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Registration number: 10297975

Lyness Loseby Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 July 2025

Lyness Loseby Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 5

Lyness Loseby Limited

(Registration number: 10297975)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 3,679 | 1,815
Current assets |  |  |
Debtors | 6 | 14,070 | 5,672
Cash at bank and in hand |  | 13,465 | 10,429
|  | 27,535 | 16,101
Creditors: Amounts falling due within one year | 7 | (28,390) | (14,356)
Net current (liabilities)/assets |  | (855) | 1,745
Total assets less current liabilities |  | 2,824 | 3,560
Provisions for liabilities |  | (699) | (345)
Net assets |  | 2,125 | 3,215
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 2,025 | 3,115
Shareholders' funds |  | 2,125 | 3,215

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 22 April 2026

Mr I J Loseby Director |  |

Lyness Loseby Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the director on 22 April 2026.

2 | Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Lyness Loseby Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% straight line
Computer equipment | 25% straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 693 | 288

Lyness Loseby Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

5 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 August 2024 | 2,292 | 2,292
Additions | 2,557 | 2,557
At 31 July 2025 | 4,849 | 4,849
Depreciation
At 1 August 2024 | 477 | 477
Charge for the year | 693 | 693
At 31 July 2025 | 1,170 | 1,170
Carrying amount
At 31 July 2025 | 3,679 | 3,679
At 31 July 2024 | 1,815 | 1,815

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 13,668 | 5,405
Prepayments | 402 | 267
| 14,070 | 5,672

Lyness Loseby Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 3,563 | 5,770
Trade creditors |  | 14,641 | 2,169
Taxation and social security |  | 9,886 | 6,417
Accruals and deferred income |  | 300 | -
|  | 28,390 | 14,356

8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 3,563 | 5,770