LoCoNoCo Solutions Ltd SC772771 true 2023-07-01 2024-11-30 2024-11-30 The principal activity of the company is will be development of bespoke IT systems Digita Accounts Production Advanced 6.30.9574.0 true Alexander Macleod Drummond SC772771 2023-07-01 2024-11-30 SC772771 2024-11-30 SC772771 bus:OrdinaryShareClass1 2024-11-30 SC772771 core:ShareCapital 2024-11-30 SC772771 core:CurrentFinancialInstruments 2024-11-30 SC772771 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 SC772771 bus:FRS102 2023-07-01 2024-11-30 SC772771 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-11-30 SC772771 bus:FullAccounts 2023-07-01 2024-11-30 SC772771 bus:RegisteredOffice 2023-07-01 2024-11-30 SC772771 bus:Director1 2023-07-01 2024-11-30 SC772771 bus:OrdinaryShareClass1 2023-07-01 2024-11-30 SC772771 bus:EntityHasNeverTraded 2023-07-01 2024-11-30 SC772771 bus:Consolidated 2023-07-01 2024-11-30 SC772771 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-11-30 SC772771 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-11-30 SC772771 countries:Scotland 2023-07-01 2024-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC772771

LoCoNoCo Solutions Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 July 2023 to 30 November 2024

 

LoCoNoCo Solutions Ltd

Profit and Loss Account for the Period from 1 July 2023 to 30 November 2024

The company has not traded during the period. During this period, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

LoCoNoCo Solutions Ltd

(Registration number: SC772771)
Balance Sheet as at 30 November 2024

Note

2024
£

Current assets

 

Debtors

3

(1,000)

Cash at bank and in hand

 

1,000

 

-

Creditors: Amounts falling due within one year

100

Net assets

 

100

Capital and reserves

 

Called up share capital

5

100

Shareholders' funds

 

100

For the financial period ending 30 November 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 14 March 2025
 

.........................................
Alexander Macleod Drummond
Director

 

LoCoNoCo Solutions Ltd

Notes to the Financial Statements for the Period from 1 July 2023 to 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
The Coppice
Cornton Road
Bridge of Allan
Stirling
FK9 4DB

These financial statements were authorised for issue by the director on 14 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Depreciation

Asset class

Depreciation method and rate

Fixtures, fittings, equipment

not yet applicable

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

LoCoNoCo Solutions Ltd

Notes to the Financial Statements for the Period from 1 July 2023 to 30 November 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Debtors

Current

Note

2024
£

Amounts owed by related parties

(1,000)

   

(1,000)

4

Cash and cash equivalents

2024
£

Cash at bank

1,000

5

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary shares of £1 each

100

100

   

6

Loans and borrowings

Current loans and borrowings

2024
£

Director current account

(100)