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REGISTERED NUMBER: 10821645 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST JULY 2023 TO 31ST JANUARY 2024

FOR

SMOKING LOBSTER LIMITED

SMOKING LOBSTER LIMITED (REGISTERED NUMBER: 10821645)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JULY 2023 TO 31ST JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SMOKING LOBSTER LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST JULY 2023 TO 31ST JANUARY 2024







DIRECTORS: Ms G A King
Mrs A King
G G Giancovich





REGISTERED OFFICE: Esplanade
Ventnor
Isle of Wight
PO38 1JT





REGISTERED NUMBER: 10821645 (England and Wales)





ACCOUNTANTS: Harrison Black Limited
East Quay
Kite Hill
Wootton Bridge
Isle of Wight
PO33 4LA

SMOKING LOBSTER LIMITED (REGISTERED NUMBER: 10821645)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 42,100 51,200
Tangible assets 5 68,863 76,874
110,963 128,074

CURRENT ASSETS
Stocks 12,000 17,672
Debtors 6 295,264 329,306
Cash at bank and in hand 1,000 65,034
308,264 412,012
CREDITORS
Amounts falling due within one year 7 390,545 456,729
NET CURRENT LIABILITIES (82,281 ) (44,717 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,682

83,357

CREDITORS
Amounts falling due after more than one
year

8

(14,116

)

(24,259

)

PROVISIONS FOR LIABILITIES (12,067 ) (12,067 )
NET ASSETS 2,499 47,031

SMOKING LOBSTER LIMITED (REGISTERED NUMBER: 10821645)

BALANCE SHEET - continued
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,399 46,931
SHAREHOLDERS' FUNDS 2,499 47,031

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st January 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.

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 31st October 2024 and were signed on its behalf by:




G G Giancovich - Director



Mrs A King - Director


SMOKING LOBSTER LIMITED (REGISTERED NUMBER: 10821645)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JULY 2023 TO 31ST JANUARY 2024


1. STATUTORY INFORMATION

Smoking Lobster 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery etc - 20% 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 period 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.


SMOKING LOBSTER LIMITED (REGISTERED NUMBER: 10821645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JULY 2023 TO 31ST JANUARY 2024


2. ACCOUNTING POLICIES - continued
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2023
and 31st January 2024 98,000
AMORTISATION
At 1st July 2023 46,800
Charge for period 9,100
At 31st January 2024 55,900
NET BOOK VALUE
At 31st January 2024 42,100
At 30th June 2023 51,200

SMOKING LOBSTER LIMITED (REGISTERED NUMBER: 10821645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JULY 2023 TO 31ST JANUARY 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st July 2023 22,191 134,429 156,620
Additions - 1,600 1,600
At 31st January 2024 22,191 136,029 158,220
DEPRECIATION
At 1st July 2023 4,438 75,308 79,746
Charge for period 1,294 8,317 9,611
At 31st January 2024 5,732 83,625 89,357
NET BOOK VALUE
At 31st January 2024 16,459 52,404 68,863
At 30th June 2023 17,753 59,121 76,874

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 295,264 329,306

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,831 10,000
Trade creditors 19,728 41,772
Taxation and social security - 21,355
Other creditors 353,986 383,602
390,545 456,729

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 14,116 24,259

SMOKING LOBSTER LIMITED (REGISTERED NUMBER: 10821645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JULY 2023 TO 31ST JANUARY 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31st January 2024 and the year ended 30th June 2023:

2024 2023
£    £   
G G Giancovich
Balance outstanding at start of period (787 ) 1,180
Amounts advanced 6,994 1,270
Amounts repaid (6,208 ) (3,237 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (1 ) (787 )

10. RELATED PARTY DISCLOSURES

At the year end, the following amounts were owed to/from the following:

Smoking Lobster Kitchen Limited due from - director has significant influence - £14,153 (2023 - £5,614)
Drunken Lobster Limited due from - director has significant influence - £263,909 (2023 - £320,753)
Lobster HR Limited due to - director has significant influence - £144,558 (2023 - £63,804)
Smoking Lobster Production Limited due to - director has significant influence - £800 (2023 - £nil)

The transactions are all included at market rate.