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REGISTERED NUMBER: 01275429 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Loxton Installations Limited

Loxton Installations Limited (Registered number: 01275429)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Loxton Installations Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: K J Wyatt





REGISTERED OFFICE: Unit14
Mill Hall Industrial Estate
Mill Hall
Aylesford
KENT ME20 7JZ





REGISTERED NUMBER: 01275429 (England and Wales)





ACCOUNTANTS: Ward Mackenzie Ltd
Chartered Accountants
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS

Loxton Installations Limited (Registered number: 01275429)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 34,037 17,996

CURRENT ASSETS
Stocks 77,839 84,054
Debtors 5 1,161,356 1,138,185
Cash at bank and in hand 1,064,417 1,080,502
2,303,612 2,302,741
CREDITORS
Amounts falling due within one year 6 (676,889 ) (1,051,449 )
NET CURRENT ASSETS 1,626,723 1,251,292
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,660,760

1,269,288

CREDITORS
Amounts falling due after more than one
year

7

(9,157

)

(2,843

)

PROVISIONS FOR LIABILITIES (1,374 ) -
NET ASSETS 1,650,229 1,266,445

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 1,650,129 1,266,345
SHAREHOLDERS' FUNDS 1,650,229 1,266,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Loxton Installations Limited (Registered number: 01275429)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:





K J Wyatt - Director


Loxton Installations Limited (Registered number: 01275429)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Loxton Installations Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 33% on cost
Computer equipment - 33% on reducing balance

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 46 ) .

Loxton Installations Limited (Registered number: 01275429)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 7,715 26,123 184,181 51,982 270,001
Additions - 3,640 36,897 - 40,537
Disposals - - (19,296 ) - (19,296 )
At 31 March 2024 7,715 29,763 201,782 51,982 291,242
DEPRECIATION
At 1 April 2023 7,715 26,065 172,654 45,571 252,005
Charge for year - 419 19,949 4,128 24,496
Eliminated on disposal - - (19,296 ) - (19,296 )
At 31 March 2024 7,715 26,484 173,307 49,699 257,205
NET BOOK VALUE
At 31 March 2024 - 3,279 28,475 2,283 34,037
At 31 March 2023 - 58 11,527 6,411 17,996

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 25,490 11,735 37,225
Additions 23,901 - 23,901
Transfer to ownership (13,995 ) - (13,995 )
At 31 March 2024 35,396 11,735 47,131
DEPRECIATION
At 1 April 2023 16,423 5,541 21,964
Charge for year 10,471 3,912 14,383
Transfer to ownership (9,178 ) - (9,178 )
At 31 March 2024 17,716 9,453 27,169
NET BOOK VALUE
At 31 March 2024 17,680 2,282 19,962
At 31 March 2023 9,067 6,194 15,261

Loxton Installations Limited (Registered number: 01275429)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 867,150 978,038
Other debtors 119,337 143,405
Directors' loan accounts 268 117
Tax 158,500 -
Prepayments 16,101 13,093
1,161,356 1,134,653

Amounts falling due after more than one year:
Deferred tax Asset - 3,532

Aggregate amounts 1,161,356 1,138,185

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 10,356 12,989
Trade creditors 179,626 375,724
Corporation tax 167,196 132,901
Social security and other tax 50,096 65,350
VAT 76,224 122,508
Other creditors 13,320 18,358
Deferred income 111,331 277,682
Accrued expenses 68,740 45,937
676,889 1,051,449

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 9,157 2,843

8. SECURED DEBTS

Bank security includes a mortgage debenture incorporating a floating charge over the company's assets.

Loxton Installations Limited (Registered number: 01275429)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. RESERVES
Retained
earnings
£   

At 1 April 2023 1,266,345
Profit for the year 658,384
Dividends (274,600 )
At 31 March 2024 1,650,129

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
K J Wyatt
Balance outstanding at start of year (117 ) 35
Amounts advanced 274,600 208,500
Amounts repaid (274,751 ) (208,652 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (268 ) (117 )

Directors' loan will be repaid within 9 months.

11. GOING CONCERN

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.