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Company Registration No. 04276655 (England and Wales)
Loop Scorpio Limited Unaudited accounts for the year ended 31 August 2024
Loop Scorpio Limited Unaudited accounts Contents
Page
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Loop Scorpio Limited Company Information for the year ended 31 August 2024
Director
P A Cartwright
Secretary
P A Cartwright
Company Number
04276655 (England and Wales)
Registered Office
6 Worcester Road Ledbury Herefordshire HR8 1PL
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Loop Scorpio Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,624 
21,442 
Current assets
Inventories
1,000 
1,000 
Debtors
10,226 
34,882 
Cash at bank and in hand
78,342 
27,461 
89,568 
63,343 
Creditors: amounts falling due within one year
(43,166)
(55,145)
Net current assets
46,402 
8,198 
Total assets less current liabilities
72,026 
29,640 
Creditors: amounts falling due after more than one year
(21,739)
(26,624)
Net assets
50,287 
3,016 
Capital and reserves
Called up share capital
335,500 
335,500 
Profit and loss account
(285,213)
(332,484)
Shareholders' funds
50,287 
3,016 
For the year ending 31 August 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 28 May 2025 and were signed on its behalf by
P A Cartwright Director Company Registration No. 04276655
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Loop Scorpio Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Loop Scorpio Limited is a private company, limited by shares, registered in England and Wales, registration number 04276655. The registered office is 6 Worcester Road, Ledbury , Herefordshire, HR8 1PL.
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:
Plant & machinery
20%
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
33.3%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
71,218 
7,500 
2,157 
1,082 
81,957 
Additions
20,473 
- 
- 
- 
20,473 
At 31 August 2024
91,691 
7,500 
2,157 
1,082 
102,430 
Depreciation
At 1 September 2023
51,651 
5,625 
2,157 
1,082 
60,515 
Charge for the year
14,416 
1,875 
- 
- 
16,291 
At 31 August 2024
66,067 
7,500 
2,157 
1,082 
76,806 
Net book value
At 31 August 2024
25,624 
- 
- 
- 
25,624 
At 31 August 2023
19,567 
1,875 
- 
- 
21,442 
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Loop Scorpio Limited Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
10,226 
34,882 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,903 
11,179 
VAT
5,806 
2,169 
Other creditors
26,457 
41,797 
43,166 
55,145 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,739 
26,624 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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