Company Registration No. 8310692 (England and Wales)
Liz Poole limited
Unaudited accounts
for the year ended 30 November 2023
Liz Poole limited
Unaudited accounts
Contents
Liz Poole limited
Company Information
for the year ended 30 November 2023
Directors
E C Poole
D Poole
Company Number
8310692 (England and Wales)
Registered Office
1 West Street
Lewes
East Sussex
BN7 2NZ
Accountants
Maxwell-Gumbleton & Co.
1 West Street
Lewes
East Sussex
BN7 2NZ
Liz Poole limited
Statement of financial position
as at 30 November 2023
Tangible assets
15,437
16,459
Cash at bank and in hand
1,725
9,557
Creditors: amounts falling due within one year
(56,329)
(64,283)
Net current assets
6,259
27,974
Total assets less current liabilities
21,696
44,433
Creditors: amounts falling due after more than one year
(13,333)
(18,333)
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
8,161
25,847
Shareholders' funds
8,162
25,848
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by
E C Poole
Director
Company Registration No. 8310692
Liz Poole limited
Notes to the Accounts
for the year ended 30 November 2023
Liz Poole limited is a private company, limited by shares, registered in England and Wales, registration number 8310692. The registered office is 1 West Street, Lewes, East Sussex, BN7 2NZ.
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 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:
Land & buildings
25 year straight line
Plant & machinery
20% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Liz Poole limited
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 December 2022
18,919
4,897
23,816
At 30 November 2023
18,919
4,897
23,816
At 1 December 2022
3,785
3,572
7,357
Charge for the year
757
265
1,022
At 30 November 2023
4,542
3,837
8,379
At 30 November 2023
14,377
1,060
15,437
At 30 November 2022
15,134
1,325
16,459
Amounts falling due within one year
Trade debtors
30,148
27,400
Accrued income and prepayments
17,745
38,800
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,000
5,000
Trade creditors
1,553
5,123
Taxes and social security
42,693
49,683
Loans from directors
1,588
1,416
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
10 Ordinary shares of £0.10 each
1
1
Liz Poole limited
Notes to the Accounts
for the year ended 30 November 2023
9
Operating lease commitments
2023
2022
At 30 November 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
16,200
-
Later than one year and not later than five years
67,500
29,708
10
Average number of employees
During the year the average number of employees was 11 (2022: 9).