Company Registration No. 10020833 (England and Wales)
5loyalty Ltd
Unaudited accounts
for the year ended 29 February 2024
5loyalty Ltd
Unaudited accounts
Contents
5loyalty Ltd
Company Information
for the year ended 29 February 2024
Directors
MOORE, William Robert
PHILLIPPE, Russell Peter
Secretary
MOORE, William Robert
Company Number
10020833 (England and Wales)
Registered Office
30 Wisteria Road
London
SE13 5HN
England
Accountants
Lane Accounting Limited
Denmark House, 143 High St,
Chalfont St Peter,
Gerrards Cross
Buckinghamshire
SL9 9QL
5loyalty Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
4,012
5,084
Cash at bank and in hand
37,724
15,547
Creditors: amounts falling due within one year
(86,816)
(61,086)
Net current assets
7,448
17,598
Total assets less current liabilities
11,460
22,682
Creditors: amounts falling due after more than one year
(24,622)
(35,556)
Net liabilities
(13,162)
(12,874)
Called up share capital
1
1
Profit and loss account
(13,163)
(12,875)
Shareholders' funds
(13,162)
(12,874)
For the year ending 29 February 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 directors acknowledge their 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 of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by
PHILLIPPE, Russell Peter
Director
Company Registration No. 10020833
5loyalty Ltd
Notes to the Accounts
for the year ended 29 February 2024
5loyalty Ltd is a private company, limited by shares, registered in England and Wales, registration number 10020833. The registered office is 30 Wisteria Road, London, SE13 5HN, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2023
7,817
1,492
9,309
At 29 February 2024
8,082
1,492
9,574
At 1 March 2023
3,363
862
4,225
Charge for the year
1,180
157
1,337
At 29 February 2024
4,543
1,019
5,562
At 29 February 2024
3,539
473
4,012
At 28 February 2023
4,454
630
5,084
5loyalty Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
26,202
33,664
Accrued income and prepayments
654
2
Other debtors
29,684
29,471
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,600
12,592
Trade creditors
63,408
26,421
Amounts owed to group undertakings and other participating interests
-
10,000
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).