Look Local Publications Limited

Look Local Publications Limited

LOOK LOCAL PUBLICATIONS LIMITED - Company Information

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Company Registration No. 04392758 (England and Wales)
Look Local Publications Limited Unaudited accounts for the year ended 31 March 2023
Look Local Publications Limited Unaudited accounts Contents
Page
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Look Local Publications Limited Company Information for the year ended 31 March 2023
Directors
Matthew Shaw Jane Shaw
Company Number
04392758 (England and Wales)
Registered Office
THE BARN OLDWICH LANE WEST CHADWICK END SOLIHULL WEST MIDLANDS B93 0BH
Accountants
Athena Accounting Services Ltd 1 Chester Court High Street, Knowle Solihull West Midlands B93 0LL
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Look Local Publications Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5
62,317 
65,798 
Investments
6
58,000 
58,000 
120,317 
123,798 
Current assets
Debtors
7
758 
225 
Cash at bank and in hand
194,444 
179,291 
195,202 
179,516 
Creditors: amounts falling due within one year
8
(45,386)
(56,988)
Net current assets
149,816 
122,528 
Total assets less current liabilities
270,133 
246,326 
Creditors: amounts falling due after more than one year
9
(41,821)
(41,821)
Provisions for liabilities
Deferred tax
- 
(5,391)
Net assets
228,312 
199,114 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
228,212 
199,014 
Shareholders' funds
228,312 
199,114 
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 26 July 2023 and were signed on its behalf by
Matthew Shaw Director Company Registration No. 04392758
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Look Local Publications Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Look Local Publications Limited is a private company, limited by shares, registered in England and Wales, registration number 04392758. The registered office is THE BARN OLDWICH LANE WEST, CHADWICK END, SOLIHULL, WEST MIDLANDS, B93 0BH.
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.
3
Accounting policies
These financial statements for the year ended 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
110,000 
At 31 March 2023
110,000 
Amortisation
At 1 April 2022
110,000 
At 31 March 2023
110,000 
Net book value
At 31 March 2023
- 
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Look Local Publications Limited Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
43,478 
159,922 
18,082 
24,619 
38,886 
284,987 
Additions
- 
- 
- 
12,199 
558 
12,757 
At 31 March 2023
43,478 
159,922 
18,082 
36,818 
39,444 
297,744 
Depreciation
At 1 April 2022
43,478 
108,995 
7,910 
21,095 
37,711 
219,189 
Charge for the year
- 
10,185 
2,543 
2,359 
1,151 
16,238 
At 31 March 2023
43,478 
119,180 
10,453 
23,454 
38,862 
235,427 
Net book value
At 31 March 2023
- 
40,742 
7,629 
13,364 
582 
62,317 
At 31 March 2022
- 
50,927 
10,172 
3,524 
1,175 
65,798 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2022
58,000 
Valuation at 31 March 2023
58,000 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
758 
225 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
17,671 
8,688 
Trade creditors
1,938 
24,771 
Taxes and social security
25,742 
20,432 
Loans from directors
35 
- 
Accruals
- 
3,097 
45,386 
56,988 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
41,821 
41,821 
10
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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