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,512 44,861

CURRENT ASSETS
Stocks 12,800 3,800
Debtors 5 135,467 148,816
Cash at bank and in hand 746 51,986
149,013 204,602
CREDITORS
Amounts falling due within one year 6 88,965 150,113
NET CURRENT ASSETS 60,048 54,489
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,560

99,350

CREDITORS
Amounts falling due after more than one
year

7

(32,691

)

(41,831

)

PROVISIONS FOR LIABILITIES (6,850 ) (8,524 )
NET ASSETS 56,019 48,995

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 55,019 47,995
SHAREHOLDERS' FUNDS 56,019 48,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Lobstore Limited (Registered number: 09083130)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:




Mr T Pearson - Director Ms K M Forrest - Director




Mr T N Pearson - Director Mrs T L Pearson - Director


Lobstore Limited (Registered number: 09083130)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Lobstore Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Lobstore Limited (Registered number: 09083130)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals 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 benefits
The 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 105,599
Additions 288
At 30 June 2023 105,887
DEPRECIATION
At 1 July 2022 60,738
Charge for year 9,637
At 30 June 2023 70,375
NET BOOK VALUE
At 30 June 2023 35,512
At 30 June 2022 44,861

Lobstore Limited (Registered number: 09083130)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 27,480
DEPRECIATION
At 1 July 2022 12,023
Charge for year 3,864
At 30 June 2023 15,887
NET BOOK VALUE
At 30 June 2023 11,593
At 30 June 2022 15,457

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 61,708 88,027
Other debtors 73,759 60,789
135,467 148,816

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 7,384 6,269
Hire purchase contracts 4,370 5,827
Trade creditors 49,484 111,647
Taxation and social security 23,301 14,887
Other creditors 4,426 11,483
88,965 150,113

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 32,691 37,461
Hire purchase contracts - 4,370
32,691 41,831

Lobstore Limited (Registered number: 09083130)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
Mr T Pearson and Ms K M Forrest
Balance outstanding at start of year 27,626 7,281
Amounts advanced 37,280 27,845
Amounts repaid (39,800 ) (7,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,106 27,626

Mr T N Pearson and Mrs T L Pearson
Balance outstanding at start of year - -
Amounts advanced 25 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25 -

The above loans are interest free and repayable on demand.