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Registered Number: 11827081
England and Wales

 

 

 

LOUGHTON LAKE LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
Director Mrs Beatrice Ng
Registered Number 11827081
Registered Office 55 ATTINGHAM HILL
GREAT HOLM MILTON KEYNES
MK8 9BY
Accountants P and Co (Partners) LLP
18 Ensign Street
London
E1 8PA
1
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LOUGHTON LAKE LTD for the year ended 30 April 2024 which comprise the Income Statement, the Statement of Financial Position, the Statement of Changes in Equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://icaew.com/regulations.

This report is made solely to the Board of Directors of LOUGHTON LAKE 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 LOUGHTON LAKE LTD and state those matters that we have agreed to state to the Board of Directors of LOUGHTON LAKE LTD, as a body, in this report in accordance with 7/16 AAF as detailed at http://icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LOUGHTON LAKE LTD and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that LOUGHTON LAKE 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 LOUGHTON LAKE LTD. You consider that LOUGHTON LAKE 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 LOUGHTON LAKE 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.



....................................................
P and Co (Partners) LLP
18 Ensign Street
London
E1 8PA
27 January 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 105,555    25,487 
105,555    25,487 
Current assets      
Stocks 4 3,754    3,519 
Debtors 5 28,734    18,708 
Cash at bank and in hand 177,921    119,414 
210,409    141,641 
Creditors: amount falling due within one year 6 (150,388)   (84,705)
Net current assets 60,021    56,936 
 
Total assets less current liabilities 165,576    82,423 
Creditors: amount falling due after more than one year 7 (10,684)   (20,812)
Net assets 154,892    61,611 
 

Capital and reserves
     
Called up share capital 8 1,000    1,000 
Profit and loss account 153,892    60,611 
Shareholders' funds 154,892    61,611 
 


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 24 January 2025 and were signed by:


-------------------------------
Mrs Beatrice Ng
Director
3
General Information
LOUGHTON LAKE LTD is a private company, limited by shares, registered in England and Wales, registration number 11827081, registration address 55 ATTINGHAM HILL, GREAT HOLM MILTON KEYNES, MK8 9BY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 3 years Straight Line
Motor Vehicles 3 years Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 14 (2023 : 16).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 May 2023 8,138    11,350    29,431    48,919 
Additions   108,939    650    109,589 
Disposals   (6,850)     (6,850)
At 30 April 2024 8,138    113,439    30,081    151,658 
Depreciation
At 01 May 2023 7,060    7,478    8,894    23,432 
Charge for year 379    15,636    9,921    25,936 
On disposals   (3,265)     (3,265)
At 30 April 2024 7,439    19,849    18,815    46,103 
Net book values
Closing balance as at 30 April 2024 699    93,590    11,266    105,555 
Opening balance as at 01 May 2023 1,078    3,872    20,537    25,487 


4.

Stocks

2024
£
  2023
£
Finished Goods 3,754    3,519 
3,754    3,519 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Prepayments & Accrued Income 7,343    8,584 
Other Debtors 5,371    10,071 
Other Debtors - Paypal (Izettle Cards) 53    53 
Directors' Current Accounts 15,967   
28,734    18,708 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 17,124    16,599 
Bank Loans & Overdrafts 10,146    10,019 
Corporation Tax 1,600    10,854 
PAYE & Social Security 653    1,100 
Accrued Expenses 8,264    6,462 
Other Creditors - Vehicle hire purchases 78,135   
Directors' Current Accounts   716 
VAT 34,466    38,955 
150,388    84,705 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 10,684    20,812 
10,684    20,812 

8.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1,000 Ordinary shares of £1.00 each 1,000    1,000 
1,000    1,000 

4