Registered Number:12271302 |
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 October 2023
Loqum Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Loqum Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
2,100
2,800
2
2,100
2,800
-
13,750
3
Trade and other receivables |
178
608
4
183,572
Cash and cash equivalents |
149,030
163,388
183,750
Trade and other payables: amounts falling due within one year |
(95,933)
(84,762)
5
87,817
78,626
Net current assets
Total assets less current liabilities |
80,726
90,617
Trade and other payables: amounts falling due after more than |
one year |
(43,333)
(33,333)
6
47,393
Net assets
47,284
1
1
47,392
47,283
47,393
47,284
Shareholders' funds
For the year ended 31 October 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 year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his 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. |
These financial statements were approved and authorised for issue by the Board on 07 March 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 October 2023
Loqum Ltd
Notes to the Financial Statements
Statutory Information
Loqum Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
12271302. |
North View House Front Street
Benton
Newcastle upon Tyne
NE7 7XE
The presentation currency is £ sterling. |
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. |
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
2. Property, plant and equipment |
3,500
3,500
Provision for depreciation and impairment |
700
Charge for year
700
1,400
2,100
2,800
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: |
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For the year ended 31 October 2023
Loqum Ltd
Notes to the Financial Statements Continued
2022
2023
13,750
-
4. Trade and other receivables |
2022
2023
608
178
5. Trade and other payables: amounts falling due within one year |
2022
2023
Taxation and social security |
84,314
95,359
448
574
84,762
95,933
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
33,333
43,333
7. Average number of persons employed |
During the year the average number of employees was 18 (2022 : 18)
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