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REGISTERED NUMBER: SC359293 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Lomond Stores Ltd

Lomond Stores Ltd (Registered number: SC359293)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lomond Stores Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J Tomany
Ms S Persichini





REGISTERED OFFICE: Lomond Villa
Balloch Road
Balloch
Alexandria
West Dunbartonshire
G83 8SR





REGISTERED NUMBER: SC359293 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Lomond Stores Ltd (Registered number: SC359293)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 5,793

CURRENT ASSETS
Stocks 5 - 41,577
Debtors 6 2,346 5,382
Cash at bank and in hand - 3,216
2,346 50,175
CREDITORS
Amounts falling due within one year 7 5,530 46,066
NET CURRENT (LIABILITIES)/ASSETS (3,184 ) 4,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,184

)

9,902

CREDITORS
Amounts falling due after more than one
year

8

-

29,920
NET LIABILITIES (3,184 ) (20,018 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (3,186 ) (20,020 )
SHAREHOLDERS' FUNDS (3,184 ) (20,018 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Lomond Stores Ltd (Registered number: SC359293)

Balance Sheet - continued
30 June 2024


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 26 March 2025 and were signed on its behalf by:





Ms S Persichini - Director


Lomond Stores Ltd (Registered number: SC359293)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Lomond Stores Ltd is a private company, limited by shares , registered in Scotland. 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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

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 9 (2023 - 12 ) .

Lomond Stores Ltd (Registered number: SC359293)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 19,729 21,863 2,220 43,812
Additions 755 - - 755
Disposals (20,484 ) (21,863 ) (2,220 ) (44,567 )
At 30 June 2024 - - - -
DEPRECIATION
At 1 July 2023 16,211 20,221 1,587 38,019
Charge for year 497 410 95 1,002
Eliminated on disposal (16,708 ) (20,631 ) (1,682 ) (39,021 )
At 30 June 2024 - - - -
NET BOOK VALUE
At 30 June 2024 - - - -
At 30 June 2023 3,518 1,642 633 5,793

5. STOCKS
30.6.24 30.6.23
£    £   
Stocks - 41,577

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Sundry debtor - 1,350
Debtors - Short term - 3,069
Company deposits - 700
Directors' current accounts 2,053 -
VAT 293 -
Accruals - 263
2,346 5,382

Lomond Stores Ltd (Registered number: SC359293)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 1 7,585
Creditors - Short term - 1,428
Creditors - Credit card - 9,252
Tax 5,529 -
Social security and other taxes - 743
VAT - 2,759
Pension - 136
Directors' current accounts - 23,180
Accrued expenses - 983
5,530 46,066

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Government Loan - 29,920