Registered number
10716470
Lucky Inn Takeaway Limited
Filleted Accounts
30 April 2024
Lucky Inn Takeaway Limited
Registered number: 10716470
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 251,356 -
Current assets
Stocks 350 350
Debtors 4 - 20,000
Cash at bank and in hand 15,165 7,193
15,515 27,543
Creditors: amounts falling due within one year 5 (22,179) (18,811)
Net current (liabilities)/assets (6,664) 8,732
Total assets less current liabilities 244,692 8,732
Creditors: amounts falling due after more than one year 6 (243,002) -
Net assets 1,690 8,732
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,689 8,731
Shareholder's funds 1,690 8,732
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 member has 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.
Mr Ping Long Lin
Director
Approved by the board on 27 January 2025
Lucky Inn Takeaway Limited
Notes to the Accounts
for the year ended 30 April 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated 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 follow:
Freehold building 2% on cost
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. No provision for deferred taxation is required.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 254,445
At 30 April 2024 254,445
Depreciation
Charge for the year 3,089
At 30 April 2024 3,089
Net book value
At 30 April 2024 251,356
4 Debtors 2024 2023
£ £
Other debtors - 20,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loan (secured) 10,000 -
Taxation and social security costs 10,499 7,131
Other creditors 1,680 11,680
22,179 18,811
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans (secured) 90,000 -
Director's loan 153,002 -
243,002 -
7 Other information
Lucky Inn Takeaway Limited is a private company limited by shares and incorporated in England. Its registered office is:
14 Adastral Square
Poole
England
BH17 8SA
8 Ultimate controlling party
The company is controlled by the sole director by virtue of his 100% shareholding in the issued
share capital of the company.
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