Loftworks (UK) Ltd

Loftworks (UK) Ltd

LOFTWORKS (UK) LTD - Company Information

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1 October 2022 false No description of principal activity Taxfiler 2024.3 08711418business:PrivateLimitedCompanyLtd2022-10-012023-09-30 087114182022-09-30 087114182022-10-012023-09-30 08711418business:AuditExemptWithAccountantsReport2022-10-012023-09-30 08711418business:FilletedAccounts2022-10-012023-09-30 087114182023-09-30 08711418business:Director12022-10-012023-09-30 08711418business:RegisteredOffice2022-10-012023-09-30 087114182022-09-30 08711418core:WithinOneYear2023-09-30 08711418core:WithinOneYear2022-09-30 08711418core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 08711418core:ShareCapitalcore:PreviouslyStatedAmount2022-09-30 08711418core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 08711418core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-09-30 08711418core:PreviouslyStatedAmount2023-09-30 08711418core:PreviouslyStatedAmount2022-09-30 08711418business:SmallEntities2022-10-012023-09-30 08711418countries:EnglandWales2022-10-012023-09-30 08711418core:ComputerEquipment2022-10-012023-09-30 08711418core:ComputerEquipment2022-09-30 08711418core:ComputerEquipment2023-09-30 08711418business:OrdinaryShareClass12022-10-012023-09-30 08711418business:OrdinaryShareClass12021-10-012022-09-30 087114182021-10-012022-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08711418 (England and Wales)
Loftworks (UK) Ltd Unaudited accounts for the year ended 30 September 2023
Loftworks (UK) Ltd Unaudited accounts Contents
Page
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Loftworks (UK) Ltd Company Information for the year ended 30 September 2023
Director
Mr M Trojanowski
Company Number
08711418 (England and Wales)
Registered Office
8 Sheperdess Place London N1 7LJ
Accountants
Brian Pinder-Ayres Limited 202 Regency House 91 Western Road Brighton East Sussex BN1 2LB
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Loftworks (UK) Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
7,179 
8,180 
Current assets
Debtors
5
30,860 
36,390 
Cash at bank and in hand
- 
35,688 
30,860 
72,078 
Creditors: amounts falling due within one year
6
(27,906)
(26,551)
Net current assets
2,954 
45,527 
Net assets
10,133 
53,707 
Capital and reserves
Called up share capital
7
1 
1 
Profit and loss account
10,132 
53,706 
Shareholders' funds
10,133 
53,707 
For the year ending 30 September 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 25 June 2024 and were signed on its behalf by
Mr M Trojanowski Director Company Registration No. 08711418
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Loftworks (UK) Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Loftworks (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 08711418. The registered office is 8 Sheperdess Place, London, N1 7LJ.
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
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.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Straight line basis over three years
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2022
51,552 
Additions
3,916 
At 30 September 2023
55,468 
Depreciation
At 1 October 2022
43,372 
Charge for the year
4,917 
At 30 September 2023
48,289 
Net book value
At 30 September 2023
7,179 
At 30 September 2022
8,180 
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Loftworks (UK) Ltd Notes to the Accounts for the year ended 30 September 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,860 
36,390 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
17,382 
- 
VAT
10,524 
11,581 
Taxes and social security
- 
14,410 
Loans from directors
- 
560 
27,906 
26,551 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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