Company Registration No. 12037421 (England and Wales)
Lucky Designs Ltd
Unaudited accounts
for the year ended 30 June 2023
Lucky Designs Ltd
Unaudited accounts
Contents
Lucky Designs Ltd
Company Information
for the year ended 30 June 2023
Director
Mr Alastair Papworth
Company Number
12037421 (England and Wales)
Registered Office
PHEASANTS CRY CHURCH ROAD
COLATON RALEIGH
SIDMOUTH
DEVON
EX10 0LH
UNITED KINGDOM
Accountants
Brambillow Accounting Ltd
Brookhouse
Cranoe Road
Welham
Leicestershire
LE16 7UH
Lucky Designs Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
1,230
1,853
Cash at bank and in hand
16,804
693
Creditors: amounts falling due within one year
(4,188)
(953)
Net current assets/(liabilities)
12,616
(260)
Total assets less current liabilities
13,846
1,593
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
13,512
1,209
Shareholders' funds
13,612
1,309
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 March 2024 and were signed on its behalf by
Mr Alastair Papworth
Director
Company Registration No. 12037421
Lucky Designs Ltd
Notes to the Accounts
for the year ended 30 June 2023
Lucky Designs Ltd is a private company, limited by shares, registered in England and Wales, registration number 12037421. The registered office is PHEASANTS CRY CHURCH ROAD, COLATON RALEIGH, SIDMOUTH, DEVON, EX10 0LH, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line
Computer equipment
25% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Lucky Designs Ltd
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2022
489
2,858
3,347
At 30 June 2023
489
3,097
3,586
At 1 July 2022
161
1,333
1,494
Charge for the year
98
764
862
At 30 June 2023
259
2,097
2,356
At 30 June 2023
230
1,000
1,230
At 30 June 2022
328
1,525
1,853
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,923
-
Loans from directors
713
401
6
Transactions with related parties
Included within creditors is an amount of £713 (2022: £401) which is owed by the Company to the Director. Interest is not due on this amount, and there is no fixed date for repayment.
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).