REGISTERED NUMBER: 04317225 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

LOOMAH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A J T Cotgrove

SECRETARY:

Ms N C Cotgrove

REGISTERED OFFICE:

C/O Galloways Accounting

The Mill Building

31-35 Chatsworth Road

Worthing

West Sussex

BN11 1LY

REGISTERED NUMBER:

04317225 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

2,584

3,744

CURRENT ASSETS

Stocks

5

76,000

52,500

Debtors

6

345,328

145,160

Cash at bank and in hand

649

141,070

421,977

338,730

CREDITORS

Amounts falling due within one year

7

361,170

97,219

NET CURRENT ASSETS

60,807

241,511

TOTAL ASSETS LESS CURRENT LIABILITIES

63,391

245,255

CREDITORS

Amounts falling due after more than one year

8

(73,122

)

(14,000

)

PROVISIONS FOR LIABILITIES

(491

)

(936

)

NET (LIABILITIES)/ASSETS

(10,222

)

230,319

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(10,224

)

230,317

(10,222

)

230,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 28 April 2026 and were signed by:

A J T Cotgrove - Director

1.	STATUTORY INFORMATION

Loomah Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets

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

Freehold Property - 10% on straight line

Plant & Machinery - 25% on straight line

Fixtures & Fittings - 25% on straight line

Computer Equipment - 25% straight

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

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

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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 7 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 March 2025

1,354

12,243

3,575

Additions

-

-

-

At 28 February 2026

1,354

12,243

3,575

DEPRECIATION

At 1 March 2025

1,354

12,243

2,843

Charge for year

-

-

206

At 28 February 2026

1,354

12,243

3,049

NET BOOK VALUE

At 28 February 2026

-

-

526

At 28 February 2025

-

-

732

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 March 2025

13,884

27,334

58,390

Additions

-

394

394

At 28 February 2026

13,884

27,728

58,784

DEPRECIATION

At 1 March 2025

13,881

24,325

54,646

Charge for year

3

1,345

1,554

At 28 February 2026

13,884

25,670

56,200

NET BOOK VALUE

At 28 February 2026

-

2,058

2,584

At 28 February 2025

3

3,009

3,744

5.

STOCKS

2026

2025

£

£

Stocks

76,000

52,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

113,167

48,171

Amounts owed by associates

2,210

1,790

Other debtors

77,491

11,667

Directors' loan accounts

90,605

25,636

Tax

48,010

6,291

VAT

-

2,668

Prepayments and accrued income

13,845

48,937

345,328

145,160

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

83,409

12,000

Trade creditors

62,519

43,948

Tax

44,143

-

Social security and other taxes

20,565

5,165

VAT

38,470

-

Other creditors

3,719

14,053

Accruals and deferred income

108,345

22,053

361,170

97,219

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

30,686

12,000

Bank loans - 2-5 years

42,436

2,000

73,122

14,000

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2026 and 28 February 2025:

2026

2025

£

£

A J T Cotgrove

Balance outstanding at start of year

25,636

50,131

Amounts advanced

68,227

70,566

Amounts repaid

(3,258

)

(95,061

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

90,605

25,636

This balance represented the maximum amount outstanding during the year. Interest is charged on any overdrawn amounts at the beneficial loan interests of 2.25% until 5 April 2025 and 3.75% from 6 April 2025.

10.	RELATED PARTY DISCLOSURES

As at the year-end date, Loomah Carpets 2009 Limited owed the company £2,210 (2025: £1,790). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A J T Cotgrove & Ms N C Cotgrove.

This was by virtue of their 100% holding of the issued share capital.

12.	GOING CONCERN

The director acknowledges the net liability position the company reports, and after reviewing forecasts for the next twelve months believes the company will continue to be a going concern, and will be able to meet its financial obligations as they fall due.