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REGISTERED NUMBER: 12641810 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

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

FOR

DRUNKEN LOBSTER LTD

DRUNKEN LOBSTER LTD (REGISTERED NUMBER: 12641810)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRUNKEN LOBSTER LTD

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







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





REGISTERED OFFICE: East Quay
Kite Hill
Wootton Bridge
Isle of Wight
PO33 4LA





REGISTERED NUMBER: 12641810 (England and Wales)





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

DRUNKEN LOBSTER LTD (REGISTERED NUMBER: 12641810)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 302,895 329,288

CURRENT ASSETS
Stocks 35,000 26,000
Debtors 5 154,436 49,811
Cash at bank and in hand 12,285 30,176
201,721 105,987
CREDITORS
Amounts falling due within one year 6 602,854 465,613
NET CURRENT LIABILITIES (401,133 ) (359,626 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(98,238

)

(30,338

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (98,338 ) (30,438 )
(98,238 ) (30,338 )

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.

DRUNKEN LOBSTER LTD (REGISTERED NUMBER: 12641810)

BALANCE SHEET - continued
31ST JANUARY 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 31st October 2024 and were signed on its behalf by:




Mrs C G Reckitt - Director



Mrs A King - Director


DRUNKEN LOBSTER LTD (REGISTERED NUMBER: 12641810)

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


1. STATUTORY INFORMATION

Drunken Lobster 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.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance and 15% 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.

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.

DRUNKEN LOBSTER LTD (REGISTERED NUMBER: 12641810)

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


2. ACCOUNTING POLICIES - continued

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. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st May 2023 336,008 92,041 428,049
Additions - 15,380 15,380
At 31st January 2024 336,008 107,421 443,429
DEPRECIATION
At 1st May 2023 67,202 31,559 98,761
Charge for period 25,200 16,573 41,773
At 31st January 2024 92,402 48,132 140,534
NET BOOK VALUE
At 31st January 2024 243,606 59,289 302,895
At 30th April 2023 268,806 60,482 329,288

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 154,436 49,811

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 59,445 86,991
Taxation and social security 16,215 16,576
Other creditors 527,194 362,046
602,854 465,613

DRUNKEN LOBSTER LTD (REGISTERED NUMBER: 12641810)

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


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mrs A King
Balance outstanding at start of period 20,000 -
Amounts advanced 40,000 20,000
Amounts repaid (60,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 20,000

Mrs C G Reckitt
Balance outstanding at start of period 7,841 -
Amounts advanced 6,862 7,841
Amounts repaid (14,750 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (47 ) 7,841

8. RELATED PARTY DISCLOSURES

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

Lobster HR Limited due from - director has significant influence - £119,152 (2023 - £3,865)
Smoking Lobster Limited due to - director has significant influence - £263,909 (2023 - £306,681)
Smoking Lobster Kitchen Limited due to - director has significant influence - £252,043 (2023 - £21,801)

The transactions are all included at market rate.