IRIS Accounts Production v24.3.2.46 04544464 Board of Directors 1.6.23 31.5.24 31.5.24 0 0 false true false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045444642023-05-31045444642024-05-31045444642023-06-012024-05-31045444642022-05-31045444642022-06-012023-05-31045444642023-05-3104544464ns15:EnglandWales2023-06-012024-05-3104544464ns14:PoundSterling2023-06-012024-05-3104544464ns10:Director12023-06-012024-05-3104544464ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3104544464ns10:SmallEntities2023-06-012024-05-3104544464ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3104544464ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3104544464ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3104544464ns10:FullAccounts2023-06-012024-05-3104544464ns10:OrdinaryShareClass12023-06-012024-05-3104544464ns10:Director32023-06-012024-05-3104544464ns10:RegisteredOffice2023-06-012024-05-3104544464ns5:CurrentFinancialInstruments2024-05-3104544464ns5:CurrentFinancialInstruments2023-05-3104544464ns5:ShareCapital2024-05-3104544464ns5:ShareCapital2023-05-3104544464ns5:RetainedEarningsAccumulatedLosses2024-05-3104544464ns5:RetainedEarningsAccumulatedLosses2023-05-3104544464ns5:FurnitureFittings2023-06-012024-05-3104544464ns5:MotorVehicles2023-06-012024-05-3104544464ns5:ComputerEquipment2023-06-012024-05-3104544464ns5:FurnitureFittings2023-05-3104544464ns5:MotorVehicles2023-05-3104544464ns5:ComputerEquipment2023-05-3104544464ns5:FurnitureFittings2024-05-3104544464ns5:MotorVehicles2024-05-3104544464ns5:ComputerEquipment2024-05-3104544464ns5:FurnitureFittings2023-05-3104544464ns5:MotorVehicles2023-05-3104544464ns5:ComputerEquipment2023-05-3104544464ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3104544464ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3104544464ns10:OrdinaryShareClass12024-05-31
REGISTERED NUMBER: 04544464 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31st May 2024

for

Lofrix Associates Limited

Lofrix Associates Limited (Registered number: 04544464)

Contents of the Financial Statements
for the Year Ended 31st May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lofrix Associates Limited

Company Information
for the Year Ended 31st May 2024







Directors: P J Lewin
I Sibbick





Registered office: 10 Park Place
Manchester
M4 4EY





Registered number: 04544464 (England and Wales)





Accountants: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY

Lofrix Associates Limited (Registered number: 04544464)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 4,765 6,143

Current assets
Debtors 5 60,786 56,972
Cash at bank 19 1,206
60,805 58,178
Creditors
Amounts falling due within one year 6 1,210,727 1,158,980
Net current liabilities (1,149,922 ) (1,100,802 )
Total assets less current liabilities (1,145,157 ) (1,094,659 )

Capital and reserves
Called up share capital 7 100 100
Retained earnings (1,145,257 ) (1,094,759 )
Shareholders' funds (1,145,157 ) (1,094,659 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th February 2025 and were signed on its behalf by:





P J Lewin - Director


Lofrix Associates Limited (Registered number: 04544464)

Notes to the Financial Statements
for the Year Ended 31st May 2024


1. Statutory information

Lofrix Associates 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 10% on reducing balance
Equipment - 25% on reducing balance

3. Employees and directors

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

4. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Equipment Totals
£    £    £    £   
Cost
At 1st June 2023
and 31st May 2024 568 1,788 8,705 11,061
Depreciation
At 1st June 2023 555 732 3,631 4,918
Charge for year 3 106 1,269 1,378
At 31st May 2024 558 838 4,900 6,296
Net book value
At 31st May 2024 10 950 3,805 4,765
At 31st May 2023 13 1,056 5,074 6,143

Lofrix Associates Limited (Registered number: 04544464)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024


5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 1,206 464
Other debtors 53,135 56,135
VAT 6,445 373
60,786 56,972

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10 -
Other loans 706,087 1,059,704
Directors' current accounts 503,830 98,476
Accrued expenses 800 800
1,210,727 1,158,980

7. Called up share capital

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