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Company Registration No. 08579724 (England and Wales)
Loizou Associates Limited Unaudited accounts for the year ended 30 June 2024
Loizou Associates Limited Unaudited accounts Contents
Page
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Loizou Associates Limited Company Information for the year ended 30 June 2024
Director
Mr L Loizou
Company Number
08579724 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ United Kingdom
Accountants
Loizou Associates Limited 71-75 Shelton Street Covent Garden London WC2H 9JQ
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Loizou Associates Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
461 
860 
Current assets
Debtors
2,980 
175 
Cash at bank and in hand
98,524 
91,284 
101,504 
91,459 
Creditors: amounts falling due within one year
(40,168)
(41,036)
Net current assets
61,336 
50,423 
Total assets less current liabilities
61,797 
51,283 
Creditors: amounts falling due after more than one year
(1,027)
(1,959)
Net assets
60,770 
49,324 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
60,670 
49,224 
Shareholders' funds
60,770 
49,324 
For the year ending 30 June 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 25 June 2025 and were signed on its behalf by
Mr L Loizou Director Company Registration No. 08579724
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Loizou Associates Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Loizou Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 08579724. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.
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 preparing the accounts
These accounts 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 accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents invoiced sales of services.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings
25% on reducing balance
Computer equipment
33% on cost
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the accounts. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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Loizou Associates Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
2,467 
2,505 
4,972 
At 30 June 2024
2,467 
2,505 
4,972 
Depreciation
At 1 July 2023
1,854 
2,258 
4,112 
Charge for the year
153 
246 
399 
At 30 June 2024
2,007 
2,504 
4,511 
Net book value
At 30 June 2024
460 
1 
461 
At 30 June 2023
613 
247 
860 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,980 
175 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,000 
1,000 
Other creditors
39,168 
40,036 
40,168 
41,036 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,027 
1,959 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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