Look In Limited 03457444 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is inspection and maintenance of internal pipework Digita Accounts Production Advanced 6.30.9574.0 true 03457444 2023-01-01 2023-12-31 03457444 2023-12-31 03457444 bus:OrdinaryShareClass1 2023-12-31 03457444 core:CurrentFinancialInstruments 2023-12-31 03457444 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03457444 core:FurnitureFittingsToolsEquipment 2023-12-31 03457444 core:MotorVehicles 2023-12-31 03457444 bus:SmallEntities 2023-01-01 2023-12-31 03457444 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03457444 bus:FilletedAccounts 2023-01-01 2023-12-31 03457444 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03457444 bus:RegisteredOffice 2023-01-01 2023-12-31 03457444 bus:Director1 2023-01-01 2023-12-31 03457444 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 03457444 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03457444 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 03457444 core:MotorVehicles 2023-01-01 2023-12-31 03457444 core:OfficeEquipment 2023-01-01 2023-12-31 03457444 core:PlantMachinery 2023-01-01 2023-12-31 03457444 countries:England 2023-01-01 2023-12-31 03457444 2022-12-31 03457444 core:FurnitureFittingsToolsEquipment 2022-12-31 03457444 core:MotorVehicles 2022-12-31 03457444 2022-01-01 2022-12-31 03457444 2022-12-31 03457444 bus:OrdinaryShareClass1 2022-12-31 03457444 core:CurrentFinancialInstruments 2022-12-31 03457444 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 03457444 core:FurnitureFittingsToolsEquipment 2022-12-31 03457444 core:MotorVehicles 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03457444

Look In Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Look In Limited

(Registration number: 03457444)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,355

2,332

Current assets

 

Stocks

5

150

150

Debtors

6

569

411

Cash at bank and in hand

 

146,670

174,995

 

147,389

175,556

Creditors: Amounts falling due within one year

7

(1,044)

(8,599)

Net current assets

 

146,345

166,957

Total assets less current liabilities

 

147,700

169,289

Provisions for liabilities

(258)

(443)

Net assets

 

147,442

168,846

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

147,440

168,844

Shareholders' funds

 

147,442

168,846

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 September 2024
 

.........................................
T Smith
Director

 

Look In Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
11 Minster Garden
Newthorpe
Nottingham
NG16 2AT

These financial statements were authorised for issue by the director on 26 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Look In Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

20% straight line

Plant and machinery

15% straight line

Office equipment

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 3).

 

Look In Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

57,141

8,700

65,841

At 31 December 2023

57,141

8,700

65,841

Depreciation

At 1 January 2023

54,810

8,700

63,510

Charge for the year

976

-

976

At 31 December 2023

55,786

8,700

64,486

Carrying amount

At 31 December 2023

1,355

-

1,355

At 31 December 2022

2,332

-

2,332

5

stocks

2023
£

2022
£

Other inventories

150

150

6

Debtors

Current

2023
£

2022
£

Other debtors

569

411

 

569

411

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

997

990

Other creditors

47

7,609

1,044

8,599

8

Share capital

Allotted, called up and fully paid shares

 

Look In Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

2023

2022

No.

£

No.

£

Ordinary share of £1 each

2

2

2

2