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Loco Toro Ltd
Registered Number:14304015
For the period ended 31 August 2023
England and Wales
Unaudited Financial Statements
2
For the period ended 31 August 2023
Loco Toro Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
14304015
As at 31 August 2023
Loco Toro Ltd
Statement of Financial Position
£
2023
Notes
Fixed assets
Property, plant and equipment
4,157
2
4,157
Current assets
Trade and other receivables
3,258
3
Cash and cash equivalents
78
3,336
Trade and other payables: amounts falling due within one
year
(1,509)
4
1,827
Net current assets
Total assets less current liabilities
5,984
5,984
Net assets/liabilities
Capital and reserves
Called up share capital
2
Retained earnings
5,982
5,984
Shareholders' funds
For the period ended 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 of its financial statements for the period ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Michal Kowalski Director
These financial statements were approved and authorised for issue by the Board on 17 April 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the period ended 31 August 2023
Loco Toro Ltd
Notes to the Financial Statements
Statutory Information
Loco Toro Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
14304015.
Registered address:
45 Barry Road
Southampton
SO19 5LQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20 % Straight line
25 % Straight line
Motor Vehicles
2. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
£
£
£
Cost or
valuation
4,701
4,000
701
Additions
At 31 August 2023
701
4,000
4,701
Provision for depreciation and impairment
Charge for period
544
500
44
At 31 August 2023
544
500
44
At 31 August 2023
Net book value
657
3,500
4,157
2 of 3
5
For the period ended 31 August 2023
Loco Toro Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
£
Trade debtors
3,258
4. Trade and other payables: amounts falling due within one year
2023
£
Taxation and social security
1,508
Other creditors
1
1,509
5. Average number of persons employed
During the year the average number of employees was 1
3 of 3