REGISTERED NUMBER: 08584866 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

FOR

LOOPY PARROT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M C Heard

Mr G Heard

REGISTERED OFFICE:

57 Sherwell Valley Road

Torquay

Devon

TQ2 6EL

REGISTERED NUMBER:

08584866 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

HSBC

4 Strand

Torquay

Devon

TQ1 2AB

FIXED ASSETS

Intangible assets

4

468

599

Tangible assets

5

20,114

23,785

20,582

24,384

CURRENT ASSETS

Stocks

6

1,000

1,000

Debtors

7

8,389

5,805

Cash at bank

41,400

42,581

50,789

49,386

CREDITORS

Amounts falling due within one year

8

27,475

27,172

NET CURRENT ASSETS

23,314

22,214

TOTAL ASSETS LESS CURRENT LIABILITIES

43,896

46,598

PROVISIONS FOR LIABILITIES

3,822

4,519

NET ASSETS

40,074

42,079

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

40,072

42,077

SHAREHOLDERS' FUNDS

40,074

42,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2026 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

Mr G Heard - Director

1.	STATUTORY INFORMATION

Loopy Parrot 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

Software

Totals

£

£

£

COST

At 1 July 2025

39,200

599

39,799

Additions

-

100

100

At 30 June 2026

39,200

699

39,899

AMORTISATION

At 1 July 2025

39,200

-

39,200

Amortisation for year

-

231

231

At 30 June 2026

39,200

231

39,431

NET BOOK VALUE

At 30 June 2026

-

468

468

At 30 June 2025

-

599

599

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 July 2025

3,384

73,222

3,240

Additions

-

359

559

At 30 June 2026

3,384

73,581

3,799

DEPRECIATION

At 1 July 2025

136

60,060

2,891

Charge for year

68

2,704

136

At 30 June 2026

204

62,764

3,027

NET BOOK VALUE

At 30 June 2026

3,180

10,817

772

At 30 June 2025

3,248

13,162

349

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 July 2025

8,124

2,178

90,148

Additions

-

281

1,199

At 30 June 2026

8,124

2,459

91,347

DEPRECIATION

At 1 July 2025

2,031

1,245

66,363

Charge for year

1,523

439

4,870

At 30 June 2026

3,554

1,684

71,233

NET BOOK VALUE

At 30 June 2026

4,570

775

20,114

At 30 June 2025

6,093

933

23,785

6.

STOCKS

2026

2025

£

£

Stocks

1,000

1,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

8,389

5,805

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Tax

3,542

3,444

Social security and other taxes

190

84

VAT

6,457

5,415

Directors' current accounts

15,122

16,207

Accrued expenses

2,164

2,022

27,475

27,172

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2026 and 30 June 2025:

2026

2025

£

£

Mr G Heard and Mrs M C Heard

Balance outstanding at start of year

(16,207

)

(15,867

)

Amounts advanced

39,938

36,328

Amounts repaid

(38,853

)

(36,668

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(15,122

)

(16,207

)

Loans interest free and repayable on demand.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £14,000 were paid to the directors .