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
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
Local's Welcome Ltd
Statement of financial position
as at 30 April 2023
Tangible assets
25,844
33,042
Cash at bank and in hand
(27,303)
40,273
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)
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
Local's Welcome Ltd
Notes to the Accounts
for the year ended 30 April 2023
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.
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.
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
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
At 30 April 2023
14,544
8,300
3,000
25,844
At 30 April 2022
19,392
10,150
3,500
33,042
Local's Welcome Ltd
Notes to the Accounts
for the year ended 30 April 2023
Amounts falling due within one year
Accrued income and prepayments
1,500
-
Amounts falling due after more than one year
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
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
12,722
21,425
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).