REGISTERED NUMBER: 10821645 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

SMOKING LOBSTER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms G A King

Mrs A King

G G Giancovich

REGISTERED OFFICE:

Esplanade

Ventnor

Isle of Wight

PO38 1JT

REGISTERED NUMBER:

10821645 (England and Wales)

ACCOUNTANTS:

Harrison Black Limited

East Quay

Kite Hill

Wootton Bridge

Isle of Wight

PO33 4LA

FIXED ASSETS

Intangible assets

4

26,500

42,100

Tangible assets

5

58,644

68,863

85,144

110,963

CURRENT ASSETS

Stocks

12,240

12,000

Debtors

6

309,729

295,264

Cash in hand

4,163

1,000

326,132

308,264

CREDITORS

Amounts falling due within one year

7

347,986

390,545

NET CURRENT LIABILITIES

(21,854

)

(82,281

)

TOTAL ASSETS LESS CURRENT LIABILITIES

63,290

28,682

CREDITORS

Amounts falling due after more than one year

8

(4,117

)

(14,116

)

PROVISIONS FOR LIABILITIES

(12,067

)

(12,067

)

NET ASSETS

47,106

2,499

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

47,006

2,399

SHAREHOLDERS' FUNDS

47,106

2,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th October 2025 and were signed on its behalf by:

G G Giancovich - Director

Mrs A King - Director

1.	STATUTORY INFORMATION

Smoking Lobster 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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.

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 etc

-

20% 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 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 NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st February 2024

and 31st January 2025

98,000

AMORTISATION

At 1st February 2024

55,900

Charge for year

15,600

At 31st January 2025

71,500

NET BOOK VALUE

At 31st January 2025

26,500

At 31st January 2024

42,100

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st February 2024

22,191

136,029

158,220

Additions

-

5,407

5,407

At 31st January 2025

22,191

141,436

163,627

DEPRECIATION

At 1st February 2024

5,732

83,625

89,357

Charge for year

2,219

13,407

15,626

At 31st January 2025

7,951

97,032

104,983

NET BOOK VALUE

At 31st January 2025

14,240

44,404

58,644

At 31st January 2024

16,459

52,404

68,863

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

309,729

295,264

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

16,511

16,831

Trade creditors

11,790

19,728

Taxation and social security

4,400

-

Other creditors

315,285

353,986

347,986

390,545

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

4,117

14,116

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31st January 2025 and the period ended 31st January 2024:

2025

2024

£

£

G G Giancovich

Balance outstanding at start of year

(1

)

(787

)

Amounts advanced

-

6,994

Amounts repaid

-

(6,208

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(1

)

10.	RELATED PARTY DISCLOSURES

At the year end, the following amounts were owed to/from the following:

Smoking Lobster Kitchen Limited due from - director has significant influence - £24,829 (2024 - £14,153)

Drunken Lobster Limited due from - director has significant influence - £284,931 (2024 - £263,909)

Lobster HR Limited due to - director has significant influence - £148,010 (2024 - £144,558)

Smoking Lobster Production Limited due to - director has significant influence - £3,321 (2024 - £800)

The transactions are all included at market rate.