Company registration number 13176230 (England and Wales)
LOCAL TELECOM LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
LOCAL TELECOM LIMITED
COMPANY INFORMATION
Directors
Mr A Wilkinson
Mrs C L Fallon
Company number
13176230
Registered office
No 2 Silkwood Office Park
Fryers Way
Wakefield
West Yorkshire
WF5 9TJ
Accountants
Parsons Accountants Ltd
No 2 Silkwood Office Park
Fryers Way
Wakefield
WF5 9TJ
LOCAL TELECOM LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LOCAL TELECOM LIMITED FOR THE YEAR ENDED 28 FEBRUARY 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Local Telecom Limited for the year ended 28 February 2023, which comprise the balance sheet, from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Local Telecom Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Local Telecom Limited and state those matters that we have agreed to state to the board of directors of Local Telecom Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Local Telecom Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Local Telecom Limited has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that Local Telecom Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Local Telecom Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Parsons Accountants Ltd
28 November 2023
Chartered Accountants
No 2 Silkwood Office Park
Fryers Way
Wakefield
WF5 9TJ
LOCAL TELECOM LIMITED
BALANCE SHEET
AS AT 28 FEBRUARY 2023
28 February 2023
- 2 -
2023
2022
£
£
£
£
Fixed assets
1,170
-
0
Current assets
59,049
33,275
Creditors: amounts falling due within one year
(44,346)
(20,308)
Net current assets
14,703
12,967
Total assets less current liabilities
15,873
12,967
Net assets
15,873
12,967
Capital and reserves
15,873
12,967
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees

At 28 February 2023 the company owed £4,019 (2022 - £4,419) to directors. This amount is included within creditors falling due within one year.

2
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2023
2022
Number
Number
Employees
5
2
3
Related party transactions

At 28 February 2023 the company owed £12,400 (2022 - £0) to related companies. This amount is included within creditors falling due within one year.

Local Telecom Limited is a private company limited by shares incorporated in England and Wales. The registered office is No 2 Silkwood Office Park, Fryers Way, Wakefield, West Yorkshire, WF5 9TJ.

For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

LOCAL TELECOM LIMITED
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023
28 February 2023
- 3 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 November 2023 and are signed on its behalf by:
..............................................
Mr A Wilkinson
Company registration number 13176230 (England and Wales)
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