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REGISTERED NUMBER: 12291422 (England and Wales)












Luca Developments Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2024






Luca Developments Ltd (Registered number: 12291422)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Luca Developments Ltd

Company Information
for the Year Ended 31 May 2024







Directors: Ms L C Watson
C J A Watson





Registered office: City Tower 13th Floor
Piccadilly Plaza
Manchester
M1 4BT





Registered number: 12291422 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Luca Developments Ltd (Registered number: 12291422)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 51,948 61,862

Current assets
Stocks 806,473 681,879
Debtors 5 13,102 14,129
Cash at bank 139,936 66,922
959,511 762,930
Creditors
Amounts falling due within one year 6 776,821 710,325
Net current assets 182,690 52,605
Total assets less current liabilities 234,638 114,467

Capital and reserves
Called up share capital 7 2 2
Retained earnings 234,636 114,465
Shareholders' funds 234,638 114,467

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Luca Developments Ltd (Registered number: 12291422)

Balance Sheet - continued
31 May 2024


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 23 August 2024 and were signed on its behalf by:





C J A Watson - Director


Luca Developments Ltd (Registered number: 12291422)

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

1. Statutory information

Luca Developments 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 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.

Pension costs and other post-retirement benefits
The company operates an auto enrolment company pension scheme. Contributions payable for the year are charged in the profit and loss account.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

Luca Developments Ltd (Registered number: 12291422)

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

4. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 June 2023 90,387 1,939 92,326
Additions 7,402 - 7,402
At 31 May 2024 97,789 1,939 99,728
Depreciation
At 1 June 2023 29,619 845 30,464
Charge for year 17,043 273 17,316
At 31 May 2024 46,662 1,118 47,780
Net book value
At 31 May 2024 51,127 821 51,948
At 31 May 2023 60,768 1,094 61,862

5. Debtors: amounts falling due within one year
31.5.24 31.5.23
£    £   
Directors' current accounts 8,090 -
VAT 5,012 14,129
13,102 14,129

6. Creditors: amounts falling due within one year
31.5.24 31.5.23
£    £   
Corporation tax 54,511 13,388
Social security and other taxes 2,946 1,190
Other creditors 718,164 692,402
Directors' current accounts - 1,345
Accrued expenses 1,200 2,000
776,821 710,325

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 Ordinary £1 2 2

Luca Developments Ltd (Registered number: 12291422)

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

8. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the year ended 31 May 2024 and the period ended 31 May 2023:

31.5.24 31.5.23
£    £   
Ms L C Watson
Balance outstanding at start of year - -
Amounts advanced 8,090 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,090 -

The loan was unsecured with no interest charged and is fully repayable by demand.