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Company Registration No. 13241466 (England and Wales)
Looming Tech Ltd Unaudited accounts for the year ended 31 March 2023
Looming Tech Ltd Unaudited accounts Contents
Page
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Looming Tech Ltd Company Information for the year ended 31 March 2023
Directors
David Bone Stefan Minchev
Company Number
13241466 (England and Wales)
Registered Office
71-75 Shelton Street London Greater London WC2H 9JQ United Kingdom
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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Looming Tech Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
13,686 
7,769 
Cash at bank and in hand
3,944 
5,768 
17,630 
13,537 
Creditors: amounts falling due within one year
(21,689)
(19,095)
Net current liabilities
(4,059)
(5,558)
Net liabilities
(4,059)
(5,558)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(4,061)
(5,560)
Shareholders' funds
(4,059)
(5,558)
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. 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 27 November 2023 and were signed on its behalf by
David Bone Director Company Registration No. 13241466
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Looming Tech Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Looming Tech Ltd is a private company, limited by shares, registered in England and Wales, registration number 13241466. The registered office is 71-75 Shelton Street, London, Greater London, WC2H 9JQ, United Kingdom.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,686 
7,769 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
15,871 
12,697 
Taxes and social security
3,832 
3,474 
Other creditors
- 
2,542 
Loans from directors
1,986 
382 
21,689 
19,095 
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Looming Tech Ltd Notes to the Accounts for the year ended 31 March 2023
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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