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REGISTERED NUMBER: 13924961 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

LOOPD SOFTWARE LTD

LOOPD SOFTWARE LTD (REGISTERED NUMBER: 13924961)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOOPD SOFTWARE LTD

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P Calver
S Hill
O Smart
A C Harrison





REGISTERED OFFICE: 2 Chalkhill House
19 Rosary Road
Norwich
Norfolk
NR1 1SZ





REGISTERED NUMBER: 13924961 (England and Wales)





ACCOUNTANTS: Diverset Limited
Chartered Accountants
Ferrari House
258 Field End Road
Ruislip
Middlesex
HA4 9UU

LOOPD SOFTWARE LTD (REGISTERED NUMBER: 13924961)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 300,000 300,000

CURRENT ASSETS
Debtors 5 35,801 39,838
Cash at bank and in hand 83,180 37,407
118,981 77,245
CREDITORS
Amounts falling due within one year 6 72,996 71,662
NET CURRENT ASSETS 45,985 5,583
TOTAL ASSETS LESS CURRENT LIABILITIES 345,985 305,583

CREDITORS
Amounts falling due after more than one
year

7

150,000

200,000
NET ASSETS 195,985 105,583

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 195,885 105,483
SHAREHOLDERS' FUNDS 195,985 105,583

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

LOOPD SOFTWARE LTD (REGISTERED NUMBER: 13924961)

Balance Sheet - continued
31 MARCH 2024


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 14 August 2024 and were signed on its behalf by:





S Hill - Director


LOOPD SOFTWARE LTD (REGISTERED NUMBER: 13924961)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Loopd Software Ltd 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.

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.

The directors have concluded that the company is and remains a going concern based the directors support and expected future income.

Preparation of consolidated financial statements
The financial statements contain information about Loopd Software Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 4 (2023 - 4 ) .

LOOPD SOFTWARE LTD (REGISTERED NUMBER: 13924961)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 300,000
NET BOOK VALUE
At 31 March 2024 300,000
At 31 March 2023 300,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

BOE Information Systems Ltd
Registered office: United Kingdom
Nature of business: Development and sale of software.
%
Class of shares: holding
Ordinary Shares 80.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 41,332 99,752
Profit for the year 176,921 327,707

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 35,801 39,838

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 61,146 63,646
Trade creditors 304 -
Taxation and social security 9,866 6,571
Other creditors 1,680 1,445
72,996 71,662

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 150,000 200,000

LOOPD SOFTWARE LTD (REGISTERED NUMBER: 13924961)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party, the company is owned equally between all four directors.