Company Registration No. 13325876 (England and Wales)
Lookout on the Pier Limited
Unaudited accounts
for the year ended 31 May 2023
Lookout on the Pier Limited
Unaudited accounts
Contents
Lookout on the Pier Limited
Company Information
for the year ended 31 May 2023
Director
Gillian Partridge
Company Number
13325876 (England and Wales)
Registered Office
Flat 4 Weldon Court
Weaponness Park
Scarborough
North Yorkshire
YO11 2UA
Lookout on the Pier Limited
Statement of financial position
as at 31 May 2023
Intangible assets
52,500
52,500
Tangible assets
35,475
47,466
Cash at bank and in hand
49,485
39,244
Creditors: amounts falling due within one year
(23,650)
(46,163)
Net current assets
37,335
4,731
Total assets less current liabilities
125,310
104,697
Creditors: amounts falling due after more than one year
(39,814)
(45,370)
Profit and loss account
85,496
59,327
Shareholders' funds
85,496
59,327
For the year ending 31 May 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 her 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 the year in accordance with Section 444(2A).
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 31 January 2024 and were signed on its behalf by
Gillian Partridge
Director
Company Registration No. 13325876
Lookout on the Pier Limited
Notes to the Accounts
for the year ended 31 May 2023
Lookout on the Pier Limited is a private company, limited by shares, registered in England and Wales, registration number 13325876. The registered office is Flat 4 Weldon Court, Weaponness Park , Scarborough, North Yorkshire, YO11 2UA.
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
20% straight line
Fixtures & fittings
20% reducing balance
Computer equipment
33% reducing balance
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Lookout on the Pier Limited
Notes to the Accounts
for the year ended 31 May 2023
4
Intangible fixed assets
Total
5
Tangible fixed assets
Total
Charge for the year
12,297
Surplus on revaluation
2,063
6
Operating lease commitments
2023
2022
At 31 May 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than five years
93,241
101,591
7
Average number of employees
During the year the average number of employees was 16 (2022: 16).