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Loughview Angling Centre Limited
Registered Number:NI662634
For the year ended 30 June 2023
Northern Ireland
Unaudited Financial Statements
2
For the year ended 30 June 2023
Loughview Angling Centre Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
NI662634
As at 30 June 2023
Loughview Angling Centre Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
7,200
9,600
2
Property, plant and equipment
4,424
5,182
3
11,624
14,782
Current assets
Inventories
31,681
32,810
4
Trade and other receivables
1,996
4,384
5
200
Cash and cash equivalents
200
37,394
33,877
Trade and other payables: amounts falling due within one
year
(43,252)
(38,367)
6
(9,375)
(973)
Net current liabilities
Total assets less current liabilities
10,651
5,407
10,651
Net assets
5,407
Capital and reserves
Called up share capital
1
1
Retained earnings
10,650
5,406
10,651
5,407
Shareholders' funds
For the year ended 30 June 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Keith Trimble Director
These financial statements were approved and authorised for issue by the Board on 21 February 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 June 2023
Loughview Angling Centre Limited
Notes to the Financial Statements
Statutory Information
Loughview Angling Centre Limited is a private limited company, limited by shares, domiciled in Northern Ireland,
registration number NI662634.
Registered address:
237a Lough Road
Lurgan
Armagh
BT66 6NQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20 Reducing balance
10 Reducing balance
Computer Equipment
15 Reducing balance
Furniture and Fittings
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 July 2022
12,000
At 30 June 2023
12,000
Amortisation
At 01 July 2022
2,400
2,400
Charge for year
At 30 June 2023
4,800
Net book value
At 30 June 2023
7,200
At 30 June 2022
9,600
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5
For the year ended 30 June 2023
Loughview Angling Centre Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 July 2022
6,073
617
5,250
206
At 30 June 2023
206
5,250
617
6,073
Provision for depreciation and impairment
At 01 July 2022
891
62
788
41
Charge for year
758
56
669
33
At 30 June 2023
1,649
118
1,457
74
At 30 June 2023
Net book value
132
3,793
499
4,424
At 30 June 2022
165
4,462
555
5,182
4. Inventories
2022
2023
£
£
Stocks
32,810
31,681
5. Trade and other receivables
2022
2023
£
£
Trade debtors
4,384
1,996
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
9,707
2,450
Trade creditors
5,114
2,212
Taxation and social security
11,408
8,231
Other creditors
12,138
30,359
38,367
43,252
7. Average number of persons employed
During the year the average number of employees was 3 (2022 : 3)
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