Company Registration No. 06414064 (England and Wales)
Loyalty Connections Ltd
Unaudited accounts
for the year ended 31 December 2022
Loyalty Connections Ltd
Unaudited accounts
Contents
Loyalty Connections Ltd
Company Information
for the year ended 31 December 2022
Directors
Stephen Gary Alliston
Kim Patricia Williams
Secretary
Kim Patricia Williams
Company Number
06414064 (England and Wales)
Registered Office
7 Old Crossing Road
Margate
Kent
CT9 5JQ
Loyalty Connections Ltd
Statement of financial position
as at 31 December 2022
Tangible assets
1,190,723
312,979
Cash at bank and in hand
740,534
45,143
Creditors: amounts falling due within one year
(803,212)
(145,206)
Net current assets
429,925
92,241
Total assets less current liabilities
1,620,648
405,220
Creditors: amounts falling due after more than one year
(415,597)
(150,900)
Provisions for liabilities
Net assets
1,205,051
249,898
Called up share capital
100
100
Profit and loss account
1,204,951
249,798
Shareholders' funds
1,205,051
249,898
For the year ending 31 December 2022 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 20 November 2023 and were signed on its behalf by
Stephen Gary Alliston
Director
Company Registration No. 06414064
Loyalty Connections Ltd
Notes to the Accounts
for the year ended 31 December 2022
Loyalty Connections Ltd is a private company, limited by shares, registered in England and Wales, registration number 06414064. The registered office is 7 Old Crossing Road, Margate, Kent, CT9 5JQ.
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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 year, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2022
5,585
1,027,211
28,016
8,561
1,069,373
Additions
92,542
1,312,727
10,595
18,897
1,434,761
At 31 December 2022
98,127
2,339,938
38,611
27,458
2,504,134
At 1 January 2022
2,523
743,853
7,004
3,014
756,394
Charge for the year
14,340
526,708
7,902
8,067
557,017
At 31 December 2022
16,863
1,270,561
14,906
11,081
1,313,411
At 31 December 2022
81,264
1,069,377
23,705
16,377
1,190,723
At 31 December 2021
3,062
283,358
21,012
5,547
312,979
Amounts falling due within one year
Trade debtors
231,188
103,172
Other debtors
6,419
26,327
Loyalty Connections Ltd
Notes to the Accounts
for the year ended 31 December 2022
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Creditors: amounts falling due within one year
2022
2021
Trade creditors
642,830
18,907
Taxes and social security
54,317
29,076
Other creditors
12,310
(1,691)
Loans from directors
92,505
98,164
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Creditors: amounts falling due after more than one year
2022
2021
Other creditors
355,435
107,790
Taxes and social security
28,042
-
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Average number of employees
During the year the average number of employees was 6 (2021: 6).