1 false false false false false false false false false true false false false false false true No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 5,331 3,165 1,777 4,942 389 2,166 xbrli:pure xbrli:shares iso4217:GBP 12508975 2022-04-01 2023-03-31 12508975 2023-03-31 12508975 2022-03-31 12508975 2022-03-31 12508975 bus:Director1 2022-04-01 2023-03-31 12508975 core:WithinOneYear 2023-03-31 12508975 core:WithinOneYear 2022-03-31 12508975 core:ShareCapital 2023-03-31 12508975 core:ShareCapital 2022-03-31 12508975 core:RetainedEarningsAccumulatedLosses 2023-03-31 12508975 core:RetainedEarningsAccumulatedLosses 2022-03-31 12508975 bus:SmallEntities 2022-04-01 2023-03-31 12508975 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 12508975 bus:FullAccounts 2022-04-01 2023-03-31 12508975 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 12508975 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12508975 core:ComputerEquipment 2023-03-31 12508975 core:ComputerEquipment 2022-03-31 12508975 core:ComputerEquipment 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 12508975
LOYAL CAPITAL LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 March 2023
LOYAL CAPITAL LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2023
2023
2022
Note
£
£
£
FIXED ASSETS
Tangible assets
5
389
2,166
CURRENT ASSETS
Debtors
6
937
1,665
Cash at bank and in hand
3,340
108
-------
-------
4,277
1,773
CREDITORS: amounts falling due within one year
7
( 2,631)
( 3,779)
-------
-------
NET CURRENT ASSETS/(LIABILITIES)
1,646
( 2,006)
-------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
2,035
160
-------
----
NET ASSETS
2,035
160
-------
----
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
1,935
60
-------
----
SHAREHOLDERS FUNDS
2,035
160
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
LOYAL CAPITAL LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 4 October 2023 , and are signed on behalf of the board by:
M Pugachev
Director
Company registration number: 12508975
LOYAL CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Palladium House, 1-4 Argyll Street, W1F 7LD, United Kingdom.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the end of the accounting period. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
3 years
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2022: Nil).
5. TANGIBLE ASSETS
Equipment
£
Cost
At 1 April 2022 and 31 March 2023
5,331
-------
Depreciation
At 1 April 2022
3,165
Charge for the year
1,777
-------
At 31 March 2023
4,942
-------
Carrying amount
At 31 March 2023
389
-------
At 31 March 2022
2,166
-------
6. DEBTORS
2023
2022
£
£
Other debtors
937
1,665
----
-------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Corporation tax
1,431
2,579
Other creditors
1,200
1,200
-------
-------
2,631
3,779
-------
-------