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Company Registration No. 08489354 (England and Wales)
Local's Welcome Ltd Unaudited accounts for the year ended 30 April 2023
Local's Welcome Ltd Unaudited accounts Contents
Page
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Local's Welcome Ltd Company Information for the year ended 30 April 2023
Director
Maninder Singh Gulati
Company Number
08489354 (England and Wales)
Registered Office
268 Church Road Northolt Middlesex UB5 5AW
Accountants
Gurdeep Jaswal Jaswal and Co Limited 121 Beavers Lane Hounslow Middlesex TW4 6HF
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Local's Welcome Ltd Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,844 
33,042 
Current assets
Inventories
85,000 
50,000 
Debtors
50,189 
- 
Cash at bank and in hand
(27,303)
40,273 
107,886 
90,273 
Creditors: amounts falling due within one year
(75,068)
(21,061)
Net current assets
32,818 
69,212 
Total assets less current liabilities
58,662 
102,254 
Creditors: amounts falling due after more than one year
(48,555)
(62,258)
Net assets
10,107 
39,996 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
10,007 
39,896 
Shareholders' funds
10,107 
39,996 
For the year ending 30 April 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 his 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 31 January 2024 and were signed on its behalf by
Maninder Singh Gulati Director Company Registration No. 08489354
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Local's Welcome Ltd Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Local's Welcome Ltd is a private company, limited by shares, registered in England and Wales, registration number 08489354. The registered office is 268 Church Road, Northolt, Middlesex, UB5 5AW.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight line basis
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2022
24,240 
18,500 
5,000 
47,740 
At 30 April 2023
24,240 
18,500 
5,000 
47,740 
Depreciation
At 1 May 2022
4,848 
8,350 
1,500 
14,698 
Charge for the year
4,848 
1,850 
500 
7,198 
At 30 April 2023
9,696 
10,200 
2,000 
21,896 
Net book value
At 30 April 2023
14,544 
8,300 
3,000 
25,844 
At 30 April 2022
19,392 
10,150 
3,500 
33,042 
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Local's Welcome Ltd Notes to the Accounts for the year ended 30 April 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,689 
- 
Accrued income and prepayments
1,500 
- 
10,189 
- 
Amounts falling due after more than one year
Other debtors
40,000 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,000 
5,000 
Obligations under finance leases and hire purchase contracts
7,200 
7,200 
Trade creditors
14,225 
3,287 
Taxes and social security
3,931 
5,574 
Other creditors
44,712 
- 
75,068 
21,061 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
35,833 
40,833 
Obligations under finance leases and hire purchase contracts
12,722 
21,425 
48,555 
62,258 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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