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Company Registration No. 5735102 (England and Wales)
Luongo Limited Unaudited accounts for the year ended 30 June 2024
Luongo Limited Unaudited accounts Contents
Page
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Luongo Limited Company Information for the year ended 30 June 2024
Director
Mr D Luongo
Company Number
5735102 (England and Wales)
Registered Office
Suite 2, Riverside Court Castle Street Barnstaple Devon EX31 1DR
Accountants
JD Accountants (South West) Ltd Suite 2, Riverside Court Castle Street Barnstaple Devon EX31 1DR
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Luongo Limited Accountants' report
Accountants' report to the director of Luongo Limited on the preparation of the unaudited statutory accounts for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Luongo Limited for the year ended 30 June 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Luongo Limited, as a body, in accordance with the terms of our engagement letter dated 6 August 2018. Our work has been undertaken solely to prepare for your approval the accounts of Luongo Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Luongo Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Luongo Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Luongo Limited. You consider that Luongo Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Luongo Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
JD Accountants (South West) Ltd Suite 2, Riverside Court Castle Street Barnstaple Devon EX31 1DR 30 September 2024
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Luongo Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,056 
1,320 
Current assets
Inventories
85 
75 
Debtors
2,320 
- 
Cash at bank and in hand
2,695 
5,499 
5,100 
5,574 
Creditors: amounts falling due within one year
(6,154)
(6,700)
Net current liabilities
(1,054)
(1,126)
Net assets
2 
194 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
- 
192 
Shareholders' funds
2 
194 
For the year ending 30 June 2024 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2024 and were signed on its behalf by
Mr D Luongo Director Company Registration No. 5735102
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Luongo Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Luongo Limited is a private company, limited by shares, registered in England and Wales, registration number 5735102. The registered office is Suite 2, Riverside Court, Castle Street, Barnstaple, Devon, EX31 1DR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2023
20,000 
At 30 June 2024
20,000 
Amortisation
At 1 July 2023
20,000 
At 30 June 2024
20,000 
Net book value
At 30 June 2024
- 
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Luongo Limited Notes to the Accounts for the year ended 30 June 2024
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2023
2,271 
At 30 June 2024
2,271 
Depreciation
At 1 July 2023
951 
Charge for the year
264 
At 30 June 2024
1,215 
Net book value
At 30 June 2024
1,056 
At 30 June 2023
1,320 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
2,320 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
4,664 
5,549 
Loans from directors
- 
107 
Accruals
1,490 
1,044 
6,154 
6,700 
8
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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