LOKES HOUSE LTD - Filleted accounts

LOKES HOUSE LTD
Registered number:		09964061
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		59,298			56,169

Current assets
Stocks		63,244			25,147
Debtors	4	25,000			25,678
Cash at bank and in hand		19,597			17,148
		107,841			67,973

Creditors: amounts falling due within one year	5	(44,075)			(43,302)

Net current assets			63,766			24,671

Total assets less current liabilities			123,064			80,840

Creditors: amounts falling due after more than one year	6		(79,202)			(44,304)



Net assets			43,862			36,536

Capital and reserves
Called up share capital			1			1
Profit and loss account			43,861			36,535

Shareholders' funds			43,862			36,536

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M Reich
Director
Approved by the board on 21 October 2025

LOKES HOUSE LTD
Notes to the Accounts
for the year ended 31 January 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings	over the lease term
	Plant and machinery	25% Reducing Balance
	Fixtures, fittings, tools and equipment	25% Reducing Balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			31		24


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 February 2024	23,711		100,388		124,099
	Additions	-		15,883		15,883
	Disposals	-		(8,900)		(8,900)
	At 31 January 2025	23,711		107,371		131,082

	Depreciation
	At 1 February 2024	-		67,930		67,930
	Charge for the year	-		11,863		11,863
	On disposals	-		(8,009)		(8,009)
	At 31 January 2025	-		71,784		71,784

	Net book value
	At 31 January 2025	23,711		35,587		59,298
	At 31 January 2024	23,711		32,458		56,169


4	Debtors			2025		2024
£					£

	Trade debtors			-		678
	Rent Deposit			25,000		25,000
				25,000		25,678


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			1,974		1,860
	Corporation tax			775		101
	Other taxes and social security costs			10,137		10,152
	Other creditors			31,189		31,189
				44,075		43,302


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Directors Loan Account			79,202		44,304


7	Other information

	LOKES HOUSE LTD is a private company limited by shares and incorporated in England. Its registered office is:
	43 Park Parade
	London
	NW10 4JD