IRIS Accounts Production v24.2.0.383 06376121 director 1.1.23 31.12.23 31.12.23 0 0 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh063761212022-12-31063761212023-12-31063761212023-01-012023-12-31063761212021-12-31063761212022-01-012022-12-31063761212022-12-3106376121ns15:EnglandWales2023-01-012023-12-3106376121ns14:PoundSterling2023-01-012023-12-3106376121ns10:Director12023-01-012023-12-3106376121ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106376121ns10:SmallEntities2023-01-012023-12-3106376121ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106376121ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106376121ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106376121ns10:FullAccounts2023-01-012023-12-3106376121ns10:OrdinaryShareClass12023-01-012023-12-3106376121ns10:OrdinaryShareClass22023-01-012023-12-3106376121ns10:CompanySecretary12023-01-012023-12-3106376121ns10:RegisteredOffice2023-01-012023-12-3106376121ns5:CurrentFinancialInstruments2023-12-3106376121ns5:CurrentFinancialInstruments2022-12-3106376121ns5:Non-currentFinancialInstruments2023-12-3106376121ns5:Non-currentFinancialInstruments2022-12-3106376121ns5:ShareCapital2023-12-3106376121ns5:ShareCapital2022-12-3106376121ns5:RetainedEarningsAccumulatedLosses2023-12-3106376121ns5:RetainedEarningsAccumulatedLosses2022-12-3106376121ns5:MotorVehicles2023-01-012023-12-3106376121ns5:MotorVehicles2022-12-3106376121ns5:MotorVehicles2023-12-3106376121ns5:MotorVehicles2022-12-3106376121ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3106376121ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3106376121ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-12-3106376121ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2022-12-3106376121ns10:OrdinaryShareClass12023-12-3106376121ns10:OrdinaryShareClass22023-12-3106376121ns5:RetainedEarningsAccumulatedLosses2022-12-3106376121ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 06376121 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Louion Limited

Louion Limited (Registered number: 06376121)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Louion Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: P J Funge





SECRETARY: Peter Hodgson & Co





REGISTERED OFFICE: Shadwell House
65 Lower Green Road
Rusthall
Tunbridge Wells
Kent
TN4 8TW





REGISTERED NUMBER: 06376121 (England and Wales)





ACCOUNTANTS: Peter Hodgson & Co.
Chartered Accountants
Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW

Louion Limited (Registered number: 06376121)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 744 993

CURRENT ASSETS
Debtors 5 30,932 36,239
Cash in hand - (192 )
30,932 36,047
CREDITORS
Amounts falling due within one year 6 19,668 25,420
NET CURRENT ASSETS 11,264 10,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,008

11,620

CREDITORS
Amounts falling due after more than one
year

7

8,507

9,827
NET ASSETS 3,501 1,793

CAPITAL AND RESERVES
Called up share capital 8 120 120
Retained earnings 9 3,381 1,673
SHAREHOLDERS' FUNDS 3,501 1,793

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Louion Limited (Registered number: 06376121)

Statement of Financial Position - continued
31 December 2023


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 director and authorised for issue on 24 September 2024 and were signed by:





P J Funge - Director


Louion Limited (Registered number: 06376121)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Louion 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.

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.

Significant judgements and estimates
There are no significant judgements or estimates pertaining to these accounts that the directors feel need to be brought to the attention of users of these accounts.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 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 statement of financial position date.

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.

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.

Financial instruments
Basic financial instruments comprising debtors, bank and cash balances are recorded at fair value.

Functional currency
The functional currency used by the company is £ Sterling.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Louion Limited (Registered number: 06376121)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. PROPERTY, PLANT AND EQUIPMENT
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 9,918
DEPRECIATION
At 1 January 2023 8,925
Charge for year 249
At 31 December 2023 9,174
NET BOOK VALUE
At 31 December 2023 744
At 31 December 2022 993

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,522 8,177
S455 tax recoverable 6,804 6,492
Directors' current accounts 16,606 21,570
30,932 36,239

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,226 4,175
Tax 11,456 17,106
VAT 2,987 3,140
Accrued expenses 999 999
19,668 25,420

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 8,507 9,827

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A £1 100 100
20 Ordinary B £1 20 20
120 120

Louion Limited (Registered number: 06376121)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. RESERVES
Retained
earnings
£   

At 1 January 2023 1,673
Profit for the year 26,708
Dividends (25,000 )
At 31 December 2023 3,381