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REGISTERED NUMBER: SC433112 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Lorical Limited

Lorical Limited (Registered number: SC433112)






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




Page

Balance Sheet 1


Lorical Limited (Registered number: SC433112)

Balance Sheet
31 October 2023

31.10.23 31.10.22
£    £   
FIXED ASSETS 73,301 18,438

CURRENT ASSETS 474,475 499,015

CREDITORS
Amounts falling due within one year (85,142 ) (113,193 )
NET CURRENT ASSETS 389,333 385,822
TOTAL ASSETS LESS CURRENT
LIABILITIES

462,634

404,260

CREDITORS
Amounts falling due after more than one
year

(63,387

)

(33,333

)
NET ASSETS 399,247 370,927

CAPITAL AND RESERVES 399,247 370,927

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Lorical Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC433112

Registered office: 147 Main Street
Uddingston
G71 7EN

2. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 5 (2022 - 5 ) .

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
J C Young
Balance outstanding at start of year 86,062 147,500
Amounts repaid (76,487 ) (61,438 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,575 86,062

Lorical Limited (Registered number: SC433112)

Balance Sheet - continued
31 October 2023

NOTES TO THE FINANCIAL STATEMENTS

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

L Young
Balance outstanding at start of year 86,061 -
Amounts advanced - 148,500
Amounts repaid (76,487 ) (62,439 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,574 86,061

4. OTHER FINANCIAL COMMITMENTS

At 31 October 2023, the company had the following financial commitments: -
Property rent of £12,500 per annum. This is due to expire in August 2024
Van leasing of £277 per month. This is due to expire January 2025.

Barclays Bank Plc hold a floating charge and standard security over the assets of the company.



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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:




J C Young - Director



L Young - Director