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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
Page
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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
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Lookout on the Pier Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
52,500 
52,500 
Tangible assets
35,475 
47,466 
87,975 
99,966 
Current assets
Inventories
11,500 
11,650 
Cash at bank and in hand
49,485 
39,244 
60,985 
50,894 
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)
Net assets
85,496 
59,327 
Capital and reserves
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
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Lookout on the Pier Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Leased assets
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
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.
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Lookout on the Pier Limited Notes to the Accounts for the year ended 31 May 2023
4
Intangible fixed assets
Total 
£ 
Cost
At 1 June 2022
52,500 
At 31 May 2023
52,500 
Amortisation
At 1 June 2022
- 
At 31 May 2023
- 
Net book value
At 31 May 2023
52,500 
At 31 May 2022
52,500 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 June 2022
59,586 
Additions
2,369 
At 31 May 2023
61,955 
Depreciation
At 1 June 2022
12,120 
Charge for the year
12,297 
Surplus on revaluation
2,063 
At 31 May 2023
26,480 
Net book value
At 31 May 2023
35,475 
At 31 May 2022
47,466 
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).
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