L & K HOTELS LTD
Statement of financial position
as at 30 November 2023
Tangible assets
301,978
183,083
Cash at bank and in hand
48,235
207,455
Creditors: amounts falling due within one year
(229,611)
(225,039)
Net current assets
623,622
748,233
Total assets less current liabilities
925,600
931,316
Creditors: amounts falling due after more than one year
(308,333)
(333,333)
Net assets
617,267
597,983
Called up share capital
300
300
Profit and loss account
616,967
597,683
Shareholders' funds
617,267
597,983
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by
Yildirim Gunac Yaman
Director
Company Registration No. 09865616
L & K HOTELS LTD
Notes to the Accounts
for the year ended 30 November 2023
L & K HOTELS LTD is a private company, limited by shares, registered in England and Wales, registration number 09865616. The registered office is 475-477 High Road, Leyton, E10 5EL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
15% on written down value
Plant & machinery
25% on written down value
Fixtures & fittings
15% on written down value
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
L & K HOTELS LTD
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
233,169
32,821
-
265,990
Additions
-
-
175,081
175,081
At 30 November 2023
233,169
32,821
175,081
441,071
At 1 December 2022
74,702
8,205
-
82,907
Charge for the year
23,770
6,154
26,262
56,186
At 30 November 2023
98,472
14,359
26,262
139,093
At 30 November 2023
134,697
18,462
148,819
301,978
At 30 November 2022
158,467
24,616
-
183,083
Amounts falling due within one year
Trade debtors
755,161
755,161
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
100,000
100,000
Trade creditors
93,277
112,363
Taxes and social security
7,044
(8,534)
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
308,333
333,333
8
Average number of employees
During the year the average number of employees was 28 (2022: 27).