1 August 2023 false No description of principal activity Taxfiler 2024.6.1 12104078business:PrivateLimitedCompanyLtd2023-08-012024-07-31 121040782023-07-31 121040782023-08-012024-07-31 12104078business:AuditExempt-NoAccountantsReport2023-08-012024-07-31 12104078business:FilletedAccounts2023-08-012024-07-31 121040782024-07-31 12104078business:Director12023-08-012024-07-31 12104078business:RegisteredOffice2023-08-012024-07-31 121040782023-07-31 12104078core:WithinOneYear2024-07-31 12104078core:WithinOneYear2023-07-31 12104078core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 12104078core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 12104078core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 12104078core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 12104078core:PreviouslyStatedAmount2024-07-31 12104078core:PreviouslyStatedAmount2023-07-31 12104078business:SmallEntities2023-08-012024-07-31 12104078countries:EnglandWales2023-08-012024-07-31 12104078core:ComputerEquipment2023-08-012024-07-31 12104078core:ComputerEquipment2023-07-31 12104078core:ComputerEquipment2024-07-31 12104078core:AfterOneYear2024-07-31 12104078core:AfterOneYear2023-07-31 121040782022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. 12104078 (England and Wales)
LOC TAX LTD Unaudited accounts for the year ended 31 July 2024
LOC TAX LTD Unaudited accounts Contents
Page
- 2 -
LOC TAX LTD Company Information for the year ended 31 July 2024
Director
ERAJ LOCI
Company Number
12104078 (England and Wales)
Registered Office
159A High Street Hornchurch Essex RM11 3YD United Kingdom
- 3 -
LOC TAX LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
846 
1,139 
Current assets
Debtors
5,500 
476 
Cash at bank and in hand
7,631 
22,941 
13,131 
23,417 
Creditors: amounts falling due within one year
(13,453)
(15,931)
Net current (liabilities)/assets
(322)
7,486 
Net assets
524 
8,625 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
424 
8,525 
Shareholders' funds
524 
8,625 
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 27 September 2024 and were signed on its behalf by
ERAJ LOCI Director Company Registration No. 12104078
- 4 -
LOC TAX LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
LOC TAX LTD is a private company, limited by shares, registered in England and Wales, registration number 12104078. The registered office is 159A High Street, Hornchurch, Essex, RM11 3YD, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
25% Straight line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
4,455 
Additions
1,095 
At 31 July 2024
5,550 
Depreciation
At 1 August 2023
3,316 
Charge for the year
1,388 
At 31 July 2024
4,704 
Net book value
At 31 July 2024
846 
At 31 July 2023
1,139 
- 5 -
LOC TAX LTD Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
476 
Amounts falling due after more than one year
Trade debtors
3,000 
- 
Other debtors
2,500 
- 
5,500 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,880 
6,513 
Taxes and social security
7,573 
9,418 
13,453 
15,931 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 6 -