IRIS Accounts Production v24.1.9.2 04957472 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049574722022-10-31049574722023-10-31049574722022-11-012023-10-31049574722021-10-31049574722021-11-012022-10-31049574722022-10-3104957472ns15:EnglandWales2022-11-012023-10-3104957472ns14:PoundSterling2022-11-012023-10-3104957472ns10:Director12022-11-012023-10-3104957472ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3104957472ns10:SmallEntities2022-11-012023-10-3104957472ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3104957472ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3104957472ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3104957472ns10:FullAccounts2022-11-012023-10-310495747212022-11-012023-10-3104957472ns10:Director22022-11-012023-10-3104957472ns10:CompanySecretary12022-11-012023-10-3104957472ns10:RegisteredOffice2022-11-012023-10-3104957472ns5:CurrentFinancialInstruments2023-10-3104957472ns5:CurrentFinancialInstruments2022-10-3104957472ns5:Non-currentFinancialInstruments2023-10-3104957472ns5:Non-currentFinancialInstruments2022-10-3104957472ns5:ShareCapital2023-10-3104957472ns5:ShareCapital2022-10-3104957472ns5:RetainedEarningsAccumulatedLosses2023-10-3104957472ns5:RetainedEarningsAccumulatedLosses2022-10-3104957472ns5:NetGoodwill2022-11-012023-10-3104957472ns5:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3104957472ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-11-012023-10-3104957472ns5:FurnitureFittings2022-11-012023-10-3104957472ns5:MotorVehicles2022-11-012023-10-3104957472ns5:ComputerEquipment2022-11-012023-10-3104957472ns5:NetGoodwill2022-10-3104957472ns5:NetGoodwill2023-10-3104957472ns5:NetGoodwill2022-10-3104957472ns5:LandBuildings2022-10-3104957472ns5:PlantMachinery2022-10-3104957472ns5:FurnitureFittings2022-10-3104957472ns5:LandBuildings2022-11-012023-10-3104957472ns5:PlantMachinery2022-11-012023-10-3104957472ns5:LandBuildings2023-10-3104957472ns5:PlantMachinery2023-10-3104957472ns5:FurnitureFittings2023-10-3104957472ns5:LandBuildings2022-10-3104957472ns5:PlantMachinery2022-10-3104957472ns5:FurnitureFittings2022-10-3104957472ns5:MotorVehicles2022-10-3104957472ns5:ComputerEquipment2022-10-3104957472ns5:MotorVehicles2023-10-3104957472ns5:ComputerEquipment2023-10-3104957472ns5:MotorVehicles2022-10-3104957472ns5:ComputerEquipment2022-10-3104957472ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3104957472ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3104957472ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-10-3104957472ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-10-31
REGISTERED NUMBER: 04957472 (England and Wales)















LOKATE PROMOTIONS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






LOKATE PROMOTIONS LTD (REGISTERED NUMBER: 04957472)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOKATE PROMOTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: A Sullivan
K Sullivan





SECRETARY: K Sullivan





REGISTERED OFFICE: Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT





REGISTERED NUMBER: 04957472 (England and Wales)





ACCOUNTANTS: DSC
Chartered Accountants
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT

LOKATE PROMOTIONS LTD (REGISTERED NUMBER: 04957472)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,625 21,875
Tangible assets 5 117,813 66,139
133,438 88,014

CURRENT ASSETS
Stocks 635,539 580,510
Debtors 6 397,349 502,232
Cash at bank 156,673 37,735
1,189,561 1,120,477
CREDITORS
Amounts falling due within one year 7 710,736 581,745
NET CURRENT ASSETS 478,825 538,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

612,263

626,746

CREDITORS
Amounts falling due after more than one
year

8

(100,792

)

(163,266

)

PROVISIONS FOR LIABILITIES (27,200 ) (10,800 )
NET ASSETS 484,271 452,680

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 484,269 452,678
SHAREHOLDERS' FUNDS 484,271 452,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LOKATE PROMOTIONS LTD (REGISTERED NUMBER: 04957472)

BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





A Sullivan - Director


LOKATE PROMOTIONS LTD (REGISTERED NUMBER: 04957472)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Lokate Promotions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

LOKATE PROMOTIONS LTD (REGISTERED NUMBER: 04957472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 125,000
AMORTISATION
At 1 November 2022 103,125
Charge for year 6,250
At 31 October 2023 109,375
NET BOOK VALUE
At 31 October 2023 15,625
At 31 October 2022 21,875

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2022 12,125 19,650 77,301
Additions - 13,999 -
Disposals - - (9,995 )
At 31 October 2023 12,125 33,649 67,306
DEPRECIATION
At 1 November 2022 2,910 7,860 70,932
Charge for year 243 6,730 1,592
Eliminated on disposal - - (9,573 )
At 31 October 2023 3,153 14,590 62,951
NET BOOK VALUE
At 31 October 2023 8,972 19,059 4,355
At 31 October 2022 9,215 11,790 6,369

LOKATE PROMOTIONS LTD (REGISTERED NUMBER: 04957472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 55,620 15,181 179,877
Additions 56,190 217 70,406
Disposals - - (9,995 )
At 31 October 2023 111,810 15,398 240,288
DEPRECIATION
At 1 November 2022 21,124 10,912 113,738
Charge for year 8,624 1,121 18,310
Eliminated on disposal - - (9,573 )
At 31 October 2023 29,748 12,033 122,475
NET BOOK VALUE
At 31 October 2023 82,062 3,365 117,813
At 31 October 2022 34,496 4,269 66,139

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 251,262 335,332
Other debtors 11,794 10,802
Prepayments and accrued income 134,293 156,098
397,349 502,232

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans 61,077 55,505
Hire purchase contracts 47,396 41,065
Trade creditors 132,022 193,898
Corporation tax 24,353 36,951
Social security and other taxes 2,493 3,118
VAT 38,735 39,104
Other creditors 12,283 11,613
Directors' current accounts 45,603 46,091
Accrued expenses 336,774 144,400
710,736 581,745

LOKATE PROMOTIONS LTD (REGISTERED NUMBER: 04957472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,833 25,833
Other loans 57,269 118,337
Hire purchase contracts 27,690 19,096
100,792 163,266