Company registration number 12166697 (England and Wales)
LOOK UP &... LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
LOOK UP &... LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
LOOK UP &... LTD
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
632
1,673
Current assets
Debtors
5
1,988
4,411
Cash at bank and in hand
23,990
31,419
25,978
35,830
Creditors: amounts falling due within one year
6
(9,741)
(8,317)
Net current assets
16,237
27,513
Net assets
16,869
29,186
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
16,868
29,185
Total equity
16,869
29,186

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 17 April 2025
L Williams
Director
Company registration number 12166697 (England and Wales)
LOOK UP &... LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information

LOOK UP &... LTD is a private company limited by shares incorporated in England and Wales. The registered office is 18 Melbourne Grove, London, SE22 8RA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

LOOK UP &... LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

LOOK UP &... LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 and 31 August 2024
5,120
Depreciation and impairment
At 1 September 2023
3,447
Depreciation charged in the year
1,041
At 31 August 2024
4,488
Carrying amount
At 31 August 2024
632
At 31 August 2023
1,673
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,638
4,061
Other debtors
350
350
1,988
4,411
6
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
5,171
5,041
Other taxation and social security
1,825
1,735
Other creditors
1,331
1
Accruals and deferred income
1,414
1,540
9,741
8,317
LOOK UP &... LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of 0p each
1
1
1
1
8
Directors' transactions

Dividends totalling £33,300 were paid in the period in respect of shares held by the company's director.

The company operates an interest free loan with the director . At the beginning of the year £1 was owed to the Director . During the year aggregate advances of £31,970 were made to the Director in respect of expenses incurred by the company and in respect of a dividend of £33,300 . At the end of the period the Director was owed £1,331.

2024-08-312023-09-01false17 April 2025CCH SoftwareCCH Accounts Production 2024.100No description of principal activityL Williamsfalsefalse121666972023-09-012024-08-31121666972024-08-31121666972023-08-3112166697core:OtherPropertyPlantEquipment2024-08-3112166697core:OtherPropertyPlantEquipment2023-08-3112166697core:CurrentFinancialInstrumentscore:WithinOneYear2024-08-3112166697core:CurrentFinancialInstrumentscore:WithinOneYear2023-08-3112166697core:CurrentFinancialInstruments2024-08-3112166697core:CurrentFinancialInstruments2023-08-3112166697core:ShareCapital2024-08-3112166697core:ShareCapital2023-08-3112166697core:RetainedEarningsAccumulatedLosses2024-08-3112166697core:RetainedEarningsAccumulatedLosses2023-08-3112166697bus:Director12023-09-012024-08-3112166697core:ComputerEquipment2023-09-012024-08-31121666972022-09-012023-08-3112166697core:OtherPropertyPlantEquipment2023-08-3112166697core:OtherPropertyPlantEquipment2023-09-012024-08-3112166697core:WithinOneYear2024-08-3112166697core:WithinOneYear2023-08-3112166697bus:PrivateLimitedCompanyLtd2023-09-012024-08-3112166697bus:SmallCompaniesRegimeForAccounts2023-09-012024-08-3112166697bus:FRS1022023-09-012024-08-3112166697bus:AuditExemptWithAccountantsReport2023-09-012024-08-3112166697bus:FullAccounts2023-09-012024-08-31xbrli:purexbrli:sharesiso4217:GBP