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REGISTERED NUMBER: 10896644 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Lastpick Limited

Lastpick Limited (Registered number: 10896644)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lastpick Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: K B Prince-Fraser





REGISTERED OFFICE: Office 10, Unit 1
465C Hornsey Road
Islington
London
N19 4DR





REGISTERED NUMBER: 10896644 (England and Wales)





ACCOUNTANTS: Goldhill Accountancy Ltd
Office 10, Unit 1
465C Hornsey Road
Islington
London
N19 4DR

Lastpick Limited (Registered number: 10896644)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,180 41

CURRENT ASSETS
Debtors 5 40,029 10,790
Cash at bank 2,671 450
42,700 11,240
CREDITORS
Amounts falling due within one year 6 61,523 26,560
NET CURRENT LIABILITIES (18,823 ) (15,320 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,643

)

(15,279

)

CREDITORS
Amounts falling due after more than one
year

7

(35,654

)

(40,420

)

PROVISIONS FOR LIABILITIES 9 (209 ) (8 )
NET LIABILITIES (53,506 ) (55,707 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 (53,606 ) (55,807 )
(53,506 ) (55,707 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Lastpick Limited (Registered number: 10896644)

Balance Sheet - continued
31 August 2024


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 30 May 2025 and were signed by:





K B Prince-Fraser - Director


Lastpick Limited (Registered number: 10896644)

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

1. STATUTORY INFORMATION

Lastpick 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.

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.

The directors consider the going concern basis to be appropriate as, in their opinion, the company will be able to secure sufficient funding to enable it to pay its debts as they fall due.
The financial statements have been prepared on the going concern basis on the assumption the company will continue to trade for the foreseeable future, even though it had net liabilities of £53,506 (2023: £55,707) as at the balance sheet date.

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 - 25% on reducing balance
Fixtures and fittings - 25% on cost
Computer equipment - 33% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Lastpick Limited (Registered number: 10896644)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 - - 83 83
Additions 249 125 1,000 1,374
At 31 August 2024 249 125 1,083 1,457
DEPRECIATION
At 1 September 2023 - - 42 42
Charge for year 26 3 206 235
At 31 August 2024 26 3 248 277
NET BOOK VALUE
At 31 August 2024 223 122 835 1,180
At 31 August 2023 - - 41 41

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 1,538 -
Directors' current accounts 38,491 10,790
40,029 10,790

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts (see note 8) 5,725 8,405
Other loans (see note 8) 439 -
Trade creditors 5,375 349
Tax 15,743 3,599
VAT 27,718 14,207
Other creditors 5,773 -
Accrued expenses 750 -
61,523 26,560

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans (see note 8) 35,386 40,420
Other loans (see note 8) 268 -
35,654 40,420

Lastpick Limited (Registered number: 10896644)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.8.24 31.8.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,333 16,260

8. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,725 8,405
Other loans 439 -
6,164 8,405

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,549 7,348
Other loans - 1-2 years 268 -
5,817 7,348

Amounts falling due between two and five years:
Bank loans - 2-5 years 17,504 16,812

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,333 16,260

9. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 209 8

Deferred
tax
£   
Balance at 1 September 2023 8
Provided during year 201
Balance at 31 August 2024 209

Lastpick Limited (Registered number: 10896644)

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

10. RESERVES
Retained
earnings
£   

At 1 September 2023 (55,807 )
Profit for the year 2,201
At 31 August 2024 (53,606 )

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.8.24 31.8.23
£    £   
K B Prince-Fraser
Balance outstanding at start of year 10,839 -
Amounts advanced 47,161 65,913
Amounts repaid (19,509 ) (55,074 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,491 10,839

The directors' current account balance of £38,491 (2023: £10,839) has no fixed date for repayment, is repayable upon demand and is non-interest bearing.