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REGISTERED NUMBER: 11333571 (England and Wales)










Loft Solutions Nw Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2024






Loft Solutions Nw Ltd (Registered number: 11333571)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Loft Solutions Nw Ltd

Company Information
for the year ended 30 April 2024







DIRECTORS: Ms C Lhombreaud
Mr R Morris





REGISTERED OFFICE: Unit 2
Star
Gaerwen
Anglesey
LL60 6AL





REGISTERED NUMBER: 11333571 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Loft Solutions Nw Ltd (Registered number: 11333571)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,121 3,369

CURRENT ASSETS
Debtors 5 179,806 50,848
Cash at bank 38,852 66,742
218,658 117,590
CREDITORS
Amounts falling due within one year 6 116,653 81,469
NET CURRENT ASSETS 102,005 36,121
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,126

39,490

CREDITORS
Amounts falling due after more than one year 7 (45,088 ) -

PROVISIONS FOR LIABILITIES 9 (9,561 ) -
NET ASSETS 86,477 39,490

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 86,377 39,390
SHAREHOLDERS' FUNDS 86,477 39,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Loft Solutions Nw Ltd (Registered number: 11333571)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:




Ms C Lhombreaud - Director



Mr R Morris - Director


Loft Solutions Nw Ltd (Registered number: 11333571)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Loft Solutions Nw 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.

Motor vehicles25% straight line
Fixtures & Fittings25% straight line
Computer equipment25% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 14 (2023 - 11 ) .

Loft Solutions Nw Ltd (Registered number: 11333571)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 13,429
Additions 44,130
Disposals (1,122 )
At 30 April 2024 56,437
DEPRECIATION
At 1 May 2023 10,060
Charge for year 7,951
Eliminated on disposal (695 )
At 30 April 2024 17,316
NET BOOK VALUE
At 30 April 2024 39,121
At 30 April 2023 3,369

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 47,902 24,451
Other debtors 95,776 9,684
VAT 36,128 16,713
179,806 50,848

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 25,043 48,562
Hire purchase contracts 7,875 -
Trade creditors 26,743 9,646
Tax 52,359 21,788
Social security and other taxes 4,259 1,473
Directors' current accounts 374 -
116,653 81,469

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 26,294 -
Hire purchase contracts 18,794 -
45,088 -

Loft Solutions Nw Ltd (Registered number: 11333571)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 25,043 48,562

Amounts falling due between one and two years:
Bank loans - 1-2 years 26,294 -

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 9,561 -

Deferred
tax
£   
Provided during year 9,561
Balance at 30 April 2024 9,561

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 May 2023 39,390
Profit for the year 140,987
Dividends (94,000 )
At 30 April 2024 86,377