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REGISTERED NUMBER: 08021555 (England and Wales)















LOOM DIGITAL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






LOOM DIGITAL LTD (REGISTERED NUMBER: 08021555)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOOM DIGITAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs K E Pearce
Mrs N E Puttick





REGISTERED OFFICE: Unit 2.2b Temple Studios
Temple Gate
Temple Meads
Bristol
BS1 6QA





REGISTERED NUMBER: 08021555 (England and Wales)





ACCOUNTANTS: Blencowes
15 High Street
Brackley
Northamptonshire
NN13 7DH

LOOM DIGITAL LTD (REGISTERED NUMBER: 08021555)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 7,654
Tangible assets 5 26,761 36,703
26,761 44,357

CURRENT ASSETS
Debtors 6 236,505 250,794
Cash at bank 484,751 330,257
721,256 581,051
CREDITORS
Amounts falling due within one year 7 201,298 174,638
NET CURRENT ASSETS 519,958 406,413
TOTAL ASSETS LESS CURRENT
LIABILITIES

546,719

450,770

PROVISIONS FOR LIABILITIES 6,690 9,176
NET ASSETS 540,029 441,594

CAPITAL AND RESERVES
Called up share capital 8 2,500 2,500
Retained earnings 537,529 439,094
SHAREHOLDERS' FUNDS 540,029 441,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LOOM DIGITAL LTD (REGISTERED NUMBER: 08021555)

BALANCE SHEET - continued
31 DECEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:





Mrs N E Puttick - Director


LOOM DIGITAL LTD (REGISTERED NUMBER: 08021555)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Loom Digital Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements 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 financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Branding assets are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% 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 balance sheet date.


LOOM DIGITAL LTD (REGISTERED NUMBER: 08021555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 financial statements. 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors/creditors receivable in one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024 15,375
Disposals (15,375 )
At 31 December 2024 -
AMORTISATION
At 1 January 2024 7,721
Eliminated on disposal (7,721 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 7,654

LOOM DIGITAL LTD (REGISTERED NUMBER: 08021555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 2,047 21,340 31,938 55,325
Additions 1,167 - 3,336 4,503
Disposals - (1,167 ) - (1,167 )
At 31 December 2024 3,214 20,173 35,274 58,661
DEPRECIATION
At 1 January 2024 512 6,618 11,492 18,622
Charge for year 803 5,044 8,598 14,445
Eliminated on disposal - (1,167 ) - (1,167 )
At 31 December 2024 1,315 10,495 20,090 31,900
NET BOOK VALUE
At 31 December 2024 1,899 9,678 15,184 26,761
At 31 December 2023 1,535 14,722 20,446 36,703

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 228,427 240,692
Other debtors 8,078 10,102
236,505 250,794

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,171 1,032
Tax 94,849 68,678
Social security and other taxes 20,832 28,076
VAT 76,138 69,352
Directors' current accounts 624 -
Accrued expenses & deferred
income 1,684 7,500
201,298 174,638

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,100 Ordinary A £1 2,100 2,100
400 Ordinary B £1 400 400
2,500 2,500