Company Registration No. 12130314 (England and Wales)
Loukas Engineering Solutions Limited
Unaudited accounts
for the year ended 31 July 2024
Loukas Engineering Solutions Limited
Unaudited accounts
Contents
Loukas Engineering Solutions Limited
Company Information
for the year ended 31 July 2024
Director
Konstantinos Loukas
Company Number
12130314 (England and Wales)
Registered Office
70 Brawmar Avenue
Stretford
Manchester
M32 9LY
UK
Accountants
Premier Accounts & Consultancy Ltd
76 Gloucester Road
Urmston
Manchester
M41 9AE
Loukas Engineering Solutions Limited
Statement of financial position
as at 31 July 2024
Tangible assets
15,155
20,184
Cash at bank and in hand
(3,551)
7,844
Creditors: amounts falling due within one year
(29,199)
(58,887)
Net current assets/(liabilities)
4,494
(11,418)
Total assets less current liabilities
19,649
8,766
Creditors: amounts falling due after more than one year
(19,550)
(25,392)
Net assets/(liabilities)
99
(16,626)
Called up share capital
100
100
Profit and loss account
(1)
(16,726)
Shareholders' funds
99
(16,626)
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 5 February 2025 and were signed on its behalf by
Konstantinos Loukas
Director
Company Registration No. 12130314
Loukas Engineering Solutions Limited
Notes to the Accounts
for the year ended 31 July 2024
Loukas Engineering Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 12130314. The registered office is 70 Brawmar Avenue, Stretford, Manchester, M32 9LY, UK.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2023
1,433
39,087
40,520
At 31 July 2024
1,433
39,087
40,520
At 1 August 2023
979
19,357
20,336
Charge for the year
113
4,916
5,029
At 31 July 2024
1,092
24,273
25,365
At 31 July 2024
341
14,814
15,155
At 31 July 2023
454
19,730
20,184
Loukas Engineering Solutions Limited
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Trade debtors
15,501
1,798
Other debtors
22,886
30,366
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
12,100
14,548
Trade creditors
578
13,652
Taxes and social security
16,521
6,187
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
19,550
25,392
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Average number of employees
During the year the average number of employees was 1 (2023: 1).