Locol Design Ltd 31/12/2025 iXBRL

Company registration number: 13512194

Locol Design Ltd

Unaudited filleted financial statements

31 December 2025

Locol Design Ltd

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Locol Design Ltd

Directors and other information


	Directors	Mr Brian Kutsch
		Mr Carl Wilkinson
		Mr Julian Good


	Company number	13512194


	Registered office	4 Laureens Walk Nevill Road
		Rottingdean, Brighton
		Sussex
		BN2 7HG

Locol Design Ltd

Statement of financial position

31 December 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	73,431		91,652
		_______		_______
			73,431		91,652

Current assets
Debtors	6	773,826		33,489
Cash at bank and in hand		331,590		184,257
		_______		_______
		1,105,416		217,746
Creditors: amounts falling due
within one year	7	( 1,030,622)		( 185,737)
		_______		_______
Net current assets			74,794		32,009
			_______		_______
Total assets less current liabilities			148,225		123,661

Creditors: amounts falling due
after more than one year	8		( 23,290)		( 34,935)
			_______		_______
Net assets			124,935		88,726
			_______		_______

Capital and reserves
Called up share capital			3		3
Profit and loss account			124,932		88,723
			_______		_______
Shareholders funds			124,935		88,726
			_______		_______

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 17 September 2026 , and are signed on behalf of the board by:

Mr Brian Kutsch

Director

Company registration number: 13512194

Locol Design Ltd

Notes to the financial statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Laureens Walk Nevill Road, Rottingdean, Brighton, Sussex, BN2 7HG.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.

Research and development

Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	straight line
Motor vehicles	-	15 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Hire purchase and finance leases

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).

5. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 January 2025	16,951	96,580	113,531
Additions	672	-	672
	_______	_______	_______
At 31 December 2025	17,623	96,580	114,203
	_______	_______	_______
Depreciation
At 1 January 2025	7,392	14,487	21,879
Charge for the year	4,406	14,487	18,893
	_______	_______	_______
At 31 December 2025	11,798	28,974	40,772
	_______	_______	_______
Carrying amount
At 31 December 2025	5,825	67,606	73,431
	_______	_______	_______
At 31 December 2024	9,559	82,093	91,652
	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	756,816	29,108
Other debtors	17,010	4,381
	_______	_______
	773,826	33,489
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	4,454	69,970
Corporation tax	89,779	59,167
Social security and other taxes	4,544	25,346
Other creditors	931,845	31,254
	_______	_______
	1,030,622	185,737
	_______	_______

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	23,290	34,935
	_______	_______

9. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Brian Kutsch	-	15	-	15
	Mr Carl Wilkinson	1,040	-	-	1,040
	Mr Julian Good	( 3,990)	-	-	( 3,990)
		_______	_______	_______	_______
		( 2,950)	15	-	( 2,935)
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Brian Kutsch	( 1,598)	-	1,598	-
	Mr Carl Wilkinson	( 1,598)	1,040	1,598	1,040
	Mr Julian Good	( 1,384)	( 3,990)	1,384	( 3,990)
		_______	_______	_______	_______
		( 4,580)	( 2,950)	4,580	( 2,950)
		_______	_______	_______	_______