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REGISTERED NUMBER: 11225746 (England and Wales)










Looksee Limited

Financial Statements

for the Year Ended 31 July 2024






Looksee Limited (Registered number: 11225746)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Looksee Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: M S Toor





REGISTERED OFFICE: The Oval, 57 New Walk
Leicester
Leicestershire
LE1 7EA





REGISTERED NUMBER: 11225746 (England and Wales)






Looksee Limited (Registered number: 11225746)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
Fixed assets
Tangible assets 4 48,491 15,529

Current assets
Stocks 31,274 24,785
Debtors 5 356,409 143,684
Cash at bank and in hand 168,536 388,405
556,219 556,874
Creditors
Amounts falling due within one year 6 119,309 156,041
Net current assets 436,910 400,833
Total assets less current liabilities 485,401 416,362

Capital and reserves
Called up share capital 100 100
Retained earnings 485,301 416,262
485,401 416,362

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2025 and were signed by:





M S Toor - Director


Looksee Limited (Registered number: 11225746)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. Statutory information

Looksee 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 20% on reducing balance
Fixtures and fittings - 33% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

No provision has been made in these accounts for Deferred tax as the amount is immaterial.

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.

Looksee Limited (Registered number: 11225746)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


2. Accounting policies - continued

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 11 (2023 - 12 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 August 2023 14,171 4,095 - 7,152 25,418
Additions - 798 37,000 - 37,798
At 31 July 2024 14,171 4,893 37,000 7,152 63,216
Depreciation
At 1 August 2023 4,076 1,141 - 4,672 9,889
Charge for year 2,019 721 308 1,788 4,836
At 31 July 2024 6,095 1,862 308 6,460 14,725
Net book value
At 31 July 2024 8,076 3,031 36,692 692 48,491
At 31 July 2023 10,095 2,954 - 2,480 15,529

5. Debtors: amounts falling due within one year
31.7.24 31.7.23
£    £   
Trade debtors 179,699 11,992
Other debtors 176,710 131,692
356,409 143,684

6. Creditors: amounts falling due within one year
31.7.24 31.7.23
£    £   
Trade creditors 94,873 128,710
Taxation and social security 18,051 20,609
Other creditors 6,385 6,722
119,309 156,041

Looksee Limited (Registered number: 11225746)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


7. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
Mrs K Kaur
Balance outstanding at start of year 99,889 (8,744 )
Amounts advanced 480,812 108,633
Amounts repaid (428,933 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 151,768 99,889

No provision has been made for tax on overdrawn loan as this will be fully repaid by 30 April 2025.

8. Related party disclosures

Dividends paid during the year amounted to £27,000 (2023-£71,500)

9. Ultimate controlling party

The ultimate controlling party is MS Toor & KK Toor.