REGISTERED NUMBER: SC433112 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

Lorical Limited

Page

Balance Sheet

1

FIXED ASSETS

57,038

73,301

CURRENT ASSETS

444,367

474,475

CREDITORS

Amounts falling due within one year

(77,053

)

(85,142

)

NET CURRENT ASSETS

367,314

389,333

TOTAL ASSETS LESS CURRENT LIABILITIES

424,352

462,634

CREDITORS

Amounts falling due after more than one year

(37,365

)

(63,387

)

NET ASSETS

386,987

399,247

CAPITAL AND RESERVES

386,987

399,247

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Lorical Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC433112

Registered office:

147 Main Street

Uddingston

G71 7EN

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 4 (2023 - 5 ) .

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24

31.10.23

£

£

J C Young

Balance outstanding at start of year

9,575

86,062

Amounts advanced

74,021

-

Amounts repaid

-

(76,487

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

83,596

9,575

L Young

Balance outstanding at start of year

9,574

86,061

Amounts advanced

74,021

-

Amounts repaid

-

(76,487

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

83,595

9,574

4.	OTHER FINANCIAL COMMITMENTS

At 31 October 2024, the company had the following financial commitments: -

Property rent of £13,750 per annum. This is due to expire in August 2034

Barclays Bank Plc hold a floating charge and standard security over the assets of the company.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2025 and were signed on its behalf by:

J C Young - Director

L Young - Director