Lough Technologies Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: NI635780

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		716		920

			716		920
CURRENT ASSETS
Debtors	5	241		241
Cash at bank and in hand		-		1,033

		241		1,274
Creditors: Amounts Falling Due Within One Year	6	(10,169 )		(9,692 )

NET CURRENT ASSETS (LIABILITIES)			(9,928 )		(8,418 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(9,212 )		(7,498 )

NET LIABILITIES			(9,212 )		(7,498 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			(9,312 )		(7,598 )

SHAREHOLDERS' FUNDS			(9,212)		(7,498)

Page 1

Page 2

Lough Technologies Ltd.

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr P J Mullan

Director

30 September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Lough Technologies Ltd. is a private company, limited by shares, incorporated in Northern Ireland, registered number NI635780 . The registered office is 48 Fingrean Road, Loughmacrory, Omagh, County Tyrone, BT79 9LR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

20% SLM

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	1,622

As at 31 December 2024	1,622

Depreciation
As at 1 January 2024	702
Provided during the period	204

As at 31 December 2024	906

Net Book Value
As at 31 December 2024	716

As at 1 January 2024	920

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	241	241

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Page 4

Lough Technologies Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Bank loans and overdrafts	52	-
Other creditors	10,117	9,692

	10,169	9,692

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100