REGISTERED NUMBER: NI639819 (Northern Ireland)

L LOUGHRAN & SONS CONTRACTS LTD

Unaudited Financial Statements for the Year Ended 31 August 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Laurence Loughran

Martin Loughran

Laurence C Loughran

REGISTERED OFFICE:

56 Ballymoyle Road

Cookstown

Tyrone

BT80 0AP

REGISTERED NUMBER:

NI639819 (Northern Ireland)

ACCOUNTANTS:

Cooper Parry Advisory Limited

Unit 7 Dyehouse

Linen Green

Dungannon

Co. Tyrone

BT71 7HB

NON-CURRENT ASSETS

Property, plant and equipment

5

1,293,397

1,376,431

CURRENT ASSETS

Inventories

6

483,244

71,400

Receivables

7

726,942

333,730

Cash at bank

2,169,526

2,920,423

3,379,712

3,325,553

PAYABLES

Amounts falling due within one year

8

(1,232,788

)

(1,051,435

)

NET CURRENT ASSETS

2,146,924

2,274,118

TOTAL ASSETS LESS CURRENT LIABILITIES

3,440,321

3,650,549

PAYABLES

Amounts falling due after more than one year

9

(411,287

)

(532,733

)

PROVISIONS FOR LIABILITIES

(213,749

)

(213,749

)

NET ASSETS

2,815,285

2,904,067

CAPITAL AND RESERVES

Called up share capital

10

100

100

Revaluation reserve

11

209,854

209,854

Retained earnings

2,605,331

2,694,113

SHAREHOLDERS' FUNDS

2,815,285

2,904,067

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 August 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.

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 23 April 2026 and were signed on its behalf by:

Laurence Loughran - Director

1.	STATUTORY INFORMATION

L Loughran & Sons Contracts Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

Revenue

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

Property, plant and equipment

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

Freehold property

-

Nil

Plant and machinery

-

15% straight line

Fixtures and fittings

-

20% straight line

The carrying value of property, plant and equipment are reviews annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories

Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

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

Cash flow statement

The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 23 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 September 2024

91,802

2,559,218

2,551

2,653,571

Additions

-

272,387

-

272,387

Disposals

-

(28,525

)

-

(28,525

)

At 31 August 2025

91,802

2,803,080

2,551

2,897,433

DEPRECIATION

At 1 September 2024

-

1,276,778

362

1,277,140

Charge for year

-

327,213

510

327,723

Eliminated on disposal

-

(827

)

-

(827

)

At 31 August 2025

-

1,603,164

872

1,604,036

NET BOOK VALUE

At 31 August 2025

91,802

1,199,916

1,679

1,293,397

At 31 August 2024

91,802

1,282,440

2,189

1,376,431

6.	INVENTORIES

2025

2024

£

£

Work-in-progress

483,244

71,400

7.	RECEIVABLES

2025

2024

£

£

Trade receivables

458,074

160,372

Other receivables

268,868

173,358

726,942

333,730

8.

PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,333

28,141

Hire purchase contracts

294,715

361,998

Trade payables

569,120

457,372

Amounts owed to group undertakings

134,750

-

Taxation and social security

222,240

203,924

Other payables

3,630

-

1,232,788

1,051,435

9.

PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR

2025

2024

£

£

Bank loans

-

8,333

Hire purchase contracts

411,287

524,400

411,287

532,733

Hire purchase liabilities are secured on the assets to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

11.

RESERVES

Revaluation

reserve

£

At 1 September 2024

and 31 August 2025

209,854

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end there was an amount of £186,310 (2024 : £73,881) owed to the Company from the Director's.