Loughglynn Limited
Registered number: 08468862
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 - 3,267
Tangible assets 4 - 266
- 3,533
Current assets
Debtors 5 117,930 26,287
Cash at bank and in hand 56,220 179,915
174,150 206,202
Creditors: amounts falling due within one year 6 (129,474) (112,304)
Net current assets 44,676 93,898
Net assets 44,676 97,431
Capital and reserves
Called up share capital 100 100
Profit and loss account 44,576 97,331
Shareholders' funds 44,676 97,431
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Mee
Director
Approved by the board on 28 April 2025
Loughglynn Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 3,267
At 31 March 2025 3,267
Amortisation
Provided during the year 3,267
At 31 March 2025 3,267
Net book value
At 31 March 2025 -
At 31 March 2024 3,267
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 3,774
At 31 March 2025 3,774
Depreciation
At 1 April 2024 3,508
Charge for the year 266
At 31 March 2025 3,774
Net book value
At 31 March 2025 -
At 31 March 2024 266
5 Debtors 2025 2024
£ £
Trade debtors 117,930 26,287
6 Creditors: amounts falling due within one year 2025 2024
£ £
Corporation tax 5,380 6,189
Other taxes and social security costs 19,171 9,745
Other creditors 104,923 96,370
129,474 112,304
7 Other information
Loughglynn Limited is a private company limited by shares and incorporated in England. Its registered office is:
Lough Lynn
Bunstrux
Tring
Hertfordshire
HP23 4HT
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