LOTUS POINT LIMITED

Company Registration Number:
06840874 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

LOTUS POINT LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

LOTUS POINT LIMITED

Company Information

for the Period Ended 31 July 2024




Director: A Pitsillides
Registered office: 91
Poplar Road
Smethwick
West Midlands
B66 4AW
Company Registration Number: 06840874 (England and Wales)

LOTUS POINT LIMITED

Directors' Report Period Ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal Activities

The company's principal activity during the year continued to be retail sales of food products.

Directors

The directors shown below have held office during the whole of the period from 01 August 2023 to 31 July 2024
A Pitsillides

This report was approved by the board of directors on 22 April 2025
And Signed On Behalf Of The Board By:

Name: A Pitsillides
Status: Director

LOTUS POINT LIMITED

Profit and Loss Account

for the Period Ended 31 July 2024


Notes

2024
£

2023
£
Turnover 18,837 10,359
Cost of sales ( 8,856 ) ( 5,730 )
Gross Profit or (Loss) 9,981 4,629
Administrative Expenses ( 11,598 ) ( 11,581 )
Other operating income - 1,059
Operating Profit or (Loss) ( 1,617 ) ( 5,893 )
Profit or (Loss) Before Tax ( 1,617 ) ( 5,893 )
Profit or (Loss) for Period ( 1,617 ) ( 5,893 )

The notes form part of these financial statements

LOTUS POINT LIMITED

Balance sheet

As at 31 July 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 3,131 2,489
Total fixed assets: 3,131 2,489
Current assets
Stocks: 835 290
Cash at bank and in hand: 16,035 3,228
Total current assets: 16,870 3,518
Creditors: amounts falling due within one year: 5 ( 12,144 ) ( 1,179 )
Net current assets (liabilities): 4,726 2,339
Total assets less current liabilities: 7,857 4,828
Creditors: amounts falling due after more than one year: 6 ( 6,646 ) ( 2,000 )
Total net assets (liabilities): 1,211 2,828

The notes form part of these financial statements

LOTUS POINT LIMITED

Balance sheet continued

As at 31 July 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,111 2,728
Shareholders funds: 1,211 2,828

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 22 April 2025
And Signed On Behalf Of The Board By:

Name: A Pitsillides
Status: Director

The notes form part of these financial statements

LOTUS POINT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

LOTUS POINT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

LOTUS POINT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 3. Off balance sheet disclosure

    No

LOTUS POINT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Tangible assets

Office equipment Total
Cost £ £
At 01 August 2023 8,589 8,589
Additions 1,425 1,425
Disposals - -
Revaluations - -
Transfers - -
At 31 July 2024 10,014 10,014
Depreciation
At 01 August 2023 6,100 6,100
Charge for year 783 783
On disposals - -
Other adjustments - -
At 31 July 2024 6,883 6,883
Net book value
At 31 July 2024 3,131 3,131
At 31 July 2023 2,489 2,489

LOTUS POINT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 1,000 179
Other creditors 11,144 1,000
Total 12,144 1,179

LOTUS POINT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

6.Creditors: amounts falling due after more than one year


2024
£

2023
£
Other creditors 6,646 2,000
Total 6,646 2,000