Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-13falseoperation of ice cream parlour2024-01-116falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 15405622 2024-01-10 15405622 2024-01-11 2024-12-31 15405622 2022-01-12 2024-01-10 15405622 2024-12-31 15405622 c:Director1 2024-01-11 2024-12-31 15405622 d:Buildings d:LongLeaseholdAssets 2024-01-11 2024-12-31 15405622 d:Buildings d:LongLeaseholdAssets 2024-12-31 15405622 d:FurnitureFittings 2024-01-11 2024-12-31 15405622 d:FurnitureFittings 2024-12-31 15405622 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-11 2024-12-31 15405622 d:ComputerEquipment 2024-01-11 2024-12-31 15405622 d:ComputerEquipment 2024-12-31 15405622 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-11 2024-12-31 15405622 d:OwnedOrFreeholdAssets 2024-01-11 2024-12-31 15405622 d:CurrentFinancialInstruments 2024-12-31 15405622 d:Non-currentFinancialInstruments 2024-12-31 15405622 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 15405622 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 15405622 d:ShareCapital 2024-12-31 15405622 d:RetainedEarningsAccumulatedLosses 2024-12-31 15405622 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 15405622 d:TaxLossesCarry-forwardsDeferredTax 2024-12-31 15405622 c:OrdinaryShareClass1 2024-01-11 2024-12-31 15405622 c:OrdinaryShareClass1 2024-12-31 15405622 c:FRS102 2024-01-11 2024-12-31 15405622 c:AuditExempt-NoAccountantsReport 2024-01-11 2024-12-31 15405622 c:FullAccounts 2024-01-11 2024-12-31 15405622 c:PrivateLimitedCompanyLtd 2024-01-11 2024-12-31 15405622 d:WithinOneYear 2024-12-31 15405622 d:BetweenOneFiveYears 2024-12-31 15405622 d:MoreThanFiveYears 2024-12-31 15405622 e:PoundSterling 2024-01-11 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 15405622














LUCAFIRST LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

 
LUCAFIRST LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
LUCAFIRST LIMITED
REGISTERED NUMBER:15405622

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
101,531

 
Current assets
  

Stocks
  
10,918

Debtors: amounts falling due after more than one year
 5 
26,250

Debtors: amounts falling due within one year
 5 
22,155

Cash at bank and in hand
  
90,832

  
150,155

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(42,742)

Net current assets
  
 
 
107,413

Total assets less current liabilities
  
208,944

Creditors: amounts falling due after more than one year
 7 
(152,495)

Provisions for liabilities
  

Deferred tax
 8 
(14,181)

Net assets
  
42,268


Capital and reserves
  

Called up share capital 
 9 
100

Profit and loss account
  
42,168

  
42,268


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

Page 1

 
LUCAFIRST LIMITED
REGISTERED NUMBER:15405622
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 May 2025.




L Sereni
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
LUCAFIRST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Lucafirst Limited is a private limited company incorporated in England and Wales with its registered office address at 5 Elstree Gate, Elstree Way, Borehamwood, WD6 1JD.
The Company was incorporated on 11 January 2024 and commenced trading on the same date.
The principal activity of the Company is the operation of ice cream parlour.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Turnover

Turnover comprises revenue recognised by the Company in respect of goods supplied during the year, exclusive of Value Added Tax.
Revenue from the sale of products is recognised at the point of sale. 

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Borrowing costs

All borrowing costs are recognised in the Statement of Comprehensive Income in the period in which they are incurred.

Page 3

 
LUCAFIRST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.



 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvement
-
Over the term of the lease
Fixtures and fittings
-
20%
Straight line
Computer equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for out of date stocks.

Page 4

 
LUCAFIRST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at the transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including director, during the period was 6.


4.


Tangible fixed assets





Leasehold improvement
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost


Additions
52,624
60,001
1,506
114,131



At 31 December 2024

52,624
60,001
1,506
114,131



Depreciation


Charge for the period on owned assets
4,260
8,082
258
12,600



At 31 December 2024

4,260
8,082
258
12,600



Net book value



At 31 December 2024
48,364
51,919
1,248
101,531

Page 5

 
LUCAFIRST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

5.


Debtors

2024
£

Due after more than one year

Other debtors
26,250


2024
£

Due within one year

Trade debtors
6,536

Other debtors
2,000

Prepayments and accrued income
13,619

22,155



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
8,049

Taxation and social security
6,762

Other creditors
22,165

Accruals and deferred income
5,766

42,742



7.


Creditors: Amounts falling due after more than one year

2024
£

Other loans
152,495


Page 6

 
LUCAFIRST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

8.


Deferred taxation



2024


£



Charged to profit or loss
14,181



At end of year
14,181

The deferred taxation balance is made up as follows:

2024
£


Accelerated capital allowances
17,739

Tax losses carried forward
(3,558)

14,181


9.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1 each
100


On incorporation, 100 Ordinary shares of £1 were allotted and fully paid at par to provide initial capital.


10.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
£


Not later than 1 year
52,500

Later than 1 year and not later than 5 years
210,000

Later than 5 years
221,087

483,587

 
Page 7