Abbreviated Company Accounts - THE LOOP CONNECTIONS LIMITED

Abbreviated Company Accounts - THE LOOP CONNECTIONS LIMITED


Registered Number SC385877

THE LOOP CONNECTIONS LIMITED

Abbreviated Accounts

30 September 2016

THE LOOP CONNECTIONS LIMITED Registered Number SC385877

Abbreviated Balance Sheet as at 30 September 2016

Notes 2016 2015
£ £
Current assets
Debtors - 559
Cash at bank and in hand 74,554 8,036
74,554 8,595
Creditors: amounts falling due within one year (53,842) (2,587)
Net current assets (liabilities) 20,712 6,008
Total assets less current liabilities 20,712 6,008
Total net assets (liabilities) 20,712 6,008
Capital and reserves
Called up share capital 2 1 1
Profit and loss account 20,711 6,007
Shareholders' funds 20,712 6,008
  • For the year ending 30 September 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 8 June 2017

And signed on their behalf by:
Mr D Halden, Director

THE LOOP CONNECTIONS LIMITED Registered Number SC385877

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers adjusted for opening and closing accrued or deferred income in respect of contracts in progress at the year end. Turnover in respect of contracts for on-going services is recognised by reference to the stage of completion.

Other accounting policies
Consolidation
In the opinion of the director, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

ULTIMATE PARENT COMPANY
The ultimate parent company is Derek Halden Consultancy Limited, a company registered in Scotland.

2Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
1 Ordinary shares of £1 each 1 1