Company Registration No. SC452725 (Scotland)
The Loud Noise Trading Company Limited
Unaudited accounts
for the year ended 30 June 2023
The Loud Noise Trading Company Limited
Unaudited accounts
Contents
The Loud Noise Trading Company Limited
Company Information
for the year ended 30 June 2023
Directors
Sean Hugh Doyle
Daniel McKellar
Company Number
SC452725 (Scotland)
Registered Office
19 BLAIR STREET
EDINBURGH
EH1 1QR
Accountants
Oak Team Associates Limited
272 Bath Street
Glasgow
G2 4JR
The Loud Noise Trading Company Limited
Statement of financial position
as at 30 June 2023
Tangible assets
1,773
2,659
Cash at bank and in hand
29
2,610
Creditors: amounts falling due within one year
(32,875)
(48,450)
Net current liabilities
(32,846)
(45,840)
Net liabilities
(31,073)
(43,181)
Called up share capital
1
1
Profit and loss account
(31,074)
(43,182)
Shareholders' funds
(31,073)
(43,181)
For the year ending 30 June 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 8 February 2024 and were signed on its behalf by
Sean Hugh Doyle
Director
Company Registration No. SC452725
The Loud Noise Trading Company Limited
Notes to the Accounts
for the year ended 30 June 2023
The Loud Noise Trading Company Limited is a private company, limited by shares, registered in Scotland, registration number SC452725. The registered office is 19 BLAIR STREET, EDINBURGH, EH1 1QR.
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.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Fixtures & fittings
20% on a straight line basis
4
Tangible fixed assets
Fixtures & fittings
In the period the company acquired one ordinary £1 share in Ash Leisure Limited. At the accounting date this represented 33.3% of the issued share capital in that company. Dividends of £4,000 were received from Ash Leisure Limited in the period.
The Loud Noise Trading Company Limited
Notes to the Accounts
for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023
2022
Other creditors
32,875
30,250
Loans from directors
-
18,200
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).