The Loft Vintage & Antiques Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 14905527

		31 August 2025		31 August 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		30,942		8,428

			30,942		8,428
CURRENT ASSETS
Stocks	5	3,000		2,750
Debtors	6	827		-
Cash at bank and in hand		4,836		5,293

		8,663		8,043
Creditors: Amounts Falling Due Within One Year	7	(30,825 )		(22,185 )

NET CURRENT ASSETS (LIABILITIES)			(22,162 )		(14,142 )

TOTAL ASSETS LESS CURRENT LIABILITIES			8,780		(5,714 )

Creditors: Amounts Falling Due After More Than One Year	8		(15,987 )		-

NET LIABILITIES			(7,207 )		(5,714 )

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			(7,209 )		(5,716 )

SHAREHOLDERS' FUNDS			(7,207)		(5,714)

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The Loft Vintage & Antiques Ltd

Balance Sheet (continued)

As At 31 August 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr C Byrne

Director

19 May 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

The Loft Vintage & Antiques Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14905527 . The registered office is Brewery Street Shopping Centre, Brewery Street, Rugeley, WS15 2DY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

The directors continue to adopt the going concern basis of accounting in preparing financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	20% on cost
Fixtures & Fittings	20% on cost

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The Loft Vintage & Antiques Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 1)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 September 2024	-	10,634	10,634
Additions	26,400	-	26,400

As at 31 August 2025	26,400	10,634	37,034

Depreciation
As at 1 September 2024	-	2,206	2,206
Provided during the period	1,760	2,126	3,886

As at 31 August 2025	1,760	4,332	6,092

Net Book Value
As at 31 August 2025	24,640	6,302	30,942

As at 1 September 2024	-	8,428	8,428

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The Loft Vintage & Antiques Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

5. Stocks

	31 August 2025	31 August 2024
	£	£
Stock	3,000	2,750

6. Debtors

	31 August 2025	31 August 2024
	£	£
Due within one year
Prepayments and accrued income	88	-
Other debtors - Trade account	739	-

	827	-

7. Creditors: Amounts Falling Due Within One Year

	31 August 2025	31 August 2024
	£	£
Net obligations under finance lease and hire purchase contracts	4,360	-
Trade creditors	-	180
Net wages	-	115
Other creditors	19,065	10,580
Traders account	-	820
Accruals and deferred income	4,861	3,596
Directors' loan accounts	2,539	6,894

	30,825	22,185

8. Creditors: Amounts Falling Due After More Than One Year

	31 August 2025	31 August 2024
	£	£
Net obligations under finance lease and hire purchase contracts	15,987	-

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The Loft Vintage & Antiques Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

9. Obligations Under Finance Leases and Hire Purchase

	31 August 2025	31 August 2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	4,360	-
Later than one year and not later than five years	15,987	-

	20,347	-

	20,347	-

10. Share Capital

	31 August 2025	31 August 2024
Allotted, called up and fully paid	£	£
2 Ordinary Shares of £ 1.00 each	2	2

11. Related Party Transactions

Foregate Street Vintage Emporium Ltd

A company in which Mr Bottomer and Mr Byrne are also directors.

At the balance sheet date there is an oustanding loan payable to Foregate Street Vintage Emporium Ltd of £19,065 (2024: £10,580).

This is a company that is under common directorship.

12. Ultimate Controlling Party

The company's ultimate controlling party are Mr P Bottomer and Mr C Byrne by virtue of their ownership of 100% of the issued share capital in the company.

13. Going concern

Total liabilities exceed total assets however, the company is able to meet any liabilities that may fall due.

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