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Company registration number: NI650618
LoyalBe Ltd
Unaudited filleted financial statements
31 January 2024
LoyalBe Ltd
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
LoyalBe Ltd
Directors and other information
Directors Mr Cormac Quinn
Mr Ian Browne
Mr Paul Gannon
Company number NI650618
Registered office 18 Ormeau Avenue
Belfast
BT28HS
Accountants Hill Vellacott
22 Great Victoria Street
Belfast
BT27BA
Report to the board of directors on the preparation of the
unaudited statutory financial statements of LoyalBe Ltd
Year ended 31 January 2024
In accordance with the engagement letter dated 26 February 2024, and in order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LoyalBe Ltd for the year ended 31 January 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie/Professional-Standards/Home.
This report is made solely to the Company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Board of Directors, as a body, for our work, or for this report.
We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by the Institute of Chartered Accountants Ireland.
You have acknowledged on the balance sheet for the year ended 31 January 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. 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 financial statements.
Hill Vellacott 27 August 2024
Chartered Accountants
22 Great Victoria Street
Belfast
BT27BA
LoyalBe Ltd
Statement of financial position
31 January 2024
2024 2023
£ £ £ £
Fixed assets 920 1,410
_______ _______
Current assets 113,542 108,796
Prepayments and accrued income - 4,943
_______ _______
113,542 113,739
Creditors: amounts falling due within one year ( 18,470) ( 23,693)
_______ _______
Net current assets 95,072 90,046
_______ _______
Total assets less current liabilities 95,992 91,456
Creditors: amounts falling due after more than one year ( 368,390) ( 358,790)
Accruals and deferred income ( 4,800) ( 3,500)
_______ _______
Net liabilities ( 277,198) ( 270,834)
_______ _______
Capital and reserves ( 277,198) ( 270,834)
_______ _______
Notes to the financial statements
LoyalBe Ltd
Year ended 31 January 2024
1. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 4 ).
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 27 August 2024 , and are signed on behalf of the board by:
Mr Cormac Quinn
Director
Company registration number: NI650618
The company is a private company limited by shares, registered in Northern Ireland.