IRIS Accounts Production v24.1.9.2 08059110 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false Ordinary 1.00000 Ordinary 'A' 1.00000 Ordinary 'B' 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080591102023-05-31080591102024-05-31080591102023-06-012024-05-31080591102022-05-31080591102022-06-012023-05-31080591102023-05-3108059110ns15:EnglandWales2023-06-012024-05-3108059110ns14:PoundSterling2023-06-012024-05-3108059110ns10:Director12023-06-012024-05-3108059110ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3108059110ns10:SmallEntities2023-06-012024-05-3108059110ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3108059110ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3108059110ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3108059110ns10:FullAccounts2023-06-012024-05-3108059110ns10:OrdinaryShareClass12023-06-012024-05-3108059110ns10:OrdinaryShareClass22023-06-012024-05-3108059110ns10:OrdinaryShareClass32023-06-012024-05-3108059110ns10:OrdinaryShareClass42023-06-012024-05-3108059110ns10:Director22023-06-012024-05-3108059110ns10:RegisteredOffice2023-06-012024-05-3108059110ns5:CurrentFinancialInstruments2024-05-3108059110ns5:CurrentFinancialInstruments2023-05-3108059110ns5:ShareCapital2024-05-3108059110ns5:ShareCapital2023-05-3108059110ns5:RetainedEarningsAccumulatedLosses2024-05-3108059110ns5:RetainedEarningsAccumulatedLosses2023-05-3108059110ns5:ComputerEquipment2023-06-012024-05-3108059110ns5:PlantMachinery2023-05-3108059110ns5:PlantMachinery2023-06-012024-05-3108059110ns5:PlantMachinery2024-05-3108059110ns5:PlantMachinery2023-05-3108059110ns10:OrdinaryShareClass12024-05-3108059110ns10:OrdinaryShareClass22024-05-3108059110ns10:OrdinaryShareClass32024-05-3108059110ns10:OrdinaryShareClass42024-05-3108059110ns5:RetainedEarningsAccumulatedLosses2023-05-3108059110ns5:RetainedEarningsAccumulatedLosses2023-06-012024-05-31
REGISTERED NUMBER: 08059110 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

LOSA GLOBAL SERVICES LIMITED

LOSA GLOBAL SERVICES LIMITED (REGISTERED NUMBER: 08059110)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LOSA GLOBAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: H A Webbon
Mrs A J Webbon



REGISTERED OFFICE: 1&2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX



REGISTERED NUMBER: 08059110 (England and Wales)



ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX



BANKERS: National Westminster Bank Plc
Coventry City Branch
24 Broadgate
Coventry
CV1 1ZZ

LOSA GLOBAL SERVICES LIMITED (REGISTERED NUMBER: 08059110)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,294 5,509

CURRENT ASSETS
Cash at bank 125,286 79,137

CREDITORS
Amounts falling due within one year 5 47,047 37,326
NET CURRENT ASSETS 78,239 41,811
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,533

47,320

PROVISIONS FOR LIABILITIES 1,323 1,047
NET ASSETS 82,210 46,273

CAPITAL AND RESERVES
Called up share capital 6 301 301
Retained earnings 7 81,909 45,972
SHAREHOLDERS' FUNDS 82,210 46,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2024 and were signed on its behalf by:




H A Webbon - Director


LOSA GLOBAL SERVICES LIMITED (REGISTERED NUMBER: 08059110)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Losa Global Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of vat and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of Services
When the outcome of a transaction can be estimated reliably, turnover from aviation consultancy is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the intial contracts entered into plus any additional work needed for completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

LOSA GLOBAL SERVICES LIMITED (REGISTERED NUMBER: 08059110)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 27,918
Additions 1,549
At 31 May 2024 29,467
DEPRECIATION
At 1 June 2023 22,409
Charge for year 1,764
At 31 May 2024 24,173
NET BOOK VALUE
At 31 May 2024 5,294
At 31 May 2023 5,509

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,171 46
Taxation and social security 10,556 9,506
Other creditors 26,320 27,774
47,047 37,326

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100
100 Ordinary 'A' £1 100 100
100 Ordinary 'B' £1 100 100
1 Ordinary C £1 1 1
301 301

7. RESERVES
Retained
earnings
£   

At 1 June 2023 45,972
Profit for the year 42,937
Dividends (7,000 )
At 31 May 2024 81,909