Loughside Enterprises Ltd |
Registered Number:NI677856 |
For the year ended 30 April 2024
Northern Ireland
Unaudited Financial Statements
For the year ended 30 April 2024
Loughside Enterprises Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Loughside Enterprises Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
1,667,918
1,447,794
2
9,867,791
8,050,852
3
9,718,770
11,315,585
5,212
15,458
4
Trade and other receivables |
1,837,433
3,438,884
5
378,554
Cash and cash equivalents |
544,167
3,998,509
2,221,199
Trade and other payables: amounts falling due within one |
year |
(97,275)
(52,285)
6
2,123,924
3,946,224
Net current assets
Total assets less current liabilities |
13,664,994
13,439,509
Trade and other payables: amounts falling due after more |
than one year |
(500,000)
(448,248)
7
13,216,746
Net assets
12,939,509
51
51
13,216,695
12,939,458
13,216,746
12,939,509
Shareholders' funds
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. |
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 proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Conall Humston Director |
These financial statements were approved and authorised for issue by the Board on 21 January 2025 and were signed by: |
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For the year ended 30 April 2024
Loughside Enterprises Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 5
For the year ended 30 April 2024
Loughside Enterprises Ltd
Notes to the Financial Statements
Statutory Information
Loughside Enterprises Ltd is a private limited company, limited by shares, domiciled in Northern Ireland, registration |
number NI677856. |
517 Loughshore Road
Legg
Belleek
Fermanagh
BT93 3BP
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Property, plant and equipment
Property, plant and equipment, 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
Computer Equipment
Motor Vehicles
Furniture and Fittings
2. Property, plant and equipment |
1,495,946
548
96,955
62,104
33,000
1,303,339
261,010
-
19,089
-
-
241,921
1,545,260
62,104
116,044
548
1,756,956
33,000
Provision for depreciation and impairment |
48,152
137
24,239
15,526
8,250
-
Charge for year
40,886
103
22,951
11,644
6,188
-
89,038
240
47,190
27,170
14,438
-
1,545,260
18,562
34,934
68,854
308
1,667,918
1,303,339
24,750
46,578
72,716
411
1,447,794
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For the year ended 30 April 2024
Loughside Enterprises Ltd
Notes to the Financial Statements Continued
3. Investments held as fixed assets |
9,867,791
9,867,791
(1,816,939)
(1,816,939)
8,050,852
8,050,852
8,050,852
8,050,852
9,867,791
9,867,791
2023
2024
15,458
5,212
5. Trade and other receivables |
2023
2024
3,438,884
1,837,433
The debtors above include the following amounts falling due after more than one year: |
1,025,526
961,863
6. Trade and other payables: amounts falling due within one year |
2023
2024
5,801
17,453
Taxation and social security |
32,249
-
14,235
79,822
52,285
97,275
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For the year ended 30 April 2024
Loughside Enterprises Ltd
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due after more than one year |
2023
2024
448,248
500,000
-
-
448,248
500,000
8. Average number of persons employed |
During the year the average number of employees was 17 (2023 : 16)
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