2024-04-01 05341910 2025-03-31 05341910 2024-04-01 2025-03-31 05341910 2024-03-31 05341910 2023-04-01 2024-03-31 05341910 uk-core:WithinOneYear 2024-03-31 05341910 uk-core:WithinOneYear 2025-03-31 05341910 uk-core:AfterOneYear 2024-03-31 05341910 uk-core:AfterOneYear 2025-03-31 05341910 uk-core:ShareCapital 2025-03-31 05341910 uk-core:ShareCapital 2024-03-31 05341910 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 05341910 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 05341910 uk-bus:Director1 2024-04-01 2025-03-31 05341910 uk-core:CommercialMotorVehicles 2024-04-01 2025-03-31 05341910 uk-core:WithinOneYear 2025-03-31 05341910 uk-core:WithinOneYear 2024-03-31 05341910 uk-core:AfterOneYear uk-core:Secured 2025-03-31 05341910 uk-core:AfterOneYear uk-core:Secured 2024-03-31 iso4217:GBP xbrli:pure 05341910 uk-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 05341910 uk-bus:FRS102 2024-04-01 2025-03-31 05341910 uk-bus:FilletedAccounts 2024-04-01 2025-03-31 05341910 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31

Lofts Away Limited

Registered Number:05341910

For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements

2
For the year ended 31 March 2025
Lofts Away Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3

Registered Number :

05341910

As at 31 March 2025

Lofts Away Limited
Statement of Financial Position

£

£

2024
2025

Notes

Fixed assets

Property, plant and equipment

37,111
19,348
2
37,111
19,348

Current assets

Inventories

6,300
2,520
3
1,573

Cash and cash equivalents

1,032
3,552
7,873

Trade and other payables: amounts falling due within one
year

(34,724)
(37,733)
4
(26,851)
(34,181)
Net current liabilities

Total assets less current liabilities

2,930
(7,503)

Trade and other payables: amounts falling due after more
than one year

(14,056)
(16,127)
5
(13,197)
Net liabilities
(21,559)

Capital and reserves

Called up share capital

1
1

Retained earnings

(13,198)
(21,560)
(13,197)
(21,559)
Shareholders' funds

For the year ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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

Mr Chris Binmore Director

These financial statements were approved and authorised for issue by the Board on 27 November 2025 and were signed by:

The notes form part of these financial statements

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4
For the year ended 31 March 2025
Lofts Away Limited
Notes to the Financial Statements
Statutory Information

Lofts Away Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05341910.

Registered address:

19 Westbourne Road
Torquay
Devon
TQ1 4JT

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1 A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

25% Straight line

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

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5
For the year ended 31 March 2025
Lofts Away Limited
Notes to the Financial Statements Continued

2. Property, plant and equipment

Plant and
machinery

£

Cost or
valuation

At 01 April 2024

84,763
40,431

Additions

Disposals

(36,178)

At 31 March 2025

89,016

Provision for depreciation and impairment

At 01 April 2024

65,415
Charge for year
12,196
(25,706)

On disposal

At 31 March 2025

51,905

At 31 March 2025

Net book value

37,111

At 31 March 2024

19,348

3. Inventories

2024
2025

£

£

Stocks

2,520
6,300

4. Trade and other payables: amounts falling due within one year

2024
2025

£

£

Bank loans and overdraft

13,139
15,675

Trade creditors

1,087
808

Taxation and social security

14,469
17,293

Other creditors

9,038
948
37,733
34,724
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6
For the year ended 31 March 2025
Lofts Away Limited
Notes to the Financial Statements Continued

5. Trade and other payables: amounts falling due after more than one year

2024
2025

£

£

Bank loans and overdraft

2,927
14,056

Other creditors

13,200
-
16,127
14,056

6. Related party transactions

The company was under the control of C Binmore during this year.

7. Average number of persons employed

During the year the average number of employees was 2 (2024 : 2)
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