LOFT ENTERPRISES LIMITED

Company Registration Number:
11880859 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

LOFT ENTERPRISES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

LOFT ENTERPRISES LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 5,624,563 3,351,254
Cost of sales: ( 3,384,178 ) ( 1,962,157 )
Gross profit(or loss): 2,240,385 1,389,097
Distribution costs: ( 302,125 ) ( 175,498 )
Administrative expenses: ( 598,302 ) ( 365,125 )
Operating profit(or loss): 1,339,958 848,474
Profit(or loss) before tax: 1,339,958 848,474
Tax: ( 321,058 ) ( 161,210 )
Profit(or loss) for the financial year: 1,018,900 687,264

LOFT ENTERPRISES LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,120,254 893,548
Total fixed assets: 1,120,254 893,548
Current assets
Stocks: 4 1,024,569 325,158
Debtors: 5 851,359 551,257
Cash at bank and in hand: 374,125 266,882
Total current assets: 2,250,053 1,143,297
Creditors: amounts falling due within one year: 6 ( 541,087 ) ( 226,525 )
Net current assets (liabilities): 1,708,966 916,772
Total assets less current liabilities: 2,829,220 1,810,320
Total net assets (liabilities): 2,829,220 1,810,320
Capital and reserves
Called up share capital: 120,000 120,000
Profit and loss account: 2,709,220 1,690,320
Total Shareholders' funds: 2,829,220 1,810,320

The notes form part of these financial statements

LOFT ENTERPRISES LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 28 November 2024
and signed on behalf of the board by:

Name: Sally Lawrence
Status: Director

The notes form part of these financial statements

LOFT ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

LOFT ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 17 8

LOFT ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 585,348 94,783 112,818 121,505 265,668 1,180,122
Additions 58,696 75,124 97,005 228,680 459,505
Disposals
Revaluations
Transfers
At 31 March 2024 585,348 153,479 187,942 218,510 494,348 1,639,627
Depreciation
At 1 April 2023 34,478 41,384 70,809 139,903 286,574
Charge for year 30,695 37,588 43,702 120,814 232,799
On disposals
Other adjustments
At 31 March 2024 65,173 78,972 114,511 260,717 519,373
Net book value
At 31 March 2024 585,348 88,306 108,970 103,999 233,631 1,120,254
At 31 March 2023 585,348 60,305 71,434 50,696 125,765 893,548

LOFT ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 1,024,569 325,158
Total 1,024,569 325,158

LOFT ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Trade debtors 851,359 551,257
Total 851,359 551,257

LOFT ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 151,617 65,315
Taxation and social security 389,470 161,210
Total 541,087 226,525