29 01/10/2023 30/09/2024 2024-09-30 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-10-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 12209940 2023-10-01 2024-09-30 12209940 2024-09-30 12209940 2023-09-30 12209940 2022-10-01 2023-09-30 12209940 2023-09-30 12209940 2022-09-30 12209940 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 12209940 bus:Director1 2023-10-01 2024-09-30 12209940 core:LandBuildings core:ShortLeaseholdAssets 2023-09-30 12209940 core:FurnitureFittingsToolsEquipment 2023-09-30 12209940 core:LandBuildings core:ShortLeaseholdAssets 2024-09-30 12209940 core:FurnitureFittingsToolsEquipment 2024-09-30 12209940 core:AfterOneYear 2024-09-30 12209940 core:AfterOneYear 2023-09-30 12209940 core:WithinOneYear 2024-09-30 12209940 core:WithinOneYear 2023-09-30 12209940 core:ShareCapital 2024-09-30 12209940 core:ShareCapital 2023-09-30 12209940 core:RetainedEarningsAccumulatedLosses 2024-09-30 12209940 core:RetainedEarningsAccumulatedLosses 2023-09-30 12209940 core:LandBuildings core:ShortLeaseholdAssets 2023-09-30 12209940 core:FurnitureFittingsToolsEquipment 2023-09-30 12209940 bus:SmallEntities 2023-10-01 2024-09-30 12209940 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12209940 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12209940 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12209940 bus:FullAccounts 2023-10-01 2024-09-30
Company registration number: 12209940
Lula's Crab Shack Ltd
Unaudited filleted financial statements
30 September 2024
Lula's Crab Shack Ltd
Contents
Statement of financial position
Notes to the financial statements
Lula's Crab Shack Ltd
Statement of financial position
30 September 2024

|  |  | 2024 |  |  |  | 2023 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 5 | 134,820 |  |  |  | 141,293 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 134,820 |  |  |  | 141,293
Current assets |  |  |  |  |  |  |  |  |
Stocks |  |  | 7,000 |  |  |  | 7,000 |  |
Debtors |  | 6 | 261,702 |  |  |  | 276,307 |  |
Cash at bank and in hand |  |  | 72,475 |  |  |  | 59,663 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 341,177 |  |  |  | 342,970 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 7 | ( 358,935) |  |  |  | ( 336,678) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current (liabilities)/assets |  |  |  |  | ( 17,758) |  |  |  | 6,292
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 117,062 |  |  |  | 147,585
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 8 |  |  | ( 15,612) |  |  |  | ( 66,843)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 101,450 |  |  |  | 80,742
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 1 |  |  |  | 1
Profit and loss account |  |  |  |  | 101,449 |  |  |  | 80,741
|  |  |  |  | _______ |  |  |  | _______
Shareholder funds |  |  |  |  | 101,450 |  |  |  | 80,742
|  |  |  |  | _______ |  |  |  | _______

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 October 2025 , and are signed on behalf of the board by:
S Sheffield
Director
Company registration number: 12209940
Lula's Crab Shack Ltd
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 1 Godrevy Towans, Gwithian, Hayle, TR27 5ED.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland.The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis that assumes the continued support of the company's creditors.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fittings fixtures and equipment | - | 20 % | reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 29 (2023: 16 ).
5. Tangible assets

|  | Short leasehold property | Fixtures, fittings and equipment | Total |  |  |  |
|  | £ | £ | £ |  |  |  |
| Cost |  |  |  |  |  |  |
| At 1 October 2023 | 66,053 | 140,022 | 206,075 |  |  |  |
| Additions | - | 10,719 | 10,719 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| At 30 September 2024 | 66,053 | 150,741 | 216,794 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 October 2023 | - | 64,782 | 64,782 |  |  |  |
| Charge for the year | - | 17,192 | 17,192 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| At 30 September 2024 | - | 81,974 | 81,974 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 30 September 2024 | 66,053 | 68,767 | 134,820 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |
| At 30 September 2023 | 66,053 | 75,240 | 141,293 |  |  |  |
|  | _______ | _______ | _______ |  |  |  |

6. Debtors

|  |  | 2024 | 2023
|  |  | £ | £
| Other debtors |  | 261,702 | 276,307
|  |  | _______ | _______

7. Creditors: amounts falling due within one year

|  |  | 2024 | 2023
|  |  | £ | £
| Trade creditors |  | 177,612 | 145,950
| Corporation tax |  | 13,878 | 26,626
| Social security and other taxes |  | 50,333 | 34,097
| Other creditors |  | 117,112 | 130,005
|  |  | _______ | _______
|  |  | 358,935 | 336,678
|  |  | _______ | _______

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

|  |  | 2024 | 2023
|  |  | £ | £
| Bank loans and overdrafts |  | 15,612 | 15,168
| Other creditors |  | - | 51,675
|  |  | _______ | _______
|  |  | 15,612 | 66,843
|  |  | _______ | _______