Loftworks (UK) Ltd

Loftworks (UK) Ltd

LOFTWORKS (UK) LTD - Company Information

Print Friendly Version

1 October 2016 false No description of principal activity Taxfiler 2018.5.Web 08711418business:PrivateLimitedCompanyLtd2016-10-012017-09-30 087114182016-09-30 087114182016-10-012017-09-30 08711418business:AuditExemptWithAccountantsReport2016-10-012017-09-30 08711418business:FullAccounts2016-10-012017-09-30 087114182017-09-30 08711418business:Director12016-10-012017-09-30 08711418business:RegisteredOffice2016-10-012017-09-30 087114182016-09-30 08711418core:WithinOneYear2017-09-30 08711418core:WithinOneYear2016-09-30 08711418core:ShareCapital2017-09-30 08711418core:ShareCapital2016-09-30 08711418core:RetainedEarningsAccumulatedLosses2017-09-30 08711418core:RetainedEarningsAccumulatedLosses2016-09-30 08711418business:SmallEntities2016-10-012017-09-30 08711418countries:EnglandWales2016-10-012017-09-30 08711418core:ComputerEquipment2016-10-012017-09-30 08711418core:ComputerEquipment2016-09-30 08711418core:ComputerEquipment2017-09-30 08711418business:OrdinaryShareClass12016-10-012017-09-30 08711418business:OrdinaryShareClass12015-10-012016-09-30 087114182015-10-012016-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08711418 (England and Wales)
Loftworks (UK) Ltd Unaudited accounts for the year ended 30 September 2017
Loftworks (UK) Ltd Unaudited accounts Contents
Page
- 2 -
Loftworks (UK) Ltd Company Information for the year ended 30 September 2017
Director
Mr M Trojanowski
Company Number
08711418 (England and Wales)
Registered Office
7-13 COTTON'S GARDENS LONDON E28DN ENGLAND
Accountants
Brian Pinder-Ayres Limited 202 Regency House 91 Western Road Brighton East Sussex BN1 2LB
- 3 -
Loftworks (UK) Ltd Statement of financial position as at 30 September 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
4,519 
7,841 
Current assets
Debtors
5
- 
6,480 
Cash at bank and in hand
13,293 
16,932 
13,293 
23,412 
Creditors: amounts falling due within one year
6
(6,421)
(7,128)
Net current assets
6,872 
16,284 
Net assets
11,391 
24,125 
Capital and reserves
Called up share capital
7
1 
1 
Profit and loss account
11,390 
24,124 
Shareholders' funds
11,391 
24,125 
For the year ending 30 September 2017 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.
Approved by the Board on 29 June 2018.
Mr M Trojanowski Director Company Registration No. 08711418
- 4 -
Loftworks (UK) Ltd Notes to the Accounts for the year ended 30 September 2017
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 7-13 COTTON'S GARDENS, LONDON, E28DN, ENGLAND.
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 30 September 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2015. 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.
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 2016
19,439 
Additions
2,346 
At 30 September 2017
21,785 
Depreciation
At 1 October 2016
11,598 
Charge for the year
5,668 
At 30 September 2017
17,266 
Net book value
At 30 September 2017
4,519 
At 30 September 2016
7,841 
- 5 -
Loftworks (UK) Ltd Notes to the Accounts for the year ended 30 September 2017
5
Debtors
2017 
2016 
£ 
£ 
Trade debtors
- 
6,480 
6
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Taxes and social security
3,550 
5,024 
Loans from directors
2,871 
2,104 
6,421 
7,128 
7
Share capital
2017 
2016 
£ 
£ 
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 0 (2016: 0).
- 6 -