REGISTERED NUMBER: SC535018 (Scotland)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

William Loch Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr William Alexander Loch

Mrs Fiona Loch

REGISTERED OFFICE:

27 High Park Avenue

Stranraer

Dumfries & Galloway

DG9 0DE

REGISTERED NUMBER:

SC535018 (Scotland)

ACCOUNTANTS:

McMillan Bain & Company

27 High Park Avenue

Stranraer

Dumfries & Galloway

DG9 0DE

FIXED ASSETS

Intangible assets

4

4,000

4,800

Tangible assets

5

65,959

77,153

69,959

81,953

CURRENT ASSETS

Stocks

391,603

434,778

Debtors

5,801

3,389

Cash at bank and in hand

213,229

179,500

610,633

617,667

CREDITORS

Amounts falling due within one year

302,544

280,099

NET CURRENT ASSETS

308,089

337,568

TOTAL ASSETS LESS CURRENT LIABILITIES

378,048

419,521

CREDITORS

Amounts falling due after more than one year

(4,667

)

(10,267

)

PROVISIONS FOR LIABILITIES

-

(532

)

NET ASSETS

373,381

408,722

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

373,379

408,720

SHAREHOLDERS' FUNDS

373,381

408,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2025 and were signed on its behalf by:

Mr William Alexander Loch - Director

1.	STATUTORY INFORMATION

William Loch Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2024

and 31 May 2025

8,000

AMORTISATION

At 1 June 2024

3,200

Amortisation for year

800

At 31 May 2025

4,000

NET BOOK VALUE

At 31 May 2025

4,000

At 31 May 2024

4,800

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2024

176,198

Additions

1,712

Disposals

(283

)

At 31 May 2025

177,627

DEPRECIATION

At 1 June 2024

99,045

Charge for year

12,701

Eliminated on disposal

(78

)

At 31 May 2025

111,668

NET BOOK VALUE

At 31 May 2025

65,959

At 31 May 2024

77,153

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 June 2024

and 31 May 2025

32,000

DEPRECIATION

At 1 June 2024

18,500

Charge for year

3,375

At 31 May 2025

21,875

NET BOOK VALUE

At 31 May 2025

10,125

At 31 May 2024

13,500

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

7.	RELATED PARTY DISCLOSURES

Included in creditors due within one year is the sum of £76,193 (PY - £51,448) due to the director of the company.