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Company Registration No. 09036515 (England and Wales)
Lucky H Limited Unaudited accounts for the year ended 31 March 2023
Lucky H Limited Unaudited accounts Contents
Page
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Lucky H Limited Company Information for the year ended 31 March 2023
Director
Ling Ling Vun
Company Number
09036515 (England and Wales)
Registered Office
111 High Street Ryde Isle of Wight PO33 2SZ
Accountants
LJW Accountants Limited 27 Hardy Avenue Dartford Kent DA1 2FE
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Lucky H Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,870 
6,547 
Current assets
Inventories
3,250 
5,960 
Debtors
6,006 
6,006 
Cash at bank and in hand
9,393 
4,015 
18,649 
15,981 
Creditors: amounts falling due within one year
(18,828)
(14,014)
Net current (liabilities)/assets
(179)
1,967 
Total assets less current liabilities
6,691 
8,514 
Creditors: amounts falling due after more than one year
(6,333)
(8,333)
Net assets
358 
181 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
258 
81 
Shareholders' funds
358 
181 
For the year ending 31 March 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.
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 3 March 2024 and were signed on its behalf by
Ling Ling Vun Director Company Registration No. 09036515
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Lucky H Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Lucky H Limited is a private company, limited by shares, registered in England and Wales, registration number 09036515. The registered office is 111 High Street, Ryde, Isle of Wight, PO33 2SZ.
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.
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.
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
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Inventories
Inventories have 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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Lucky H Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
2,843 
4,583 
9,010 
16,436 
Additions
- 
- 
2,300 
2,300 
At 31 March 2023
2,843 
4,583 
11,310 
18,736 
Depreciation
At 1 April 2022
1,804 
3,314 
4,771 
9,889 
Charge for the year
346 
423 
1,208 
1,977 
At 31 March 2023
2,150 
3,737 
5,979 
11,866 
Net book value
At 31 March 2023
693 
846 
5,331 
6,870 
At 31 March 2022
1,039 
1,269 
4,239 
6,547 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
6,006 
6,006 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
5,839 
2,806 
Trade creditors
2,137 
- 
Taxes and social security
(1,152)
(567)
Loans from directors
322 
95 
Accruals
11,682 
11,680 
18,828 
14,014 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
6,333 
8,333 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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