Lochthorn Trading Company Limited

Registered number

SC185145

Filleted Accounts

31 March 2025

Lochthorn Trading Company Limited
Registered number:		SC185145
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		468			870

Current assets
Debtors	4	251,894			163,501
Cash at bank and in hand		6,970			124,834
		258,864			288,335

Creditors: amounts falling due within one year	5	(6,143)			(18,793)

Net current assets			252,721			269,542

Net assets			253,189			270,412

Capital and reserves
Called up share capital			130			130
Profit and loss account			253,059			270,282

Shareholders' funds			253,189			270,412

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Dr R Y Sabur
Director
Approved by the board on 28 December 2025

Lochthorn Trading Company Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold property improvements	10% on a stright line basis
	Plant and machinery	25% on a reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Leasehold improvements		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	2,487		131,146		133,633
	At 31 March 2025	2,487		131,146		133,633

	Depreciation
	At 1 April 2024	2,241		130,522		132,763
	Charge for the year	246		156		402
	At 31 March 2025	2,487		130,678		133,165

	Net book value
	At 31 March 2025	-		468		468
	At 31 March 2024	246		624		870


4	Debtors			2025		2024
£					£

	Director's overdrawn current account			195,574		110,626
	Section 455 Charge on Director's overdrawn current account			50,955		50,955
	Prepayments			1,920		1,920
	Other debtors			3,445		-
				251,894		163,501

	The director has paid statutory interest to the company on overdrawn director's current account. The company will account for S455 tax due on overdrawn director's current account


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Taxation and social security costs			4,429		17,079
	Accruals			1,714		1,714
				6,143		18,793


6	Other information

	Lochthorn Trading Company Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
	C/O Lochthorn Medical Centre
	Edinburgh Road
	Heathhall
	Dumfries
	DG1 1TR