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Company Registration No. 14139797 (England and Wales)
Loybekk Ltd Unaudited accounts for the period from 30 May 2022 to 31 May 2023
Loybekk Ltd Unaudited accounts Contents
Page
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Loybekk Ltd Company Information for the period from 30 May 2022 to 31 May 2023
Director
Mrs B Odemis
Company Number
14139797 (England and Wales)
Registered Office
214 Baker Street Enfield EN1 3JY England
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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Loybekk Ltd Statement of financial position as at 31 May 2023
2023 
Notes
£ 
Fixed assets
Intangible assets
31,500 
Tangible assets
84,400 
115,900 
Current assets
Inventories
18,250 
Debtors
13,144 
Cash at bank and in hand
5,834 
37,228 
Creditors: amounts falling due within one year
(63,918)
Net current liabilities
(26,690)
Net assets
89,210 
Capital and reserves
Called up share capital
100 
Profit and loss account
89,110 
Shareholders' funds
89,210 
For the period ending 31 May 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 director acknowledges her 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 and authorised for issue on 6 February 2024 and were signed on its behalf by
Mrs B Odemis Director Company Registration No. 14139797
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Loybekk Ltd Notes to the Accounts for the period from 30 May 2022 to 31 May 2023
1
Statutory information
Loybekk Ltd is a private company, limited by shares, registered in England and Wales, registration number 14139797. The registered office is 214 Baker Street, Enfield, EN1 3JY, 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and 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.
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:
Land & buildings
20 years - straight line
Plant & machinery
18% - reducing balance
Fixtures & fittings
18% - reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Loybekk Ltd Notes to the Accounts for the period from 30 May 2022 to 31 May 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 30 May 2022
- 
Additions
35,000 
At 31 May 2023
35,000 
Amortisation
At 30 May 2022
- 
Charge for the period
3,500 
At 31 May 2023
3,500 
Net book value
At 31 May 2023
31,500 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 30 May 2022
- 
- 
- 
- 
Additions
50,000 
30,000 
15,000 
95,000 
At 31 May 2023
50,000 
30,000 
15,000 
95,000 
Depreciation
Charge for the period
2,500 
5,400 
2,700 
10,600 
At 31 May 2023
2,500 
5,400 
2,700 
10,600 
Net book value
At 31 May 2023
47,500 
24,600 
12,300 
84,400 
6
Debtors
2023 
£ 
Amounts falling due within one year
Trade debtors
1,894 
Accrued income and prepayments
11,250 
13,144 
7
Creditors: amounts falling due within one year
2023 
£ 
VAT
22,624 
Trade creditors
1,747 
Taxes and social security
16,204 
Other creditors
165 
Accruals
23,178 
63,918 
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Loybekk Ltd Notes to the Accounts for the period from 30 May 2022 to 31 May 2023
8
Share capital
2023 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
Shares issued during the period:
100 Ordinary shares of £1 each
100 
9
Average number of employees
During the period the average number of employees was 5.
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