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Company registration number: NI619852
Lotus Designs (NI) Ltd
Unaudited filleted financial statements
31 October 2023
Lotus Designs (NI) Ltd
Contents
Directors and other information
Statement of financial position and notes to the financial statements
Lotus Designs (NI) Ltd
Directors and other information
Directors Mr Sean Mc Closkey
Mrs Tracy Mc Closkey
Company number NI619852
Registered office 102, Drumagarner Road
Kilrea
Coleraine
Co.Derry
BT51 5TE
Bankers Bank of Ireland
11 Market St
Magherafelt
Co.Derry
BT45 6EE
Lotus Designs (NI) Ltd
Statement of financial position
31 October 2023
2023 2022
£ £
Fixed assets 232,440 202,693
_______ _______
Current assets 193,553 308,096
Creditors: amounts falling due within one year ( 83,222) ( 99,017)
_______ _______
Net current assets 110,331 209,079
_______ _______
Total assets less current liabilities 342,771 411,772
Accruals and deferred income ( 30,388) ( 78,581)
_______ _______
Net assets 312,383 333,191
_______ _______
Capital and reserves 312,383 333,191
_______ _______
Notes to the financial statements
Lotus Designs (NI) Ltd
Year ended 31 October 2023
1. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2022: 7 ).
2. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Sean Mc Closkey ( 93) ( 81,505) 81,115 ( 483)
Mrs Tracy Mc Closkey ( 93) - - ( 93)
_______ _______ _______ _______
( 186) ( 81,505) 81,115 ( 576)
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Sean Mc Closkey ( 837) ( 11,020) 11,763 (94)
Mrs Tracy Mc Closkey ( 837) ( 11,020) 11,763 (94)
_______ _______ _______ _______
( 1,674) ( 22,040) 23,526 (188)
_______ _______ _______ _______
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 29 July 2024 , and are signed on behalf of the board by:
Mr Sean Mc Closkey Mrs Tracy Mc Closkey
Director Director
Company registration number: NI619852
The company is a private company limited by shares, registered in N.Ireland.