LOFT ENTERPRISES LIMITED

Company Registration Number:
11880859 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

LOFT ENTERPRISES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

LOFT ENTERPRISES LIMITED

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 3,351,254 2,162,635
Cost of sales: ( 1,962,157 ) ( 1,228,374 )
Gross profit(or loss): 1,389,097 934,261
Distribution costs: ( 175,498 ) ( 67,836 )
Administrative expenses: ( 365,125 ) ( 247,384 )
Operating profit(or loss): 848,474 619,041
Profit(or loss) before tax: 848,474 619,041
Tax: ( 161,210 ) ( 117,618 )
Profit(or loss) for the financial year: 687,264 501,423

LOFT ENTERPRISES LIMITED

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 893,548 642,614
Total fixed assets: 893,548 642,614
Current assets
Stocks: 4 325,158 127,384
Debtors: 5 551,257 293,748
Cash at bank and in hand: 266,882 105,983
Total current assets: 1,143,297 527,115
Creditors: amounts falling due within one year: 6 ( 226,525 ) ( 163,673 )
Net current assets (liabilities): 916,772 363,442
Total assets less current liabilities: 1,810,320 1,006,056
Total net assets (liabilities): 1,810,320 1,006,056
Capital and reserves
Called up share capital: 120,000 1
Profit and loss account: 1,690,320 1,006,055
Total Shareholders' funds: 1,810,320 1,006,056

The notes form part of these financial statements

LOFT ENTERPRISES 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.

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

This report was approved by the board of directors on 31 December 2023
and signed on behalf of the board by:

Name: Sally Lawrence
Status: Director

The notes form part of these financial statements

LOFT ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

LOFT ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 8 5

LOFT ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 347,750 71,255 76,833 96,093 181,627 773,558
Additions 237,598 23,528 35,985 25,412 84,041 406,564
Disposals
Revaluations
Transfers
At 31 March 2023 585,348 94,783 112,818 121,505 265,668 1,180,122
Depreciation
At 1 April 2022 10,261 18,821 36,508 65,354 130,944
Charge for year 24,217 22,563 34,301 74,549 155,630
On disposals
Other adjustments
At 31 March 2023 34,478 41,384 70,809 139,903 286,574
Net book value
At 31 March 2023 585,348 60,305 71,434 50,696 125,765 893,548
At 31 March 2022 347,750 60,994 58,012 59,585 116,273 642,614

LOFT ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Stocks

2023 2022
£ £
Stocks 325,158 127,384
Total 325,158 127,384

LOFT ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Debtors

2023 2022
£ £
Trade debtors 551,257 293,748
Total 551,257 293,748

LOFT ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 65,315 46,055
Taxation and social security 161,210 117,618
Total 226,525 163,673