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REGISTERED NUMBER: 07072985 (England and Wales)












Luke Roper Retail Limited

Financial Statements

for the Year Ended 31 January 2024






Luke Roper Retail Limited (Registered number: 07072985)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Luke Roper Retail Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: S J Poole
Mrs D Poole
L J Roper





SECRETARY: Mrs D Poole





REGISTERED OFFICE: Lukesville
Furze Grounds Farm
Marsh Gibbon Road
Marsh Gibbon
Oxfordshire
OX27 0AQ





REGISTERED NUMBER: 07072985 (England and Wales)





AUDITORS: Kilby Fox
Statutory Auditor
4 Pavilion Court
600 Pavilion Drive
Northampton Business Park
Northampton
Northamptonshire
NN4 7SL

Luke Roper Retail Limited (Registered number: 07072985)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 133,165 143,689

CURRENT ASSETS
Stocks 775,651 726,446
Debtors 5 369,784 410,973
Cash at bank and in hand 416,267 175,595
1,561,702 1,313,014
CREDITORS
Amounts falling due within one year 6 1,087,868 1,009,245
NET CURRENT ASSETS 473,834 303,769
TOTAL ASSETS LESS CURRENT
LIABILITIES

606,999

447,458

PROVISIONS FOR LIABILITIES 8 22,474 22,474
NET ASSETS 584,525 424,984

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 584,524 424,983
SHAREHOLDERS' FUNDS 584,525 424,984

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 13 August 2024 and were signed on its behalf by:





S J Poole - Director


Luke Roper Retail Limited (Registered number: 07072985)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Luke Roper Retail Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery etc - 33.3% on cost, over the period of the lease and at varying rates on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Luke Roper Retail Limited (Registered number: 07072985)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 103 (2023 - 109 ) .

4. TANGIBLE FIXED ASSETS
Plant &
machinery
etc
£   
COST
At 1 February 2023 730,086
Additions 74,342
At 31 January 2024 804,428
DEPRECIATION
At 1 February 2023 586,397
Charge for year 84,866
At 31 January 2024 671,263
NET BOOK VALUE
At 31 January 2024 133,165
At 31 January 2023 143,689

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,296 21,966
Other debtors 360,488 389,007
369,784 410,973

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 357,905 242,458
Amounts owed to group undertakings 76,015 72,415
Taxation and social security 73,859 43,988
Other creditors 580,089 650,384
1,087,868 1,009,245

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 417 -

Luke Roper Retail Limited (Registered number: 07072985)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 22,474 22,474

Deferred
tax
£   
Balance at 1 February 2023 22,474
Balance at 31 January 2024 22,474

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Martin Crooke FCCA (Senior Statutory Auditor)
for and on behalf of Kilby Fox

10. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements - 12,202

11. RELATED PARTY DISCLOSURES

Luke Roper Limited
Parent undertaking

Mr S J Poole, Mrs D Poole and Mr L J Roper who are Directors of Luke Roper Retail Limited are also Directors of Luke Roper Limited.

Included within creditors falling due within one year is £76,015 (2023 debtor : £72,415) owed from Luke Roper Limited.

The company is claiming the exemption under paragraph 33.1A of FRS102 from disclosing transactions with wholly owned subsidiaries.

12. ULTIMATE CONTROLLING PARTY

There is no overall controlling party.