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REGISTERED NUMBER: 02091552 (England and Wales)















LOOPORDER LIMITED
TRADING AS
EAST MIDLANDS HELICOPTERS

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






LOOPORDER LIMITED (REGISTERED NUMBER: 02091552)
TRADING AS EAST MIDLANDS HELICOPTERS






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


LOOPORDER LIMITED
TRADING AS EAST MIDLANDS HELICOPTERS

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: N T Burton





REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF





REGISTERED NUMBER: 02091552 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT

LOOPORDER LIMITED (REGISTERED NUMBER: 02091552)
TRADING AS EAST MIDLANDS HELICOPTERS

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 74,134 94,919
Investments 5 1,300,000 -
1,374,134 94,919

CURRENT ASSETS
Inventories 10,332 14,019
Debtors 6 987,004 1,619,784
Cash at bank 29,900 102,669
1,027,236 1,736,472
CREDITORS
Amounts falling due within one year 7 964,668 724,290
NET CURRENT ASSETS 62,568 1,012,182
TOTAL ASSETS LESS CURRENT LIABILITIES 1,436,702 1,107,101

CREDITORS
Amounts falling due after more than one
year

8

(12,235

)

(22,436

)

PROVISIONS FOR LIABILITIES (3,802 ) (1,880 )
NET ASSETS 1,420,665 1,082,785

LOOPORDER LIMITED (REGISTERED NUMBER: 02091552)
TRADING AS EAST MIDLANDS HELICOPTERS

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,420,565 1,082,685
SHAREHOLDERS' FUNDS 1,420,665 1,082,785

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 10 January 2025 and were signed by:





N T Burton - Director


LOOPORDER LIMITED (REGISTERED NUMBER: 02091552)
TRADING AS EAST MIDLANDS HELICOPTERS

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Looporder 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 20% on reducing balance, 20% on cost, 15% on reducing balance and Straight line over 3 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories
Inventories are stated at the lower of cost and fair value less costs to complete and sell, after making due allowances for obsolete and slow moving stock.

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.

LOOPORDER LIMITED (REGISTERED NUMBER: 02091552)
TRADING AS EAST MIDLANDS HELICOPTERS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Fixed asset investments are stated at cost less provision for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 11 ) .

LOOPORDER LIMITED (REGISTERED NUMBER: 02091552)
TRADING AS EAST MIDLANDS HELICOPTERS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 194,844 258,807 453,651
Additions - 85 85
Disposals - (59,662 ) (59,662 )
At 31 March 2024 194,844 199,230 394,074
DEPRECIATION
At 1 April 2023 135,109 223,623 358,732
Charge for year 7,733 11,666 19,399
Eliminated on disposal - (58,191 ) (58,191 )
At 31 March 2024 142,842 177,098 319,940
NET BOOK VALUE
At 31 March 2024 52,002 22,132 74,134
At 31 March 2023 59,735 35,184 94,919

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other investments 1,300,000 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,392 41,367
Other debtors 585,905 568,651
Directors' current accounts - 693,949
Tax 234,208 234,208
Prepayments and accrued income 138,499 81,609
987,004 1,619,784

LOOPORDER LIMITED (REGISTERED NUMBER: 02091552)
TRADING AS EAST MIDLANDS HELICOPTERS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 10,204 9,952
Trade creditors 183,284 234,289
Taxation 351,594 314,426
Other taxes and social security 34,136 33,758
Other creditors 912 41,349
Directors' current accounts 237,998 -
Accruals and deferred income 146,540 90,516
964,668 724,290

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,462 10,204
Bank loans - 2-5 years 1,773 12,232
12,235 22,436

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100