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REGISTERED NUMBER: 08876832 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Lochlyn Torey Limited

Lochlyn Torey Limited (Registered number: 08876832)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lochlyn Torey Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: I Barrett





REGISTERED OFFICE: Kenilworth Hambledon Road
Denmead
Waterlooville
Hampshire
PO7 6NU





REGISTERED NUMBER: 08876832 (England and Wales)





ACCOUNTANTS: Business Bar Associates Limited
Kenilworth
Hambledon Road
Denmead
Hampshire
PO7 6NU

Lochlyn Torey Limited (Registered number: 08876832)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 91

CURRENT ASSETS
Debtors 5 59,854 269,338
Cash at bank 27,312 583,963
87,166 853,301
CREDITORS
Amounts falling due within one year 6 (3,266 ) 702,510
NET CURRENT ASSETS 90,432 150,791
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,432

150,882

CREDITORS
Amounts falling due after more than one
year

7

27,487

37,952
NET ASSETS 62,945 112,930

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 62,745 112,730
SHAREHOLDERS' FUNDS 62,945 112,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Lochlyn Torey Limited (Registered number: 08876832)

Balance Sheet - continued
31 July 2023


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 director and authorised for issue on 10 October 2023 and were signed by:





I Barrett - Director


Lochlyn Torey Limited (Registered number: 08876832)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Lochlyn Torey Limited 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.

The financial statements have been prepared on a going concern basis which assumes the continuation of the company's activities for the foreseeable future. The Director considers it appropriate to prepare the financial statements on a going concern basis because the related parties to which Lochlyn Torey has loaned funds are in a position to repay their debts within the agreed time frame.

Significant judgements and estimates
There have been no significant judgements or estimates in the financial year.

Turnover
Company turnover is recognised on the date of payroll processing as this is the significant event that gives rise to the right to receive revenue.

All turnover arises from the rendering of services

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 etc - 33.33% on cost and 25% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership of the leased asset to the company. All other leases are classified as operating leases.

Rentals payable under operating leases are charged to profit or loss on a straight-line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 155 (2022 - 190 ) .

Lochlyn Torey Limited (Registered number: 08876832)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 16,245
Disposals (16,245 )
At 31 July 2023 -
DEPRECIATION
At 1 August 2022 16,154
Eliminated on disposal (16,154 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 91

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 59,854 269,338

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors - 891
Taxation and social security (6,266 ) 681,504
Other creditors 3,000 20,115
(3,266 ) 702,510

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 27,487 37,952