Company Registration No. 14872682 (England and Wales)
LOCAL71 LTD
Unaudited accounts
for the year ended 31 May 2025
LOCAL71 LTD
Unaudited accounts
Contents
LOCAL71 LTD
Company Information
for the year ended 31 May 2025
Company Number
14872682 (England and Wales)
Registered Office
11 Spruce Road
Aylesbury
Buckinghamshire
HP19 7AE
England
Accountants
Grass & Holm (Aylesbury)
11 Spruce Road
Aylesbury
HP19 7AE
LOCAL71 LTD
Statement of financial position
as at 31 May 2025
Tangible assets
3,762
3,302
Cash at bank and in hand
57,887
55,273
Creditors: amounts falling due within one year
(7,130)
(23,929)
Net current assets
50,757
47,002
Called up share capital
150
150
Profit and loss account
54,369
50,154
Shareholders' funds
54,519
50,304
For the year ending 31 May 2025 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 4 August 2025 and were signed on its behalf by
Stephen Alderson
Director
Company Registration No. 14872682
LOCAL71 LTD
Notes to the Accounts
for the year ended 31 May 2025
LOCAL71 LTD is a private company, limited by shares, registered in England and Wales, registration number 14872682. The registered office is 11 Spruce Road, Aylesbury, Buckinghamshire, HP19 7AE, England.
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
4 years straight line
Fixtures & fittings
3 years straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2024
-
4,953
4,953
At 31 May 2025
903
7,103
8,006
At 1 June 2024
-
1,651
1,651
Charge for the year
226
2,367
2,593
At 31 May 2025
226
4,018
4,244
At 31 May 2025
677
3,085
3,762
At 31 May 2024
-
3,302
3,302
Amounts falling due after more than one year
LOCAL71 LTD
Notes to the Accounts
for the year ended 31 May 2025
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
1
12,340
Loans from directors
(2,117)
(568)
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).