LO_MONACO_LTD - Accounts

The company made a loan of £14,140 (2020: £1,650) to two directors. The interest of £95 (2020: £Nil) was charged on the loan at an effective rate of 2.46%. The loan was fully repaid at the year end.

The average number of persons, including directors, employed by the company during the year was as follows:

Lo Monaco Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 6, 18 King Street, Honiton, Devon, EX14 1AF.

For the year ended 31 May 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.