| Loughglynn Limited |
| Registered number: |
08468862 |
| Balance Sheet |
| as at 31 March 2022 |
|
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
3,267 |
|
|
3,267 |
|
| Current assets |
| Debtors |
5 |
|
232,512 |
|
|
32,177 |
| Cash at bank and in hand |
|
|
515,426 |
|
|
8,734 |
|
|
|
747,938 |
|
|
40,911 |
|
| Creditors: amounts falling due within one year |
6 |
|
(333,719) |
|
|
(21,759) |
|
| Net current assets |
|
|
|
414,219 |
|
|
19,152 |
|
| Total assets less current liabilities |
|
|
|
417,486 |
|
|
22,419 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
- |
|
|
(21,250) |
|
|
|
| Net assets |
|
|
|
417,486 |
|
|
1,169 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
417,386 |
|
|
1,069 |
|
| Shareholders' funds |
|
|
|
417,486 |
|
|
1,169 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| A Mee |
| Director |
| Approved by the board on 14 October 2022 |
|
| Loughglynn Limited |
| Notes to the Accounts |
| for the year ended 31 March 2022 |
|
|
| 1 |
Accounting policies |
|
|
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 April 2021 |
3,267 |
|
At 31 March 2022 |
3,267 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 31 March 2022 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2022 |
3,267 |
|
At 31 March 2021 |
3,267 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 April 2021 |
3,300 |
|
At 31 March 2022 |
3,300 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2021 |
3,300 |
|
At 31 March 2022 |
3,300 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2022 |
- |
|
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2022 |
|
2021 |
| £ |
£ |
|
|
Trade debtors |
232,512 |
|
13,840 |
|
Other debtors |
- |
|
18,337 |
|
|
|
|
|
|
232,512 |
|
32,177 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Trade creditors |
13,200 |
|
1,200 |
|
Corporation tax |
157,710 |
|
13,985 |
|
Other taxes and social security costs |
22,461 |
|
6,574 |
|
Other creditors |
140,348 |
|
- |
|
|
|
|
|
|
333,719 |
|
21,759 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Bank loans |
- |
|
21,250 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Loughglynn Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Lough Lynn |
|
Bunstrux |
|
Tring |
|
Hertfordshire |
|
HP23 4HT |
