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Company registration number: SC251396
Lochforth Ltd
Unaudited filleted financial statements
31 January 2024
Lochforth Ltd
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Lochforth Ltd
Directors and other information
Directors Mr Gavin Elder
Mrs Margaret Elder
Mr Ronald Elder
Mr Ross Elder
Secretary Ronald Elder
Company number SC251396
Registered office 28 Bonaly Avenue
Edinburgh
EH13 0ET
Accountants Ian J Brown & Company
4 Lothian Street
Dalkeith
Midlothian
EH22 1DS
Lochforth Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Lochforth Ltd
Year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lochforth Ltd for the year ended 31 January 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of Lochforth Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Lochforth Ltd and state those matters that we have agreed to state to the board of directors of Lochforth Ltd as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lochforth Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Lochforth Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lochforth Ltd. You consider that Lochforth Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Lochforth Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ian J Brown & Company
Chartered Accountants
4 Lothian Street
Dalkeith
Midlothian
EH22 1DS
30 October 2024
Lochforth Ltd
Statement of financial position
31 January 2024
2024 2023
£ £
Fixed assets 28,372 29,163
_______ _______
Current assets 222 5,536
Creditors: amounts falling due within one year ( 14,269) ( 22,946)
_______ _______
Net current liabilities ( 14,047) ( 17,410)
_______ _______
Total assets less current liabilities 14,325 11,753
Accruals and deferred income ( 672) ( 838)
_______ _______
Net assets 13,653 10,915
_______ _______
Capital and reserves 13,653 10,915
_______ _______
Notes to the financial statements
Lochforth Ltd
Year ended 31 January 2024
1. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Gavin Elder ( 22,946) 8,677 ( 14,269)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Gavin Elder ( 31,028) 8,082 ( 22,946)
_______ _______ _______
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 30 October 2024 , and are signed on behalf of the board by:
Mr Gavin Elder
Director
Company registration number: SC251396
The company is a private company limited by shares, registered in Scotland.