IRIS Accounts Production v24.3.2.46 02990395 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh029903952023-04-30029903952024-04-30029903952023-05-012024-04-30029903952022-04-30029903952022-05-012023-04-30029903952023-04-3002990395ns15:EnglandWales2023-05-012024-04-3002990395ns14:PoundSterling2023-05-012024-04-3002990395ns10:Director12023-05-012024-04-3002990395ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3002990395ns10:SmallEntities2023-05-012024-04-3002990395ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3002990395ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3002990395ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3002990395ns10:FullAccounts2023-05-012024-04-3002990395ns10:Director22023-05-012024-04-3002990395ns10:RegisteredOffice2023-05-012024-04-3002990395ns5:CurrentFinancialInstruments2024-04-3002990395ns5:CurrentFinancialInstruments2023-04-3002990395ns5:Non-currentFinancialInstruments2024-04-3002990395ns5:Non-currentFinancialInstruments2023-04-3002990395ns5:ShareCapital2024-04-3002990395ns5:ShareCapital2023-04-3002990395ns5:SharePremium2024-04-3002990395ns5:SharePremium2023-04-3002990395ns5:RetainedEarningsAccumulatedLosses2024-04-3002990395ns5:RetainedEarningsAccumulatedLosses2023-04-3002990395ns5:PlantMachinery2023-05-012024-04-3002990395ns5:FurnitureFittings2023-05-012024-04-3002990395ns5:MotorVehicles2023-05-012024-04-3002990395ns5:PlantMachinery2023-04-3002990395ns5:FurnitureFittings2023-04-3002990395ns5:MotorVehicles2023-04-3002990395ns5:PlantMachinery2024-04-3002990395ns5:FurnitureFittings2024-04-3002990395ns5:MotorVehicles2024-04-3002990395ns5:PlantMachinery2023-04-3002990395ns5:FurnitureFittings2023-04-3002990395ns5:MotorVehicles2023-04-3002990395ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3002990395ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3002990395ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-04-3002990395ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-04-30
REGISTERED NUMBER: 02990395 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

LOTHBURY LIMITED

LOTHBURY LIMITED (REGISTERED NUMBER: 02990395)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


LOTHBURY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 April 2024







DIRECTORS: Mr I R Gray
Mrs D B Gray





REGISTERED OFFICE: Droys Court
Cirencester Road
Little Witcombe
Gloucestershire
GL3 4TN





REGISTERED NUMBER: 02990395 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

LOTHBURY LIMITED (REGISTERED NUMBER: 02990395)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,339 78,567

CURRENT ASSETS
Stocks 5 1,000 1,000
Debtors 6 106,747 107,778
107,747 108,778
CREDITORS
Amounts falling due within one year 7 113,531 106,832
NET CURRENT (LIABILITIES)/ASSETS (5,784 ) 1,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,555

80,513

CREDITORS
Amounts falling due after more than one year 8 (70,370 ) (61,121 )

PROVISIONS FOR LIABILITIES (25,585 ) (19,642 )
NET ASSETS/(LIABILITIES) 600 (250 )

CAPITAL AND RESERVES
Called up share capital 3,560 3,560
Share premium 64,350 64,350
Retained earnings (67,310 ) (68,160 )
SHAREHOLDERS' FUNDS 600 (250 )

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.

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 24 January 2025 and were signed on its behalf by:





Mr I R Gray - Director


LOTHBURY LIMITED (REGISTERED NUMBER: 02990395)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2024

1. STATUTORY INFORMATION

Lothbury 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.

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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 10 (2023 - 10 ) .

LOTHBURY LIMITED (REGISTERED NUMBER: 02990395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 135,529 5,851 154,066 295,446
Additions 26,812 - 26,950 53,762
At 30 April 2024 162,341 5,851 181,016 349,208
DEPRECIATION
At 1 May 2023 108,565 5,196 103,118 216,879
Charge for year 14,123 199 15,668 29,990
At 30 April 2024 122,688 5,395 118,786 246,869
NET BOOK VALUE
At 30 April 2024 39,653 456 62,230 102,339
At 30 April 2023 26,964 655 50,948 78,567

5. STOCKS
2024 2023
£    £   
Stocks 1,000 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 65,479 64,704
Other debtors 390 -
Directors' current accounts 40,878 43,074
106,747 107,778

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 20,967 23,800
Hire purchase contracts 28,442 19,381
Trade creditors 27,122 21,200
Tax 10,910 10,298
Social security and other taxes 2,264 1,899
VAT 21,112 27,540
Other creditors 11,524 11,524
The Lawners Limited (10,625 ) (10,625 )
Accrued expenses 1,815 1,815
113,531 106,832

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 14,037 24,815
Hire purchase contracts 56,333 36,306
70,370 61,121

LOTHBURY LIMITED (REGISTERED NUMBER: 02990395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2024

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 10,967 13,800
Bank loans 10,000 10,000
20,967 23,800

Amounts falling due between one and two years:
Bank loans - 1-2 years 14,037 24,815

10. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £84,775 (2023 £55,686).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in debtors is an amount of £40,878 (2023 £43,074) owing from the directors.