REGISTERED NUMBER: 03511212 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LUCKY DIP (NOTTINGHAM) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Ward

REGISTERED OFFICE:

2 Manor Farm Court,

Old Wolverton Road,

Old Wolverton

Milton Keynes

Buckinghamshire

MK12 5NN

REGISTERED NUMBER:

03511212 (England and Wales)

ACCOUNTANTS:

Ad Valorem Accountancy Services Limited

Chartered Certified Accountants

2 Manor Farm Court

Old Wolverton Road

Old Wolverton

Buckinghamshire

MK12 5NN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

51,775

79,270

51,775

79,270

CURRENT ASSETS

Stocks

120,210

211,710

Debtors

6

213,243

462,446

Cash at bank

11,858

12,970

345,311

687,126

CREDITORS

Amounts falling due within one year

7

296,903

380,767

NET CURRENT ASSETS

48,408

306,359

TOTAL ASSETS LESS CURRENT LIABILITIES

100,183

385,629

CREDITORS

Amounts falling due after more than one year

8

(43,506

)

(132,617

)

PROVISIONS FOR LIABILITIES

(401

)

(15,061

)

NET ASSETS

56,276

237,951

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

56,176

237,851

SHAREHOLDERS' FUNDS

56,276

237,951

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

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

The financial statements were approved by the director and authorised for issue on 14 May 2025 and were signed by:

R Ward - Director

1.	STATUTORY INFORMATION

Lucky Dip (Nottingham) 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 represents the value excluding Value added tax, of confectionary and sweet treats supplied to customers during the year. All income is taken to profit and loss at the same time as the right to receive consideration has been acquired.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property

-

at varying rates on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on reducing balance

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 Statement of Income and Retained Earnings, 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.

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 12 (2023 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Patents and

licences

£

COST

At 1 January 2024

and 31 December 2024

675

AMORTISATION

At 1 January 2024

and 31 December 2024

675

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Improvements

Plant and

and

to property

machinery

fittings

£

£

£

COST

At 1 January 2024

118,667

14,051

135,863

Disposals

(18,500

)

-

-

At 31 December 2024

100,167

14,051

135,863

DEPRECIATION

At 1 January 2024

89,738

11,848

113,487

Charge for year

630

551

3,357

Eliminated on disposal

(2,636

)

-

-

At 31 December 2024

87,732

12,399

116,844

NET BOOK VALUE

At 31 December 2024

12,435

1,652

19,019

At 31 December 2023

28,929

2,203

22,376

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

32,995

54,767

356,343

Disposals

-

-

(18,500

)

At 31 December 2024

32,995

54,767

337,843

DEPRECIATION

At 1 January 2024

15,381

46,619

277,073

Charge for year

4,404

2,689

11,631

Eliminated on disposal

-

-

(2,636

)

At 31 December 2024

19,785

49,308

286,068

NET BOOK VALUE

At 31 December 2024

13,210

5,459

51,775

At 31 December 2023

17,614

8,148

79,270

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

197,123

288,102

Other debtors

16,120

174,344

213,243

462,446

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

6,583

6,136

Trade creditors

24,163

138,882

Taxation and social security

68,033

74,694

Other creditors

198,124

161,055

296,903

380,767

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

11,314

17,939

Other creditors

32,192

114,678

43,506

132,617

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

1

100

100