REGISTERED NUMBER: |
Looe Chandlery Limited |
Report of the Directors and |
Unaudited Financial Statements |
for the Year Ended 31st October 2024 |
REGISTERED NUMBER: |
Looe Chandlery Limited |
Report of the Directors and |
Unaudited Financial Statements |
for the Year Ended 31st October 2024 |
Looe Chandlery Limited (Registered number: 07127152) |
Contents of the Financial Statements |
for the Year Ended 31st October 2024 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Statement of Financial Position | 3 |
Notes to the Financial Statements | 5 |
Looe Chandlery Limited |
Company Information |
for the Year Ended 31st October 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
48 Arwenack Street |
Falmouth |
Cornwall |
TR11 3JH |
Looe Chandlery Limited (Registered number: 07127152) |
Report of the Directors |
for the Year Ended 31st October 2024 |
The directors present their report with the financial statements of the company for the year ended 31st October 2024. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of the operation of a retail chandlery outlet. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1st November 2023 to the date of this report. |
Other changes in directors holding office are as follows: |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
Looe Chandlery Limited (Registered number: 07127152) |
Statement of Financial Position |
31st October 2024 |
31.10.24 | 31.10.23 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
Looe Chandlery Limited (Registered number: 07127152) |
Statement of Financial Position - continued |
31st October 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Looe Chandlery Limited (Registered number: 07127152) |
Notes to the Financial Statements |
for the Year Ended 31st October 2024 |
1. | STATUTORY INFORMATION |
Looe Chandlery Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, was |
amortised evenly over its estimated useful life of ten years. This was fully amortised in the year ended 31st October 2020. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Looe Chandlery Limited (Registered number: 07127152) |
Notes to the Financial Statements - continued |
for the Year Ended 31st October 2024 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1st November 2023 |
and 31st October 2024 |
AMORTISATION |
At 1st November 2023 |
and 31st October 2024 |
NET BOOK VALUE |
At 31st October 2024 |
At 31st October 2023 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1st November 2023 |
and 31st October 2024 |
DEPRECIATION |
At 1st November 2023 |
Charge for year |
At 31st October 2024 |
NET BOOK VALUE |
At 31st October 2024 |
At 31st October 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.24 | 31.10.23 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.24 | 31.10.23 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |