Loch Electronics Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC625173

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,506		5,020
Tangible Assets	5		87,987		121,720

			92,493		126,740
CURRENT ASSETS
Stock	6	52,022		45,931
Debtors	7	401		5,351
Cash at bank and in hand		404,649		15,389

		457,072		66,671
Creditors: Amounts Falling Due Within One Year	8	(571,036 )		(195,196 )

NET CURRENT ASSETS (LIABILITIES)			(113,964 )		(128,525 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(21,471 )		(1,785 )

Creditors: Amounts Falling Due After More Than One Year	9		(47,537 )		(65,240 )

NET LIABILITIES			(69,008 )		(67,025 )

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			(69,010 )		(67,027 )

SHAREHOLDERS' FUNDS			(69,008)		(67,025)

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Loch Electronics Limited

Balance Sheet (continued)

As At 31 March 2025

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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 F Carreno Cabrejos

Director

10 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Loch Electronics Limited is a private company, limited by shares, incorporated in Scotland, registered number SC625173 . The registered office is 5 South Charlotte Street, Edinburgh, EH2 4AN.

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. Going Concern Disclosure

The directors have carried out an assessment of the going concern position of the company, including consideration of the company's net liability position. With their continued support, the directors have concluded that they have a reasonable expectation that the company has adequate access to resources to continue as a going concern for a period of at least 12 months. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

2.3. 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. 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.

2.4. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property assets are patents. It is amortised to the profit and loss account over its estimated economic life of between 10 and 20 years.

2.5. 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	20% straight line
Fixtures & Fittings	20% straight line
Computer Equipment	33.33% straight line

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Loch Electronics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 5)

4. Intangible Assets

	Intellectual Property
	£
Cost
As at 1 April 2024	6,130

As at 31 March 2025	6,130

Amortisation
As at 1 April 2024	1,110
Provided during the period	514

As at 31 March 2025	1,624

Net Book Value
As at 31 March 2025	4,506

As at 1 April 2024	5,020

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	190,750	-	1,791	192,541
Additions	4,888	502	303	5,693

As at 31 March 2025	195,638	502	2,094	198,234

Depreciation
As at 1 April 2024	69,975	-	846	70,821
Provided during the period	38,720	17	689	39,426

As at 31 March 2025	108,695	17	1,535	110,247

Net Book Value
As at 31 March 2025	86,943	485	559	87,987

As at 1 April 2024	120,775	-	945	121,720

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Loch Electronics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Stock

	2025	2024
	£	£
Stock	52,022	45,931

7. Debtors

	2025	2024
	£	£
Due within one year
VAT	-	5,351
Other taxes and social security	401	-

	401	5,351

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,555	1,541
Bank loans and overdrafts	12,418	14,114
Other loans	7,597	17,913
Other taxes and social security	-	1,022
VAT	6,248	-
Other creditors	385	84
Accruals and deferred income	484,464	123,190
Directors' loan accounts	57,369	37,332

	571,036	195,196

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	47,537	65,240

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

11. Related Party Transactions

As at 31 March 2025, the company owed the directors £57,369 (2024: £37,332).

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