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REGISTERED NUMBER: 04317225 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

LOOMAH LIMITED

LOOMAH LIMITED (REGISTERED NUMBER: 04317225)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LOOMAH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTOR: A J T Cotgrove





SECRETARY: Ms N C Cotgrove





REGISTERED OFFICE: C/O Galloways Accounting
The Mill Building
31-35 Chatsworth Road
Worthing
West Sussex
BN11 1LY





REGISTERED NUMBER: 04317225 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

LOOMAH LIMITED (REGISTERED NUMBER: 04317225)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 3,744 3,939

CURRENT ASSETS
Stocks 4 52,500 40,000
Debtors 5 145,160 698,106
Cash at bank 141,070 867,152
338,730 1,605,258
CREDITORS
Amounts falling due within one year 6 97,219 1,095,111
NET CURRENT ASSETS 241,511 510,147
TOTAL ASSETS LESS CURRENT LIABILITIES 245,255 514,086

CREDITORS
Amounts falling due after more than one year 7 (14,000 ) (26,000 )

PROVISIONS FOR LIABILITIES (936 ) (985 )
NET ASSETS 230,319 487,101

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 230,317 487,099
230,319 487,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 June 2025 and were signed by:





A J T Cotgrove - Director


LOOMAH LIMITED (REGISTERED NUMBER: 04317225)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


1. 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 represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold Property - 10% on straight line
Plant & Machinery - 25% on straight line
Fixtures & Fittings - 25% on straight line
Computer Equipment - 25% straight

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

LOOMAH LIMITED (REGISTERED NUMBER: 04317225)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


3. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 March 2024 1,354 12,243 2,750
Additions - - 825
At 28 February 2025 1,354 12,243 3,575
DEPRECIATION
At 1 March 2024 1,354 12,243 2,750
Charge for year - - 93
At 28 February 2025 1,354 12,243 2,843
NET BOOK VALUE
At 28 February 2025 - - 732
At 29 February 2024 - - -

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2024 13,884 26,857 57,088
Additions - 477 1,302
At 28 February 2025 13,884 27,334 58,390
DEPRECIATION
At 1 March 2024 13,856 22,946 53,149
Charge for year 25 1,379 1,497
At 28 February 2025 13,881 24,325 54,646
NET BOOK VALUE
At 28 February 2025 3 3,009 3,744
At 29 February 2024 28 3,911 3,939

4. STOCKS
2025 2024
£    £   
Stocks 52,500 40,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 48,171 424,729
Amounts owed by associates 1,790 1,580
Other debtors 11,667 11,667
Directors' loan accounts 25,636 50,131
Tax 6,291 -
VAT 2,668 -
Prepayments and accrued income 48,937 209,999
145,160 698,106

LOOMAH LIMITED (REGISTERED NUMBER: 04317225)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 12,000 12,000
Trade creditors 43,948 43,837
Tax - 174,591
Social security and other taxes 5,165 (4,399 )
VAT - 19,568
Other creditors 14,053 2,654
Accruals and deferred income 22,053 846,860
97,219 1,095,111

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years 12,000 12,000
Bank loans - 2-5 years 2,000 14,000
14,000 26,000

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 2024
£    £   
A J T Cotgrove
Balance outstanding at start of year 50,131 93,131
Amounts advanced 5,110 58,663
Amounts repaid (28,855 ) (101,663 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,386 50,131

This balance represented the maximum amount outstanding during the year. Interest is charged on any overdrawn amounts at the beneficial loan interest of 2.25%.

9. RELATED PARTY DISCLOSURES

During the year, Loomah Carpets 2009 Limited owed the company £1,790 as at the year end (2024: £1,580). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A J T Cotgrove & Ms N C Cotgrove.

This was by virtue of their 100% holding of the issued share capital.