LOCHLYLE LIMITED

Company Registration Number:
SC560853 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

LOCHLYLE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

LOCHLYLE LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 125,000 125,000
Tangible assets: 4 1,360 629
Investments: 5 351,750 351,750
Total fixed assets: 478,110 477,379
Current assets
Debtors:   17,815 64,879
Cash at bank and in hand: 11,850 3,723
Total current assets: 29,665 68,602
Creditors: amounts falling due within one year: 6 (61,939) (66,381)
Net current assets (liabilities): (32,274) 2,221
Total assets less current liabilities: 445,836 479,600
Creditors: amounts falling due after more than one year: 7 (192,111) (308,003)
Provision for liabilities: (258) (120)
Total net assets (liabilities): 253,467 171,477
Capital and reserves
Called up share capital: 1,250 1,250
Profit and loss account: 252,217 170,227
Shareholders funds: 253,467 171,477

The notes form part of these financial statements

LOCHLYLE LIMITED

Balance sheet statements

For the year ending 31 March 2023 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 December 2023
and signed on behalf of the board by:

Name: Dr Allan B Marshall, BDS
Status: Director

The notes form part of these financial statements

LOCHLYLE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

LOCHLYLE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

LOCHLYLE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible Assets

Total
Cost £
At 01 April 2022 125,000
At 31 March 2023 125,000
Net book value
At 31 March 2023 125,000
At 31 March 2022 125,000

LOCHLYLE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
At 01 April 2022 2,879
Additions 1,184
At 31 March 2023 4,063
Depreciation
At 01 April 2022 2,250
Charge for year 453
At 31 March 2023 2,703
Net book value
At 31 March 2023 1,360
At 31 March 2022 629

LOCHLYLE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Fixed investments

As in prior year accounts. THe company believes that there is no cause to re-value its holding as at 31 March 2023.

LOCHLYLE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due within one year note

Corporation tax 2023 - £29,096 2022 - £20,945Bank loan 1 21,994 21,994BBL (Bounce Back Loan) 7,477 3,250Accruals and deferred income 1,825 9,125Trade creditors 1,396 855PAYE/NIC 151 212Bank loan 2 0 10,000Total 61,939 66,381

LOCHLYLE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

7. Creditors: amounts falling due after more than one year note

Bank loan 1 2023 - £170,356 2022 - £230,697Bank loan 2 0 43,846BBL (Bounce Back Loan) 21,755 33,460Total 192,111 308,003

LOCHLYLE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

8. Post balance sheet events

So far as the Board is aware, there are no post balance sheet events which require to be reflected in the Accounts.