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REGISTERED NUMBER: 04740318 (England and Wales)















LOBSTER DIGITAL MARKETING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2023






LOBSTER DIGITAL MARKETING LIMITED (REGISTERED NUMBER: 04740318)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOBSTER DIGITAL MARKETING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2023







DIRECTORS: R G Davies
H P Davies





SECRETARY: H P Davies





REGISTERED OFFICE: 96 Cardiff Road
Llandaff
Cardiff
Sth Glam
CF5 2DT





REGISTERED NUMBER: 04740318 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

LOBSTER DIGITAL MARKETING LIMITED (REGISTERED NUMBER: 04740318)

BALANCE SHEET
30TH APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 101 1,043

CURRENT ASSETS
Debtors 5 15,068 20,189

CREDITORS
Amounts falling due within one year 6 19,667 24,065
NET CURRENT LIABILITIES (4,599 ) (3,876 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,498

)

(2,833

)

CREDITORS
Amounts falling due after more than one
year

7

-

633
NET LIABILITIES (4,498 ) (3,466 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (4,598 ) (3,566 )
SHAREHOLDERS' FUNDS (4,498 ) (3,466 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

LOBSTER DIGITAL MARKETING LIMITED (REGISTERED NUMBER: 04740318)

BALANCE SHEET - continued
30TH APRIL 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th March 2024 and were signed on its behalf by:





R G Davies - Director


LOBSTER DIGITAL MARKETING LIMITED (REGISTERED NUMBER: 04740318)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023

1. STATUTORY INFORMATION

Lobster Digital Marketing 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.

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.
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

LOBSTER DIGITAL MARKETING LIMITED (REGISTERED NUMBER: 04740318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st May 2022 4,999 3,663 8,662
Disposals (4,999 ) - (4,999 )
At 30th April 2023 - 3,663 3,663
DEPRECIATION
At 1st May 2022 4,167 3,452 7,619
Charge for year - 110 110
Eliminated on disposal (4,167 ) - (4,167 )
At 30th April 2023 - 3,562 3,562
NET BOOK VALUE
At 30th April 2023 - 101 101
At 30th April 2022 832 211 1,043

LOBSTER DIGITAL MARKETING LIMITED (REGISTERED NUMBER: 04740318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st May 2022 4,999
Disposals (4,999 )
At 30th April 2023 -
DEPRECIATION
At 1st May 2022 4,167
Eliminated on disposal (4,167 )
At 30th April 2023 -
NET BOOK VALUE
At 30th April 2023 -
At 30th April 2022 832

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 643 1,754
Other debtors 5,221 5,221
Directors' current accounts 9,204 13,214
15,068 20,189

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,765 9,586
Hire purchase contracts - 949
Trade creditors 7,589 10,869
Corporation Tax 686 766
Social security and other taxes 307 228
Accruals and deferred income 1,320 1,667
19,667 24,065

LOBSTER DIGITAL MARKETING LIMITED (REGISTERED NUMBER: 04740318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 633

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

The company had the following outstanding directors loans at the year end:

- R G Davies owed the company £868 (2022 - £3,898)
- H P Davies owed the company £8,335 (2022 - £9,316)