Company registration number 13176230 (England and Wales)
LOCAL TELECOM LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
LOCAL TELECOM LIMITED
BALANCE SHEET
AS AT
29 FEBRUARY 2024
29 February 2024
- 1 -
29 February 2024
28 February 2023
£
£
£
£
Fixed assets
910
1,170
Current assets
33,776
59,049
Creditors: amounts falling due within one year
(26,358)
(44,346)
Net current assets
7,418
14,703
Total assets less current liabilities
8,328
15,873
Net assets
8,328
15,873
Capital and reserves
8,328
15,873
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees

During the year, the company advanced £30,007 to its directors. This amount is outstanding as of the year-end.

 

The advance is repayable on demand and accrues interest at 2.25%.

 

2
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2024
2023
Number
Number
Employees
5
5

Local Telecom Limited is a private company limited by shares incorporated in England and Wales. The registered office is No. 2 Silkwood Office Park, Fryers Way, Wakefield, West Yorkshire, United Kingdom, WF5 9TJ.

For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

LOCAL TELECOM LIMITED
BALANCE SHEET (CONTINUED)
AS AT
29 FEBRUARY 2024
29 February 2024
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 November 2024 and are signed on its behalf by:
Mr A Wilkinson
Director
Company registration number 13176230 (England and Wales)
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