Registered number
10654218
LUCY PETERS ASSOCIATES LIMITED
Filleted Accounts
31 March 2023
LUCY PETERS ASSOCIATES LIMITED
Registered number: 10654218
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 16,380 17,940
Cash at bank and in hand 10,218 22,677
26,598 40,617
Creditors: amounts falling due within one year 4 (25,170) (23,071)
Net current assets 1,428 17,546
Net assets 1,428 17,546
Capital and reserves
Called up share capital 10 10
Profit and loss account 1,418 17,536
Shareholders' funds 1,428 17,546
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L W Peters
Director
Approved by the board on 8 November 2023
LUCY PETERS ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2023 2022
£ £
Trade debtors 16,380 17,940
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 23,468 22,088
Other creditors 1,702 983
25,170 23,071
5 Controlling party
The company is under the control of the managing director, Mrs L W Peters.
6 Other information
LUCY PETERS ASSOCIATES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
173 Rosendale Road
West Dulwich
London
England
SE21 8LW
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