1 1 Loose Change Ltd 09755921 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is Film and TV Services Digita Accounts Production Advanced 6.30.9574.0 true 09755921 2023-10-01 2024-09-30 09755921 2024-09-30 09755921 core:CurrentFinancialInstruments 2024-09-30 09755921 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 09755921 core:FurnitureFittingsToolsEquipment 2024-09-30 09755921 bus:SmallEntities 2023-10-01 2024-09-30 09755921 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 09755921 bus:FilletedAccounts 2023-10-01 2024-09-30 09755921 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09755921 bus:RegisteredOffice 2023-10-01 2024-09-30 09755921 bus:Director1 2023-10-01 2024-09-30 09755921 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09755921 bus:Agent1 2023-10-01 2024-09-30 09755921 core:ComputerEquipment 2023-10-01 2024-09-30 09755921 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 09755921 countries:EnglandWales 2023-10-01 2024-09-30 09755921 2023-09-30 09755921 core:FurnitureFittingsToolsEquipment 2023-09-30 09755921 2022-10-01 2023-09-30 09755921 2023-09-30 09755921 core:CurrentFinancialInstruments 2023-09-30 09755921 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 09755921 core:FurnitureFittingsToolsEquipment 2023-09-30 xbrli:pure iso4217:GBP

Registration number: 09755921

Loose Change Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Loose Change Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Loose Change Ltd

Company Information

Director

Miss ER Pritchard

Registered office

Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

Accountants

Sterling Grove Accountants Limited
Chartered Certified AccountantsFawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

 

Loose Change Ltd

(Registration number: 09755921)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

14,694

5,863

Current assets

 

Debtors

5

1,566

570

Cash at bank and in hand

 

83,735

105,550

 

85,301

106,120

Creditors: Amounts falling due within one year

6

(33,591)

(48,169)

Net current assets

 

51,710

57,951

Net assets

 

66,404

63,814

Capital and reserves

 

Called up share capital

1

1

Retained earnings

66,403

63,813

Shareholders' funds

 

66,404

63,814

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges her 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 April 2025
 

.........................................
Miss ER Pritchard
Director

 

Loose Change Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD
England

These financial statements were authorised for issue by the director on 16 April 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Loose Change Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33% on reducing balance

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 at the transaction price, 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Loose Change Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Loose Change Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2023

7,746

7,746

Additions

12,249

12,249

At 30 September 2024

19,995

19,995

Depreciation

At 1 October 2023

1,883

1,883

Charge for the year

3,418

3,418

At 30 September 2024

5,301

5,301

Carrying amount

At 30 September 2024

14,694

14,694

At 30 September 2023

5,863

5,863

5

Debtors

Current

2024
£

2023
£

Trade debtors

666

-

Prepayments

620

570

Other debtors

280

-

 

1,566

570

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

198

Taxation and social security

8,577

9,335

Accruals and deferred income

950

800

Other creditors

24,064

37,836

33,591

48,169