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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
Page
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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
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Liz Poole limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,437 
16,459 
Current assets
Inventories
11,500 
11,500 
Debtors
49,363 
71,200 
Cash at bank and in hand
1,725 
9,557 
62,588 
92,257 
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
Deferred tax
(201)
(252)
Net assets
8,162 
25,848 
Capital and reserves
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
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Liz Poole limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
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:
Land & buildings
25 year straight line
Plant & machinery
20% reducing balance
Deferred taxation
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.
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.
Financial instruments
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.
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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 
Depreciation
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 
Net book value
At 30 November 2023
14,377 
1,060 
15,437 
At 30 November 2022
15,134 
1,325 
16,459 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,148 
27,400 
Accrued income and prepayments
17,745 
38,800 
Other debtors
1,470 
5,000 
49,363 
71,200 
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 
Other creditors
3,030 
819 
Loans from directors
1,588 
1,416 
Accruals
2,465 
2,242 
56,329 
64,283 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
13,333 
18,333 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £0.10 each
1 
1 
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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 
83,700 
29,708 
10
Average number of employees
During the year the average number of employees was 11 (2022: 9).
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