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REGISTERED NUMBER: 10446967 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st October 2023

for

Loarton Ltd

Loarton Ltd (Registered number: 10446967)






Contents of the Financial Statements
for the Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Loarton Ltd

Company Information
for the Year Ended 31st October 2023







DIRECTORS: K L Boulton
T Boulton





REGISTERED OFFICE: Trel-Ped-Nance
Sithney
Helston
Cornwall
TR13 0AF





REGISTERED NUMBER: 10446967 (England and Wales)





ACCOUNTANTS: Wheeler & Co Ltd
Chartered Accountants
The Shrubbery
14 Church Street
Whitchurch
Hampshire
RG28 7AB

Loarton Ltd (Registered number: 10446967)

Balance Sheet
31st October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 660 575

CURRENT ASSETS
Debtors 5 2,184 8,666
Cash at bank 11,301 17,539
13,485 26,205
CREDITORS
Amounts falling due within one year 6 7,196 12,108
NET CURRENT ASSETS 6,289 14,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,949

14,672

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,849 14,572
6,949 14,672

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 1st February 2024 and were signed on its behalf by:





K L Boulton - Director


Loarton Ltd (Registered number: 10446967)

Notes to the Financial Statements
for the Year Ended 31st October 2023

1. STATUTORY INFORMATION

Loarton Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 50% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Loarton Ltd (Registered number: 10446967)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022 1,910
Additions 540
Disposals (1,077 )
At 31st October 2023 1,373
DEPRECIATION
At 1st November 2022 1,335
Charge for year 455
Eliminated on disposal (1,077 )
At 31st October 2023 713
NET BOOK VALUE
At 31st October 2023 660
At 31st October 2022 575

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors - 5,916
Tax 1,509 -
VAT 675 -
Prepayments - 2,750
2,184 8,666

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Tax - 4,244
Social security and other taxes 533 -
VAT - 4,276
Directors' current accounts 905 63
Accrued expenses 5,758 3,525
7,196 12,108

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 (2022 - £16,500) were paid to the directors .