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Registered number: 03509161
Lofthouse Conversions Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
TaxAssist Accountants
48 Castle Street
Canterbury
Kent
CT1 2PY
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 03509161
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,494 11,326
8,494 11,326
CURRENT ASSETS
Debtors 5 - 1,568
Cash at bank and in hand 61,056 40,797
61,056 42,365
Creditors: Amounts Falling Due Within One Year 6 (37,414 ) (36,963 )
NET CURRENT ASSETS (LIABILITIES) 23,642 5,402
TOTAL ASSETS LESS CURRENT LIABILITIES 32,136 16,728
NET ASSETS 32,136 16,728
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 32,135 16,727
SHAREHOLDERS' FUNDS 32,136 16,728
For the year ending 31 March 2025 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
James Hills
Director
7 October 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Lofthouse Conversions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03509161 . The registered office is Forge Lane House Forge Lane, Whitfield, Dover, Kent, CT16 3LB.
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. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Plant & Machinery 25% Reducing balance Method
Motor Vehicles 25% Reducing balance Method
Computer Equipment 25% Reducing balance Method
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 15,072 38,708 938 54,718
As at 31 March 2025 15,072 38,708 938 54,718
Depreciation
As at 1 April 2024 15,069 27,386 937 43,392
Provided during the period 1 2,831 - 2,832
As at 31 March 2025 15,070 30,217 937 46,224
Net Book Value
As at 31 March 2025 2 8,491 1 8,494
As at 1 April 2024 3 11,322 1 11,326
Page 2
Page 3
5. Debtors
2025 2024
£ £
Due within one year
Other debtors - 111
VAT - 1,457
- 1,568
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors (1 ) (1 )
VAT 2,720 -
Accruals and deferred income 1,090 273
Director's loan account 33,605 36,691
37,414 36,963
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 3