REGISTERED NUMBER: 04957472 (England and Wales)

LOKATE PROMOTIONS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Sullivan

K Sullivan

SECRETARY:

K Sullivan

REGISTERED OFFICE:

Tattersall House

East Parade

Harrogate

North Yorkshire

HG1 5LT

REGISTERED NUMBER:

04957472 (England and Wales)

ACCOUNTANTS:

DSC

Chartered Accountants

Tattersall House

East Parade

Harrogate

North Yorkshire

HG1 5LT

FIXED ASSETS

Intangible assets

4

3,125

9,375

Tangible assets

5

64,590

88,396

67,715

97,771

CURRENT ASSETS

Stocks

877,239

630,539

Debtors

6

340,360

256,535

Cash at bank

82,852

32,785

1,300,451

919,859

CREDITORS

Amounts falling due within one year

7

841,760

511,877

NET CURRENT ASSETS

458,691

407,982

TOTAL ASSETS LESS CURRENT LIABILITIES

526,406

505,753

CREDITORS

Amounts falling due after more than one year

8

(127,096

)

(65,262

)

PROVISIONS FOR LIABILITIES

(16,700

)

(19,900

)

NET ASSETS

382,610

420,591

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

382,608

420,589

SHAREHOLDERS' FUNDS

382,610

420,591

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 23 June 2026 and were signed on its behalf by:

A Sullivan - Director

1.	STATUTORY INFORMATION

Lokate Promotions Ltd 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 2006, is being amortised evenly over its estimated useful life of twenty 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.

Freehold property

-

2% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

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 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

125,000

AMORTISATION

At 1 November 2024

115,625

Charge for year

6,250

At 31 October 2025

121,875

NET BOOK VALUE

At 31 October 2025

3,125

At 31 October 2024

9,375

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 November 2024

and 31 October 2025

12,125

33,649

67,306

DEPRECIATION

At 1 November 2024

3,395

21,320

64,040

Charge for year

243

6,729

816

At 31 October 2025

3,638

28,049

64,856

NET BOOK VALUE

At 31 October 2025

8,487

5,600

2,450

At 31 October 2024

8,730

12,329

3,266

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2024

and 31 October 2025

111,810

15,398

240,288

DEPRECIATION

At 1 November 2024

50,263

12,874

151,892

Charge for year

15,387

631

23,806

At 31 October 2025

65,650

13,505

175,698

NET BOOK VALUE

At 31 October 2025

46,160

1,893

64,590

At 31 October 2024

61,547

2,524

88,396

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

110,376

54,575

Other debtors

12,888

12,230

Directors' current accounts

27,366

-

Prepayments and accrued income

189,730

189,730

340,360

256,535

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,834

10,000

Other loans

36,057

57,227

Hire purchase contracts

63,653

36,108

Trade creditors

100,662

214,848

Corporation tax

35,080

14,484

Social security and other taxes

1,587

1,576

VAT

68,608

5,506

Other creditors

13,862

36,584

Directors' current accounts

-

24,293

Accrued expenses

516,417

111,251

841,760

511,877

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

5,834

Other loans

85,940

-

Hire purchase contracts

41,156

59,428

127,096

65,262

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

£

A Sullivan and K Sullivan

Balance outstanding at start of year

(24,294

)

(45,602

)

Amounts advanced

241,852

146,932

Amounts repaid

(190,192

)

(125,624

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

27,366

(24,294

)