General Information
Runloop Ltd is a private company, limited by shares, registered in England and Wales, registration number 06199372, registration address 86-90 Paul Street,, London, EC2A 4NE.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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.
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.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Computer Equipment |
25% Straight Line
|
| Fixtures and Fittings |
25% Straight Line
|
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 2 (2025 : 2).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 May 2025 |
4,490 |
|
76,788 |
|
81,278 |
| Additions |
- |
|
30,784 |
|
30,784 |
| Disposals |
- |
|
(6,348) |
|
(6,348) |
| At 30 April 2026 |
4,490 |
|
101,224 |
|
105,714 |
| Depreciation |
| At 01 May 2025 |
4,001 |
|
47,622 |
|
51,623 |
| Charge for year |
244 |
|
14,550 |
|
14,794 |
| On disposals |
- |
|
(6,214) |
|
(6,214) |
| At 30 April 2026 |
4,245 |
|
55,958 |
|
60,203 |
| Net book values |
| Closing balance as at 30 April 2026 |
245 |
|
45,266 |
|
45,511 |
| Opening balance as at 01 May 2025 |
489 |
|
29,167 |
|
29,656 |
|
| 4. |
Debtors: amounts falling due within one year
|
2026
£ |
|
2025
£ |
| Prepayments & Accrued Income |
39 |
|
0 |
| Directors' Current Accounts |
2,840 |
|
0 |
| VAT |
2,898 |
|
1,367 |
|
5,777 |
|
1,367 |
|
| 5. |
Creditors: amount falling due within one year
|
2026
£ |
|
2025
£ |
| Corporation Tax |
58,940 |
|
42,002 |
| Credit Card |
689 |
|
421 |
| Directors' Current Accounts |
0 |
|
1,083 |
|
59,629 |
|
43,506 |
|
| 6. |
Provisions for liabilities
|
2026
£ |
|
2025
£ |
| Deferred Tax |
11,340 |
|
7,243 |
|
11,340 |
|
7,243 |
|
| 7. |
Share Capital
Allotted, called up and fully paid
|
2026
£ |
|
2025
£ |
|
1,000
Ordinary shares of £1.00 each |
1,000 |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
Mr D Wood
| Particulars |
|
2026
£ |
|
2025
£ |
| Opening Balance |
|
- |
|
1,489 |
| Advances to director |
|
4,055 |
|
365 |
| Repayments by director |
|
(312) |
|
(1,854) |
| Closing Balance |
|
3,743 |
|
- |
The loan is interest free with no fixed date of repayment.
|
|
Mrs H J Wood
| Particulars |
|
2026
£ |
|
2025
£ |
| Opening Balance |
|
(1,082) |
|
(2,698) |
| Advances to director |
|
180 |
|
1,616 |
| Repayments by director |
|
- |
|
- |
| Closing Balance |
|
(902) |
|
(1,082) |
The loan is interest free with no fixed date of repayment.
|
| 9. |
Dividend
During the year, total dividends of £88,400 (2025 - £254,000) were paid to the directors.
|
3
|