Registered number
04971139
Loophouse Limited
Abbreviated Accounts
30 November 2012
Loophouse Limited
Registered number: 04971139
Abbreviated Balance Sheet
as at 30 November 2012
Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 6,007 6,322
Current assets
Stocks 3,045 1,448
Debtors 74,161 94,579
Cash at bank and in hand 273,844 169,677
351,050 265,704
Creditors: amounts falling due within one year (74,943) (37,823)
Net current assets 276,107 227,881
Net assets 282,114 234,203
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 282,113 234,202
Shareholder's funds 282,114 234,203
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
L Statham
Director
Approved by the board on 27 June 2013
Loophouse Limited
Notes to the Abbreviated Accounts
for the year ended 30 November 2012
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
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.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 15% reducing balance
0 0
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
2 Tangible fixed assets £
Cost
At 1 December 2011 10,451
Additions 745
At 30 November 2012 11,196
Depreciation
At 1 December 2011 4,129
Charge for the year 1,060
At 30 November 2012 5,189
Net book value
At 30 November 2012 6,007
At 30 November 2011 6,322
3 Share capital Nominal 2012 2012 2011
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1 1 1
Loophouse Limited 04971139 false true 2011-12-01 2012-11-30 2012-11-30 L Statham 04971139 uk-bus:OrdinaryShareClass1 2011-11-30 04971139 2011-12-01 2012-11-30 04971139 uk-bus:Director40 2011-12-01 2012-11-30 04971139 uk-gaap:PlantMachinery 2011-12-01 2012-11-30 04971139 uk-gaap:MotorVehicles 2011-12-01 2012-11-30 04971139 uk-bus:OrdinaryShareClass1 2011-12-01 2012-11-30 04971139 2012-11-30 04971139 uk-bus:OrdinaryShareClass1 2012-11-30 04971139 2011-11-30 iso4217:GBP xbrli:shares

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