Lark Topsham Limited 09527673 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is retail of gifts. Digita Accounts Production Advanced 6.30.9574.0 true true 09527673 2023-04-01 2024-03-31 09527673 2024-03-31 09527673 bus:Director1 2024-03-31 09527673 bus:OrdinaryShareClass1 2024-03-31 09527673 core:CurrentFinancialInstruments 2024-03-31 09527673 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09527673 core:FurnitureFittingsToolsEquipment 2024-03-31 09527673 bus:SmallEntities 2023-04-01 2024-03-31 09527673 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09527673 bus:FilletedAccounts 2023-04-01 2024-03-31 09527673 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09527673 bus:RegisteredOffice 2023-04-01 2024-03-31 09527673 bus:Director1 2023-04-01 2024-03-31 09527673 bus:Director2 2023-04-01 2024-03-31 09527673 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 09527673 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09527673 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 09527673 core:OfficeEquipment 2023-04-01 2024-03-31 09527673 countries:EnglandWales 2023-04-01 2024-03-31 09527673 2023-03-31 09527673 core:FurnitureFittingsToolsEquipment 2023-03-31 09527673 2022-04-01 2023-03-31 09527673 2023-03-31 09527673 bus:OrdinaryShareClass1 2023-03-31 09527673 core:CurrentFinancialInstruments 2023-03-31 09527673 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09527673 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09527673

Lark Topsham Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Lark Topsham Limited

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Lark Topsham Limited

Company Information

Director

Mrs C Hayler

Registered office

16 Fore Street
Topsham
Exeter
Devon
EX3 0HF

Accountants

Harland Accountants
Ground Floor, Unit 3 Southview House
St Austell Enterprise Park
Carclaze Down
St Austell
Cornwall
PL25 4EJ

 

Lark Topsham Limited

Director's Report for the Year Ended 31 March 2024

The director presents her report and the financial statements for the year ended 31 March 2024.

Directors of the company

The directors who held office during the year were as follows:

Mrs E C Smith (ceased 29 January 2024)

Mrs C Hayler

Principal activity

The principal activity of the company is retail of gifts.

Small companies provision statement

This report has 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.

Approved and authorised by the director on 18 October 2024
 

.........................................
Mrs C Hayler
Director

 

Lark Topsham Limited

(Registration number: 09527673)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

898

885

Current assets

 

Stocks

3,000

3,544

Debtors

-

690

Cash at bank and in hand

 

2,324

4,844

 

5,324

9,078

Creditors: Amounts falling due within one year

(8,300)

(11,628)

Net current liabilities

 

(2,976)

(2,550)

Total assets less current liabilities

 

(2,078)

(1,665)

Provisions for liabilities

(66)

(151)

Net liabilities

 

(2,144)

(1,816)

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

(2,244)

(1,916)

Shareholders' deficit

 

(2,144)

(1,816)

For the financial year ending 31 March 2024 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 her 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Lark Topsham Limited

(Registration number: 09527673)
Balance Sheet as at 31 March 2024

Approved and authorised by the director on 18 October 2024
 

.........................................
Mrs C Hayler
Director

 

Lark Topsham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

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

The address of its registered office is:
16 Fore Street
Topsham
Exeter
Devon
EX3 0HF

These financial statements were authorised for issue by the director on 18 October 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.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will continue in existence for the foreseeable future. The validity of this assumption relies on the continued support of the company's directors, who have loaned the company money. The directors have confirmed that they will not request repayment unless the company has the funds available to meet that request.

 

Lark Topsham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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 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.

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.

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

Office equipment

15% reducing balance

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.

 

Lark Topsham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 2).

 

Lark Topsham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

2,254

2,254

Additions

172

172

At 31 March 2024

2,426

2,426

Depreciation

At 1 April 2023

1,369

1,369

Charge for the year

159

159

At 31 March 2024

1,528

1,528

Carrying amount

At 31 March 2024

898

898

At 31 March 2023

885

885

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100