Registered number
15072633
Lark Arts Ltd
Filleted Accounts
31 August 2024
Lark Arts Ltd
Registered number: 15072633
Balance Sheet
as at 31 August 2024
Notes 2024
£
Current assets
Debtors 3 7,977
Cash at bank and in hand 6,502
14,479
Creditors: amounts falling due within one year 4 (12,637)
Net current assets 1,842
Net assets 1,842
Capital and reserves
Called up share capital 1
Profit and loss account 1,841
Shareholders' funds 1,842
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 G McDonald D J Collinson
Director Director
Approved by the board on 16 April 2025 Approved by the board on 16 April 2025
Lark Arts Ltd
Notes to the Accounts
for the period from 15 August 2023 to 31 August 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 includes revenue earned from the sale of goods and from the rendering of services. 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.
Going Concern
The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company’s ability to continue as a going concern for the period of at least 12 months from the date of approval of these financial statements.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Debtors 2024
£
Other debtors 7,977
4 Creditors: amounts falling due within one year 2024
£
Taxation and social security costs 432
Other creditors 12,205
12,637
5 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
G J McDonald
Directors loan account - 1,480 (632) 848
- 1,480 (632) 848
At the end of the year, there was an overdrawn directors loan account of £848. This was repaid within 9 months of the year end and no interest was charged on the loan.
6 Other information
Lark Arts Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 3a Kings Hall
St Ives Business Park
Parson Green
St Ives
PE27 4WY
Lark Arts Ltd 15072633 false 2023-08-15 2024-08-31 2024-08-31 VT Final Accounts April 2024 Mr G McDonald No description of principal activity 15072633 2023-08-15 2024-08-31 15072633 bus:PrivateLimitedCompanyLtd 2023-08-15 2024-08-31 15072633 bus:AuditExemptWithAccountantsReport 2023-08-15 2024-08-31 15072633 bus:Director40 2023-08-15 2024-08-31 15072633 1 2023-08-15 2024-08-31 15072633 2 2023-08-15 2024-08-31 15072633 bus:Director2 2023-08-15 2024-08-31 15072633 bus:Director2 1 2023-08-15 2024-08-31 15072633 countries:England 2023-08-15 2024-08-31 15072633 bus:FRS102 2023-08-15 2024-08-31 15072633 bus:FilletedAccounts 2023-08-15 2024-08-31 15072633 2024-08-31 15072633 core:WithinOneYear 2024-08-31 15072633 core:ShareCapital 2024-08-31 15072633 core:RetainedEarningsAccumulatedLosses 2024-08-31 15072633 2023-08-14 15072633 bus:Director2 1 2023-08-14 iso4217:GBP xbrli:pure