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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
Page
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LOYALTY CLEAN LIMITED Company Information for the year ended 31 August 2023
Director
Ms A Hussain
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
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LOYALTY CLEAN LIMITED Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,628 
1,825 
Current assets
Debtors
16,030 
12,178 
Cash at bank and in hand
87,450 
102,175 
103,480 
114,353 
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
Deferred tax
(499)
- 
Net assets
76,214 
55,655 
Capital and reserves
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
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LOYALTY CLEAN LIMITED Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
3
Accounting policies
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.
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.
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 taxation
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.
Financial instruments
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.
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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 
Depreciation
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 
Net book value
At 31 August 2023
646 
- 
1,982 
2,628 
At 31 August 2022
261 
391 
1,173 
1,825 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,525 
11,873 
Accrued income and prepayments
1,002 
305 
Other debtors
1,503 
- 
16,030 
12,178 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,000 
4,000 
VAT
3,235 
3,727 
Trade creditors
- 
17 
Taxes and social security
6,855 
9,354 
Loans from directors
1,060 
29,044 
Accruals
5,299 
1,048 
20,449 
47,190 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
8,946 
13,333 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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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).
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