IRIS Accounts Production v24.3.0.553 09917385 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099173852023-03-31099173852024-03-31099173852023-04-012024-03-31099173852022-03-31099173852022-04-012023-03-31099173852023-03-3109917385ns15:EnglandWales2023-04-012024-03-3109917385ns14:PoundSterling2023-04-012024-03-3109917385ns10:Director12023-04-012024-03-3109917385ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109917385ns10:SmallEntities2023-04-012024-03-3109917385ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3109917385ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109917385ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109917385ns10:FullAccounts2023-04-012024-03-3109917385ns10:OrdinaryShareClass12023-04-012024-03-3109917385ns10:RegisteredOffice2023-04-012024-03-3109917385ns5:CurrentFinancialInstruments2024-03-3109917385ns5:CurrentFinancialInstruments2023-03-3109917385ns5:Non-currentFinancialInstruments2024-03-3109917385ns5:Non-currentFinancialInstruments2023-03-3109917385ns5:ShareCapital2024-03-3109917385ns5:ShareCapital2023-03-3109917385ns5:RevaluationReserve2024-03-3109917385ns5:RevaluationReserve2023-03-3109917385ns5:RetainedEarningsAccumulatedLosses2024-03-3109917385ns5:RetainedEarningsAccumulatedLosses2023-03-3109917385ns5:LandBuildings2023-03-3109917385ns5:PlantMachinery2023-03-3109917385ns5:LandBuildings2023-04-012024-03-3109917385ns5:PlantMachinery2023-04-012024-03-3109917385ns5:LandBuildings2024-03-3109917385ns5:PlantMachinery2024-03-3109917385ns5:LandBuildings2023-03-3109917385ns5:PlantMachinery2023-03-3109917385ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3109917385ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3109917385ns5:DeferredTaxation2023-03-3109917385ns5:DeferredTaxation2023-04-012024-03-3109917385ns5:DeferredTaxation2024-03-3109917385ns10:OrdinaryShareClass12024-03-3109917385ns5:RetainedEarningsAccumulatedLosses2023-03-3109917385ns5:RevaluationReserve2023-03-3109917385ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31099173851ns10:Director12023-03-31099173851ns10:Director12022-03-31099173851ns10:Director12023-04-012024-03-31099173851ns10:Director12022-04-012023-03-31099173851ns10:Director12024-03-31099173851ns10:Director12023-03-31
REGISTERED NUMBER: 09917385 (England and Wales)














Unaudited Financial Statements

For The Year Ended 31st March 2024

for

Luke Sterry Ltd

Luke Sterry Ltd (Registered number: 09917385)






Contents of the Financial Statements
For The Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Luke Sterry Ltd

Company Information
For The Year Ended 31st March 2024







DIRECTOR: L J Sterry





REGISTERED OFFICE: Westbrook House
Westbury on Severn
Gloucestershire
GL14 1LN





REGISTERED NUMBER: 09917385 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Luke Sterry Ltd (Registered number: 09917385)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 175,011 157,665

CURRENT ASSETS
Stocks 5 53,000 48,400
Debtors 6 126,666 125,302
Cash at bank 167,074 104,594
346,740 278,296
CREDITORS
Amounts falling due within one year 7 119,185 71,615
NET CURRENT ASSETS 227,555 206,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

402,566

364,346

CREDITORS
Amounts falling due after more than one
year

8

-

(3,500

)

PROVISIONS FOR LIABILITIES 9 (43,753 ) (29,956 )
NET ASSETS 358,813 330,890

CAPITAL AND RESERVES
Called up share capital 10 1 1
Revaluation reserve 11 56,354 56,354
Retained earnings 11 302,458 274,535
SHAREHOLDERS' FUNDS 358,813 330,890

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Luke Sterry Ltd (Registered number: 09917385)

Balance Sheet - continued
31st March 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 and authorised for issue by the director and authorised for issue on 3rd October 2024 and were signed by:





L J Sterry - Director


Luke Sterry Ltd (Registered number: 09917385)

Notes to the Financial Statements
For The Year Ended 31st March 2024

1. STATUTORY INFORMATION

Luke Sterry 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.

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 year 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 year 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 year was 1 (2023 - 1 ) .

Luke Sterry Ltd (Registered number: 09917385)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 17,698 284,800 302,498
Additions - 49,364 49,364
Disposals - (13,500 ) (13,500 )
At 31st March 2024 17,698 320,664 338,362
DEPRECIATION
At 1st April 2023 2,334 142,499 144,833
Charge for year 307 20,236 20,543
Eliminated on disposal - (2,025 ) (2,025 )
At 31st March 2024 2,641 160,710 163,351
NET BOOK VALUE
At 31st March 2024 15,057 159,954 175,011
At 31st March 2023 15,364 142,301 157,665

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 53,000 48,400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Directors' current accounts 32,270 30,087
VAT 4,036 -
Debtors & Prepayments 90,360 95,215
126,666 125,302

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 99,968 31,938
Tax 17,617 28,225
VAT - 9,929
Accrued expenses 1,600 1,523
119,185 71,615

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 3,500

Luke Sterry Ltd (Registered number: 09917385)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 43,753 29,956

Deferred
tax
£   
Balance at 1st April 2023 29,956
Provided during year 13,797
Balance at 31st March 2024 43,753

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1st April 2023 274,535 56,354 330,889
Profit for the year 67,745 67,745
Dividends (39,822 ) (39,822 )
At 31st March 2024 302,458 56,354 358,812

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

31.3.24 31.3.23
£    £   
L J Sterry
Balance outstanding at start of year 30,087 -
Amounts advanced 322,703 30,087
Amounts repaid (30,087 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 322,703 30,087

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Luke Sterry Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Luke Sterry Ltd for the year ended 31st March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Luke Sterry Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Luke Sterry Ltd and state those matters that we have agreed to state to the director of Luke Sterry Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Luke Sterry Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Luke Sterry Ltd. You consider that Luke Sterry Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Luke Sterry Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


3rd October 2024