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REGISTERED NUMBER: 14923263 (England and Wales)
















Unaudited Financial Statements

for the Period 8 June 2023 to 31 March 2024

for

Look Space Limited

Look Space Limited (Registered number: 14923263)






Contents of the Financial Statements
for the Period 8 June 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Look Space Limited

Company Information
for the Period 8 June 2023 to 31 March 2024







DIRECTOR: A J Mellor





REGISTERED OFFICE: C/o Venture Engineering Group Limited
Unit 10 Compton Business Park
Thrush Road
Poole
BH12 4FJ





REGISTERED NUMBER: 14923263 (England and Wales)





ACCOUNTANTS: Roches
Chartered Accountants
1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH

Look Space Limited (Registered number: 14923263)

Balance Sheet
31 March 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 244,635

CURRENT ASSETS
Debtors 5 96,511
Cash at bank 9,057
105,568
CREDITORS
Amounts falling due within one year 6 508,931
NET CURRENT LIABILITIES (403,363 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(158,728

)

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (158,828 )
SHAREHOLDERS' FUNDS (158,728 )

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 December 2024 and were signed by:





A J Mellor - Director


Look Space Limited (Registered number: 14923263)

Notes to the Financial Statements
for the Period 8 June 2023 to 31 March 2024

1. STATUTORY INFORMATION

Look Space 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.

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 - 10% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Look Space Limited (Registered number: 14923263)

Notes to the Financial Statements - continued
for the Period 8 June 2023 to 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 14,146 244,203 258,349
At 31 March 2024 14,146 244,203 258,349
DEPRECIATION
Charge for period 1,063 12,651 13,714
At 31 March 2024 1,063 12,651 13,714
NET BOOK VALUE
At 31 March 2024 13,083 231,552 244,635

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 6,103
Other debtors 90,408
96,511

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 45,957
Other creditors 462,974
508,931

7. OTHER FINANCIAL COMMITMENTS

As at the year end, the company had obligations totalling £508,750 under non-cancellable operating leases.