2022-08-01 11447741 2023-07-31 11447741 2022-08-01 2023-07-31 11447741 2022-07-31 11447741 2021-08-01 2022-07-31 11447741 uk-core:WithinOneYear 2022-07-31 11447741 uk-core:WithinOneYear 2023-07-31 11447741 uk-core:ShareCapital 2023-07-31 11447741 uk-core:ShareCapital 2022-07-31 11447741 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 11447741 uk-core:RetainedEarningsAccumulatedLosses 2022-07-31 11447741 uk-bus:Director1 2022-08-01 2023-07-31 11447741 uk-bus:Director2 2022-08-01 2023-07-31 11447741 uk-core:OfficeEquipment 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure 11447741 uk-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 11447741 uk-bus:FRS102 2022-08-01 2023-07-31 11447741 uk-bus:FilletedAccounts 2022-08-01 2023-07-31 11447741 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31
Loop Consultants Ltd
Registered Number:11447741
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2023
Loop Consultants Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
11447741
As at 31 July 2023
Loop Consultants Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
652
1,247
2
652
1,247
Current assets
Trade and other receivables
900
46
3
23,533
Cash and cash equivalents
18,077
18,123
24,433
Trade and other payables: amounts falling due within one
year
(17,216)
(23,244)
4
7,217
(5,121)
Net current liabilities
Total assets less current liabilities
(4,469)
8,464
(54)
(152)
Provisions for liabilities
(4,523)
Net assets/liabilities
8,312
Capital and reserves
Called up share capital
2
2
Retained earnings
(4,525)
8,310
(4,523)
8,312
Shareholders' funds
For the year ended 31 July 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 July 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.
J Pool Director
N Carey Director
These financial statements were approved and authorised for issue by the Board on 24 April 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 July 2023
Loop Consultants Ltd
Notes to the Financial Statements
Statutory Information
Loop Consultants Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 11447741.
Registered address:
117 Ashmore Road
London
W9 3DA
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 as fees receivable, excluding value added tax.
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:
25% Straight line
Office Equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Going Concern
At 31 July 2023, the company had net current liabilities of £4,469 and net liabilities of £4,523. The directors have
considered the availability of working capital at 31 July 2023 together with the continued support from the company's
shareholders and is of the opinion that this will be sufficient to enable the company to continue operating for at least
the 12 months from the date of signing these accounts, and pay its debts as they fall due. The directors have
therefore concluded that the accounts should be prepared on a going concern basis
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5
For the year ended 31 July 2023
Loop Consultants Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Office
Equipment
£
Cost or
valuation
At 01 August 2022
3,714
At 31 July 2023
3,714
Provision for depreciation and impairment
At 01 August 2022
2,467
Charge for year
595
At 31 July 2023
3,062
At 31 July 2023
Net book value
652
At 31 July 2022
1,247
3. Trade and other receivables
2022
2023
£
£
Trade debtors
-
900
Other debtors
46
-
900
46
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
11,129
14,993
Other creditors
12,115
2,223
23,244
17,216
5. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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