Company Registration No. 10938072 (England and Wales)
LOYALTY CLEAN LIMITED
Unaudited accounts
for the year ended 31 August 2023
LOYALTY CLEAN LIMITED
Unaudited accounts
Contents
LOYALTY CLEAN LIMITED
Company Information
for the year ended 31 August 2023
Company Number
10938072 (England and Wales)
Registered Office
15 BURTON ROAD
POLYGON
SOUTHAMPTON
HAMPSHIRE
SO15 2HZ
ENGLAND
Accountants
TBT Accountancy Ltd
Hursley Campus
Hursley Park Road
Hursley
Winchester
Hampshire
SO21 2JN
LOYALTY CLEAN LIMITED
Statement of financial position
as at 31 August 2023
Tangible assets
2,628
1,825
Cash at bank and in hand
87,450
102,175
Creditors: amounts falling due within one year
(20,449)
(47,190)
Net current assets
83,031
67,163
Total assets less current liabilities
85,659
68,988
Creditors: amounts falling due after more than one year
(8,946)
(13,333)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
76,114
55,555
Shareholders' funds
76,214
55,655
For the year ending 31 August 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 21 March 2024 and were signed on its behalf by
Ms A Hussain
Director
Company Registration No. 10938072
LOYALTY CLEAN LIMITED
Notes to the Accounts
for the year ended 31 August 2023
LOYALTY CLEAN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10938072. The registered office is 15 BURTON ROAD, POLYGON, SOUTHAMPTON, HAMPSHIRE, SO15 2HZ, 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.
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.
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:
Plant & machinery
25% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
25% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
LOYALTY CLEAN LIMITED
Notes to the Accounts
for the year ended 31 August 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
624
1,308
3,706
5,638
Additions
524
-
1,102
1,626
At 31 August 2023
1,148
1,308
4,808
7,264
At 1 September 2022
363
917
2,533
3,813
Charge for the year
139
391
293
823
At 31 August 2023
502
1,308
2,826
4,636
At 31 August 2023
646
-
1,982
2,628
At 31 August 2022
261
391
1,173
1,825
Amounts falling due within one year
Trade debtors
13,525
11,873
Accrued income and prepayments
1,002
305
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,000
4,000
Taxes and social security
6,855
9,354
Loans from directors
1,060
29,044
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
LOYALTY CLEAN LIMITED
Notes to the Accounts
for the year ended 31 August 2023
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).