IRIS Accounts Production v25.4.0.155 SC552431 Board of Directors 1.1.24 30.12.24 30.12.24 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC552431 2023-12-31 SC552431 2024-12-30 SC552431 2024-01-01 2024-12-30 SC552431 2022-12-31 SC552431 2023-01-01 2023-12-31 SC552431 2023-12-31 SC552431 ns15:Scotland 2024-01-01 2024-12-30 SC552431 ns14:PoundSterling 2024-01-01 2024-12-30 SC552431 ns10:Director1 2024-01-01 2024-12-30 SC552431 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-30 SC552431 ns10:SmallEntities 2024-01-01 2024-12-30 SC552431 ns10:AuditExemptWithAccountantsReport 2024-01-01 2024-12-30 SC552431 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-30 SC552431 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-30 SC552431 ns10:FullAccounts 2024-01-01 2024-12-30 SC552431 ns10:Director2 2024-01-01 2024-12-30 SC552431 ns10:RegisteredOffice 2024-01-01 2024-12-30 SC552431 ns5:CurrentFinancialInstruments 2024-12-30 SC552431 ns5:CurrentFinancialInstruments 2023-12-31 SC552431 ns5:ShareCapital 2024-12-30 SC552431 ns5:ShareCapital 2023-12-31 SC552431 ns5:RetainedEarningsAccumulatedLosses 2024-12-30 SC552431 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 SC552431 ns5:FurnitureFittings 2024-01-01 2024-12-30 SC552431 ns5:ComputerEquipment 2024-01-01 2024-12-30 SC552431 ns5:FurnitureFittings 2023-12-31 SC552431 ns5:ComputerEquipment 2023-12-31 SC552431 ns5:FurnitureFittings 2024-12-30 SC552431 ns5:ComputerEquipment 2024-12-30 SC552431 ns5:FurnitureFittings 2023-12-31 SC552431 ns5:ComputerEquipment 2023-12-31 SC552431 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-30 SC552431 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 SC552431 ns5:DeferredTaxation 2023-12-31 SC552431 ns5:DeferredTaxation 2024-01-01 2024-12-30 SC552431 ns5:DeferredTaxation 2024-12-30

REGISTERED NUMBER: SC552431 (Scotland)

| Unaudited Financial Statements |

| For The Period 1 January 2024 to 30 December 2024 |

| for |

| Loclay Ltd |

| Loclay Ltd (Registered number: SC552431) |

Contents of the Financial Statements

For The Period 1 January 2024 to 30 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 6 |

| Loclay Ltd |

Company Information

For The Period 1 January 2024 to 30 December 2024

| DIRECTORS: | B C McLaughlin

| Mrs L McLaughlin

| REGISTERED OFFICE: | 1 Cambuslang Court

| Cambuslang

| Glasgow

| Strathclyde

| G32 8FH

| REGISTERED NUMBER: | SC552431 (Scotland)

| ACCOUNTANTS: | Atkinson Donnelly LLP

| 1 Cambuslang Court

| Cambuslang

| Glasgow

| Strathclyde

| G32 8FH

| Loclay Ltd (Registered number: SC552431) |

Balance Sheet

30 December 2024

| 30.12.24 | 31.12.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 434 |  | 510 |  |

CURRENT ASSETS

Debtors | 5 | 1,349 |  | 5,536 |  |

Cash at bank | - |  | 20 |  |

1,349 |  | 5,556 |  |

CREDITORS

Amounts falling due within one year | 6 | 501 |  | 721 |  |

NET CURRENT ASSETS | 848 |  | 4,835 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,282 |  | 5,345 |  |

PROVISIONS FOR LIABILITIES | 7 | - |  | 99 |  |

NET ASSETS | 1,282 |  | 5,246 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 1,182 |  | 5,146 |  |

SHAREHOLDERS' FUNDS | 1,282 |  | 5,246 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 December 2024 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.

| Loclay Ltd (Registered number: SC552431) |

Balance Sheet - continued

30 December 2024

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 Board of Directors and authorised for issue on 10 March 2026 and were signed on its behalf by:

B C McLaughlin - Director

| Loclay Ltd (Registered number: SC552431) |

Notes to the Financial Statements

For The Period 1 January 2024 to 30 December 2024

1. | STATUTORY INFORMATION

| Loclay 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.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Fixtures and fittings | - | 15% on reducing balance

| Computer equipment | - | 20% on cost

| Financial instruments

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Creditors

| Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Cash and Bank Balances

| Cash and bank balances are measured at the transaction price.

| Taxation

| Taxation for the period 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 period 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.

| Loclay Ltd (Registered number: SC552431) |

Notes to the Financial Statements - continued

For The Period 1 January 2024 to 30 December 2024

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 2 (2023 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024

| and 30 December 2024 | 1,331 |  | 829 |  | 2,160 |  |

| DEPRECIATION

| At 1 January 2024 | 821 |  | 829 |  | 1,650 |  |

| Charge for period | 76 |  | - |  | 76 |  |

| At 30 December 2024 | 897 |  | 829 |  | 1,726 |  |

| NET BOOK VALUE

| At 30 December 2024 | 434 |  | - |  | 434 |  |

| At 31 December 2023 | 510 |  | - |  | 510 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.12.24 |  | 31.12.23

£ | £ |

| Other debtors | 1,349 |  | 5,536 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.12.24 |  | 31.12.23

£ | £ |

| Other creditors | 501 |  | 721 |  |

7. | PROVISIONS FOR LIABILITIES

| 30.12.24 |  | 31.12.23

£ | £ |

| Deferred tax | - |  | 99 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2024 | 99 |  |

| Provided during period | (99 | ) |

| Balance at 30 December 2024 | - |  |

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Loclay Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Loclay Ltd for the period ended 30 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Loclay Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Loclay Ltd and state those matters that we have agreed to state to the Board of Directors of Loclay Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Loclay Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Loclay Ltd. You consider that Loclay Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Loclay Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

10 March 2026