Company Registration No. 13241466 (England and Wales)
Looming Tech Ltd
Unaudited accounts
for the year ended 31 March 2025
Looming Tech Ltd
Unaudited accounts
Contents
Looming Tech Ltd
Company Information
for the year ended 31 March 2025
Directors
David Bone
Stefan Minchev
Company Number
13241466 (England and Wales)
Registered Office
71-75 Shelton Street
London
Greater London
WC2H 9JQ
United Kingdom
Accountants
Sleek Accounting Ltd
4th Floor
205 Regent Street
London
W1B 4HB
Looming Tech Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
52,702
11,917
Creditors: amounts falling due within one year
(44,201)
(71,312)
Net current assets/(liabilities)
12,501
(5,487)
Net assets/(liabilities)
12,501
(5,487)
Called up share capital
2
2
Profit and loss account
12,499
(5,489)
Shareholders' funds
12,501
(5,487)
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by
David Bone
Director
Company Registration No. 13241466
Looming Tech Ltd
Notes to the Accounts
for the year ended 31 March 2025
Looming Tech Ltd is a private company, limited by shares, registered in England and Wales, registration number 13241466. The registered office is 71-75 Shelton Street, London, Greater 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.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Amounts falling due within one year
Accrued income and prepayments
-
53,908
5
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
5,576
4,561
Other creditors
3,878
3,512
Loans from directors
6,660
7,012
Looming Tech Ltd
Notes to the Accounts
for the year ended 31 March 2025
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).