Lupini Ltd Company accounts

Lupini Ltd Company accounts

LUPINI LTD - Company Information

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COMPANY REGISTRATION NUMBER: 09976177
LUPINI LTD
UNAUDITED FINANCIAL STATEMENTS
31 March 2022
LUPINI LTD
FINANCIAL STATEMENTS
PERIOD FROM 1 JANUARY 2021 TO 31 MARCH 2022
CONTENTS
PAGE
Director's report
1
Statement of income and retained earnings
2
Statement of financial position
3
Notes to the financial statements
4
LUPINI LTD
DIRECTOR'S REPORT
PERIOD FROM 1 JANUARY 2021 TO 31 MARCH 2022
The director presents his report and the unaudited financial statements of the company for the period ended 31 March 2022 .
DIRECTOR
The director who served the company during the period was as follows:
Mr P Hall
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 30 January 2023 and signed on behalf of the board by:
Mr P Hall
Director
Registered office:
New Burlington House
1075 Finchley Road
London
NW11 0PU
LUPINI LTD
STATEMENT OF INCOME AND RETAINED EARNINGS
PERIOD FROM 1 JANUARY 2021 TO 31 MARCH 2022
Period from
1 Jan 21 to
Year to
31 Mar 22
31 Dec 20
Note
£
£
TURNOVER
54,091
63,119
---------
---------
GROSS PROFIT
54,091
63,119
Administrative expenses
( 1,200)
( 999)
---------
---------
OPERATING PROFIT
52,891
62,120
---------
---------
PROFIT BEFORE TAXATION
52,891
62,120
Tax on profit
( 10,170)
( 11,803)
---------
---------
PROFIT FOR THE FINANCIAL PERIOD AND TOTAL COMPREHENSIVE INCOME
42,721
50,317
---------
---------
All the activities of the company are from continuing operations.
LUPINI LTD
STATEMENT OF FINANCIAL POSITION
31 March 2022
31 Mar 22
31 Dec 20
Note
£
£
£
£
CURRENT ASSETS
Debtors
5
–
30,736
Cash at bank and in hand
35,472
4,975
---------
---------
35,472
35,711
CREDITORS: amounts falling due within one year
6
( 20,043)
( 13,003)
---------
---------
NET CURRENT ASSETS
15,429
22,708
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
15,429
22,708
---------
---------
NET ASSETS
15,429
22,708
---------
---------
CAPITAL AND RESERVES
Called up share capital
1,000
1,000
Profit and loss account
14,429
21,708
---------
---------
SHAREHOLDER FUNDS
15,429
22,708
---------
---------
These financial statements have been prepared 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'.
For the period ending 31 March 2022 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 period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 January 2023 , and are signed on behalf of the board by:
Mr P Hall
Director
Company registration number: 09976177
LUPINI LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 JANUARY 2021 TO 31 MARCH 2022
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
In these financial statements, the company is considered to be a qualifying entity (for the purposes of this FRS) and has applied the exemptions available under Section 1A of FRS102 in respect of the following disclosures: - Reconciliation of the number of shares outstanding from the beginning to the end of the period; - Cash Flow Statement and related notes; - Key Management Personnel compensation; and - Basic and Other Financial Instruments.
Judgements and key sources of estimation uncertainty
The preparation of financial statements in conformity with the provisions of FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company’s accounting policies.
Revenue recognition
The turnover shown in the Income Statement represents amounts of service charges invoiced during the period. Costs of Sales The costs of sales are recognised in the Statement of Income Statement in the year in which they are incurred.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 1 (2020: 1 ).
5. DEBTORS
31 Mar 22
31 Dec 20
£
£
Other debtors
–
30,736
----
---------
6. CREDITORS: amounts falling due within one year
31 Mar 22
31 Dec 20
£
£
Corporation tax
10,170
11,803
Other creditors
9,873
1,200
---------
---------
20,043
13,003
---------
---------