REGISTERED NUMBER: NI657913 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Loughshore Bathrooms Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

A Boyce

REGISTERED OFFICE:

Parkview House

67 Tandragee Road

Gilford

Co. Armagh

BT63 6HP

REGISTERED NUMBER:

NI657913 (Northern Ireland)

ACCOUNTANTS:

Drake Wells Stewart Limited

Chartered Accountants

1st Floor

34 B-D Main Street

Moira

Armagh

BT67 0LE

FIXED ASSETS

Tangible assets

4

132,680

183,188

CURRENT ASSETS

Stocks

305,013

314,395

Debtors

5

572,772

580,956

Cash at bank

690,490

433,419

1,568,275

1,328,770

CREDITORS

Amounts falling due within one year

6

620,996

525,253

NET CURRENT ASSETS

947,279

803,517

TOTAL ASSETS LESS CURRENT LIABILITIES

1,079,959

986,705

CREDITORS

Amounts falling due after more than one year

7

(47,772

)

(99,690

)

PROVISIONS FOR LIABILITIES

(33,170

)

(45,797

)

NET ASSETS

999,017

841,218

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

998,917

841,118

999,017

841,218

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 May 2026 and were signed by:

A Boyce - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on Reducing Balance

Motor vehicles

-

25% on Reducing Balance

Computer equipment

-

25% on Reducing Balance

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments

Debtors and creditors receivable/payable within one year

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 ar 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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

27,399

-

258,150

3,020

288,569

Additions

-

10,907

-

1,782

12,689

Disposals

-

-

(47,950

)

-

(47,950

)

At 31 December 2025

27,399

10,907

210,200

4,802

253,308

DEPRECIATION

At 1 January 2025

15,779

-

87,510

2,092

105,381

Charge for year

2,905

1,193

37,344

484

41,926

Eliminated on disposal

-

-

(26,679

)

-

(26,679

)

At 31 December 2025

18,684

1,193

98,175

2,576

120,628

NET BOOK VALUE

At 31 December 2025

8,715

9,714

112,025

2,226

132,680

At 31 December 2024

11,620

-

170,640

928

183,188

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2025

211,600

Disposals

(26,200

)

At 31 December 2025

185,400

DEPRECIATION

At 1 January 2025

53,312

Charge for year

36,119

Eliminated on disposal

(12,384

)

At 31 December 2025

77,047

NET BOOK VALUE

At 31 December 2025

108,353

At 31 December 2024

158,288

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

566,789

578,354

Prepayments

5,983

2,602

572,772

580,956

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

4,167

10,000

Hire purchase contracts

49,001

37,545

Trade creditors

244,495

230,394

Taxation and social security

204,713

128,794

Other creditors

118,620

118,520

620,996

525,253

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

4,167

Hire purchase contracts

47,772

95,523

47,772

99,690