2023-11-01 12271302 2024-10-31 12271302 2023-11-01 2024-10-31 12271302 2023-10-31 12271302 2022-11-01 2023-10-31 12271302 uk-core:WithinOneYear 2023-10-31 12271302 uk-core:WithinOneYear 2024-10-31 12271302 uk-core:AfterOneYear 2023-10-31 12271302 uk-core:AfterOneYear 2024-10-31 12271302 uk-core:ShareCapital 2024-10-31 12271302 uk-core:ShareCapital 2023-10-31 12271302 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 12271302 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 12271302 uk-bus:Director1 2023-11-01 2024-10-31 12271302 uk-core:ToolsEquipment 2023-11-01 2024-10-31 12271302 uk-core:CommercialMotorVehicles 2023-11-01 2024-10-31 12271302 uk-core:CommercialMotorVehicles 2023-10-31 12271302 uk-core:ToolsEquipment 2023-10-31 12271302 uk-core:ToolsEquipment 2024-10-31 12271302 uk-core:CommercialMotorVehicles 2024-10-31 12271302 uk-core:AfterOneYear uk-core:Secured 2024-10-31 12271302 uk-core:AfterOneYear uk-core:Secured 2023-10-31 iso4217:GBP xbrli:pure 12271302 uk-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 12271302 uk-bus:FRS102 2023-11-01 2024-10-31 12271302 uk-bus:FullAccounts 2023-11-01 2024-10-31 12271302 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31
Loqum Ltd
Registered Number:12271302
For the year ended 31 October 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2024
Loqum Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
12271302
As at 31 October 2024
Loqum Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
35,455
2,100
2
35,455
2,100
Current assets
Inventories
13,750
-
3
Trade and other receivables
608
-
4
149,030
Cash and cash equivalents
204,339
204,339
163,388
Trade and other payables: amounts falling due within one year
(84,762)
(148,460)
5
78,626
55,879
Net current assets
Total assets less current liabilities
91,334
80,726
Trade and other payables: amounts falling due after more than one
year
(33,333)
(28,333)
6
63,001
Net assets
47,393
Capital and reserves
Called up share capital
1
1
Retained earnings
63,000
47,392
63,001
47,393
Shareholders' funds
For the year ended 31 October 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 of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Izzet Zengin Director
These financial statements were approved and authorised for issue by the Board on 06 January 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 October 2024
Loqum Ltd
Notes to the Financial Statements
Statutory Information
Loqum Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 12271302.
Registered address:
North View House Front Street
Benton
Newcastle upon Tyne
NE7 7XE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial
statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Straight line
20% Straight line
Motor Vehicles
2. Property, plant and equipment
Total
Motor Vehicles
Plant and
Machinery
£
£
£
Cost or valuation
At 01 November 2023
3,500
-
3,500
34,055
34,055
-
Additions
At 31 October 2024
3,500
34,055
37,555
Provision for depreciation and impairment
At 01 November 2023
1,400
-
1,400
Charge for year
700
-
700
At 31 October 2024
2,100
-
2,100
At 31 October 2024
Net book value
1,400
34,055
35,455
At 31 October 2023
2,100
-
2,100
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for
impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual
value, over their expected useful lives on the following basis:
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5
For the year ended 31 October 2024
Loqum Ltd
Notes to the Financial Statements Continued
3. Inventories
2023
2024
£
£
Stocks
-
13,750
4. Trade and other receivables
2023
2024
£
£
Trade debtors
-
608
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
144,261
84,314
Other creditors
4,199
448
148,460
84,762
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
28,333
33,333
7. Average number of persons employed
During the year the average number of employees was 15 (2023 : 18)
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