Company Registration No. SC587197 (Scotland)
LOOFCA INTERNATIONAL LIMITED
Unaudited accounts
for the period from 1 October 2019 to 30 November 2020
LOOFCA INTERNATIONAL LIMITED
Unaudited accounts
Contents
LOOFCA INTERNATIONAL LIMITED
Company Information
for the period from 1 October 2019 to 30 November 2020
Directors
Mr Olukunle OGUNSOLA
Mr Olufemi Adedotun OLUKOYA
Company Number
SC587197 (Scotland)
Registered Office
33 2-3
DALINTOBER STREET
GLASGOW
G5 8JZ
SCOTLAND
Accountants
Avid Accountants Ltd
116 Elderslie Street
Glasgow
G3 7AW
LOOFCA INTERNATIONAL LIMITED
Statement of financial position
as at 30 November 2020
Investments
202,111
59,111
Cash at bank and in hand
2,880
6,351
Creditors: amounts falling due within one year
(43,277)
-
Net current (liabilities)/assets
(40,397)
7,339
Called up share capital
435
55
Capital contribution reserve
219,000
115,500
Profit and loss account
(57,721)
(49,105)
Shareholders' funds
161,714
66,450
For the period ending 30 November 2020 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 12 March 2021 and were signed on its behalf by
Mr Olukunle OGUNSOLA
Director
Company Registration No. SC587197
LOOFCA INTERNATIONAL LIMITED
Notes to the Accounts
for the period from 1 October 2019 to 30 November 2020
LOOFCA INTERNATIONAL LIMITED is a private company, limited by shares, registered in Scotland, registration number SC587197. The registered office is 33 2-3, DALINTOBER STREET, GLASGOW, G5 8JZ, SCOTLAND.
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 period, 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.
4
Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 October 2019
44,111
15,000
59,111
Additions
143,000
-
143,000
Valuation at 30 November 2020
187,111
15,000
202,111
Accrued income and prepayments
-
988
6
Creditors: amounts falling due within one year
2020
2019
Loans from directors
26,130
-
7
Average number of employees
During the period the average number of employees was 0 (2019: 0).
