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REGISTERED NUMBER: 04544464 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31st May 2023

for

Lofrix Associates Limited

Lofrix Associates Limited (Registered number: 04544464)

Contents of the Financial Statements
for the Year Ended 31st May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lofrix Associates Limited

Company Information
for the Year Ended 31st May 2023







Directors: B Strapps
P J Lewin
I Sibbick





Registered office: 10 Park Place
Manchester
M4 4EY





Registered number: 04544464 (England and Wales)





Accountants: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY

Lofrix Associates Limited (Registered number: 04544464)

Balance Sheet
31st May 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 6,143 2,924

Current assets
Debtors 5 56,972 56,935
Cash at bank 1,206 5,105
58,178 62,040
Creditors
Amounts falling due within one year 6 1,158,980 1,144,142
Net current liabilities (1,100,802 ) (1,082,102 )
Total assets less current liabilities (1,094,659 ) (1,079,178 )

Capital and reserves
Called up share capital 7 100 100
Retained earnings (1,094,759 ) (1,079,278 )
Shareholders' funds (1,094,659 ) (1,079,178 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd February 2024 and were signed on its behalf by:





B Strapps - Director


Lofrix Associates Limited (Registered number: 04544464)

Notes to the Financial Statements
for the Year Ended 31st May 2023


1. Statutory information

Lofrix Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 10% on reducing balance
Equipment - 25% on reducing balance

3. Employees and directors

The average number of employees during the year was NIL (2022 - NIL).

4. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Equipment Totals
£    £    £    £   
Cost
At 1st June 2022 568 1,788 3,673 6,029
Additions - - 5,032 5,032
At 31st May 2023 568 1,788 8,705 11,061
Depreciation
At 1st June 2022 550 615 1,940 3,105
Charge for year 5 117 1,691 1,813
At 31st May 2023 555 732 3,631 4,918
Net book value
At 31st May 2023 13 1,056 5,074 6,143
At 31st May 2022 18 1,173 1,733 2,924

Lofrix Associates Limited (Registered number: 04544464)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2023


5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 464 464
Other debtors 56,135 56,135
VAT 373 336
56,972 56,935

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Other loans 1,059,704 1,057,944
Directors' current accounts 98,476 85,398
Accrued expenses 800 800
1,158,980 1,144,142

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares £1 100 100