REGISTERED NUMBER: SC634339 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

LATCH ON LANARKSHIRE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs A W G Chalmers

REGISTERED OFFICE:

4 Glen Orchy Place

Chapelhall

Airdrie

United Kingdom

ML6 8QT

REGISTERED NUMBER:

SC634339 (Scotland)

ACCOUNTANTS:

WDM Associates

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

FIXED ASSETS

Tangible assets

4

23,700

23,891

CURRENT ASSETS

Debtors

5

3,933

3,440

Cash at bank

42,002

44,084

45,935

47,524

CREDITORS

Amounts falling due within one year

6

9,232

9,168

NET CURRENT ASSETS

36,703

38,356

TOTAL ASSETS LESS CURRENT LIABILITIES

60,403

62,247

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

60,401

62,245

SHAREHOLDERS' FUNDS

60,403

62,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

The financial statements were approved by the director and authorised for issue on 18 November 2025 and were signed by:

Mrs A W G Chalmers - Director

1.	STATUTORY INFORMATION

Latch On Lanarkshire 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Basic financial instruments

Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 July 2024

and 30 June 2025

23,700

1,899

499

26,098

DEPRECIATION

At 1 July 2024

-

1,708

499

2,207

Charge for year

-

191

-

191

At 30 June 2025

-

1,899

499

2,398

NET BOOK VALUE

At 30 June 2025

23,700

-

-

23,700

At 30 June 2024

23,700

191

-

23,891

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments

3,933

3,440

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

(1

)

1

Tax

3,741

6,264

Directors' current accounts

4,399

1,967

Accrued expenses

1,093

936

9,232

9,168

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

2.00

2

2

8.

RESERVES

Retained

earnings

£

At 1 July 2024

62,245

Profit for the year

15,756

Dividends

(17,600

)

At 30 June 2025

60,401