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REGISTERED NUMBER: SC175634 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Lochtower Limited

Lochtower Limited (Registered number: SC175634)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lochtower Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mrs V C Wauchope
J A Wauchope





SECRETARY: J A Wauchope





REGISTERED OFFICE: Lochtower
Kelso
Roxburghshire
TD5 8PD





REGISTERED NUMBER: SC175634 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Lochtower Limited (Registered number: SC175634)

Statement of Financial Position
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,366,831 1,447,732

CURRENT ASSETS
Inventories 187,329 178,164
Debtors 5 408,625 421,514
Cash at bank 73,227 86,151
669,181 685,829
CREDITORS
Amounts falling due within one year 6 667,616 610,701
NET CURRENT ASSETS 1,565 75,128
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,368,396

1,522,860

CREDITORS
Amounts falling due after more than one
year

7

(141,919

)

(206,252

)

PROVISIONS FOR LIABILITIES (123,500 ) (109,000 )
NET ASSETS 1,102,977 1,207,608

CAPITAL AND RESERVES
Called up share capital 763,000 763,000
Retained earnings 339,977 444,608
1,102,977 1,207,608

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

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

Lochtower Limited (Registered number: SC175634)

Statement of Financial Position - continued
30 November 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 28 August 2025 and were signed on its behalf by:





J A Wauchope - Director


Lochtower Limited (Registered number: SC175634)

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

1. STATUTORY INFORMATION

Lochtower Limited 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
Revenue 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 etc - 25% on reducing balance, 20% on reducing balance, 15% on reducing balance, 10% on cost, 10% on reducing balance and 5% on cost

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Lochtower Limited (Registered number: SC175634)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 987,671 1,030,506 2,018,177
Additions - 39,044 39,044
At 30 November 2024 987,671 1,069,550 2,057,221
DEPRECIATION
At 1 December 2023 124,663 445,782 570,445
Charge for year - 119,945 119,945
At 30 November 2024 124,663 565,727 690,390
NET BOOK VALUE
At 30 November 2024 863,008 503,823 1,366,831
At 30 November 2023 863,008 584,724 1,447,732

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 106,081 145,689
Other debtors 302,544 275,825
408,625 421,514

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 78,834 91,685
Trade creditors 114,530 82,983
Taxation and social security 832 760
Other creditors 473,420 435,273
667,616 610,701

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 141,919 206,252