Registered number
13382155
Lookersnew Re-Gen . Co . Ltd
Filleted Accounts
31 May 2024
Lookersnew Re-Gen . Co . Ltd
Registered number: 13382155
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 274,167 280,137
Current assets
Debtors 4 1,447 3,877
Cash at bank and in hand 7,301 6,614
8,748 10,491
Creditors: amounts falling due within one year 5 (275) (275)
Net current assets 8,473 10,216
Total assets less current liabilities 282,640 290,353
Creditors: amounts falling due after more than one year 6 (311,240) (325,956)
Net liabilities (28,600) (35,603)
Capital and reserves
Called up share capital 1 1
Profit and loss account (28,601) (35,604)
Shareholders' funds (28,600) (35,603)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mark Looker
Director
Approved by the board on 11 November 2024
Lookersnew Re-Gen . Co . Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2023 285,027 1,080 286,107
At 31 May 2024 285,027 1,080 286,107
Depreciation
At 1 June 2023 5,700 270 5,970
Charge for the year 5,700 270 5,970
At 31 May 2024 11,400 540 11,940
Net book value
At 31 May 2024 273,627 540 274,167
At 31 May 2023 279,327 810 280,137
4 Debtors 2024 2023
£ £
Other debtors 1,447 3,877
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 275 275
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 311,240 325,956
7 Other information
Lookersnew Re-Gen . Co . Ltd is a private company limited by shares and incorporated in England. Its registered office is:
29 Kelly Road
Bowers Gifford
Basildon
SS13 2HL
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