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REGISTERED NUMBER: 10790788 (England and Wales)















LOWE SURVEYORS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023






LOWE SURVEYORS LIMITED (REGISTERED NUMBER: 10790788)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOWE SURVEYORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: I Lowe
R G Elliott
Mrs R E S W Lowe





REGISTERED OFFICE: 7 Greenfield Road
Stafford
Staffordshire
ST17 0PU





REGISTERED NUMBER: 10790788 (England and Wales)

LOWE SURVEYORS LIMITED (REGISTERED NUMBER: 10790788)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 14,487 2,413

CURRENT ASSETS
Debtors 5 59,424 30,286
Cash at bank 124,070 91,570
183,494 121,856
CREDITORS
Amounts falling due within one year 6 (79,762 ) (52,238 )
NET CURRENT ASSETS 103,732 69,618
TOTAL ASSETS LESS CURRENT LIABILITIES 118,219 72,031

PROVISIONS FOR LIABILITIES (3,622 ) (458 )
NET ASSETS 114,597 71,573

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 114,397 71,373
SHAREHOLDERS' FUNDS 114,597 71,573

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

LOWE SURVEYORS LIMITED (REGISTERED NUMBER: 10790788)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by:





I Lowe - Director


LOWE SURVEYORS LIMITED (REGISTERED NUMBER: 10790788)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Lowe Surveyors 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.

2. ACCOUNTING POLICIES

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

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the provision of financial advice and financial planning is recognised by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


LOWE SURVEYORS LIMITED (REGISTERED NUMBER: 10790788)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued
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
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.

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 are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

LOWE SURVEYORS LIMITED (REGISTERED NUMBER: 10790788)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 17,028
Additions 17,069
Disposals (8,995 )
At 28 February 2023 25,102
DEPRECIATION
At 1 March 2022 14,615
Charge for year 4,545
Eliminated on disposal (8,545 )
At 28 February 2023 10,615
NET BOOK VALUE
At 28 February 2023 14,487
At 28 February 2022 2,413

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 46,295 19,450
Other debtors 1,364 697
Directors' current accounts 121 -
Prepayments and accrued income 11,644 10,139
59,424 30,286

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 44,224 27,439
Social security and other taxes 667 1,019
VAT 18,374 13,455
Other creditors 3,892 6
Directors' current accounts 10,969 8,790
Accruals and deferred income 1,636 1,529
79,762 52,238

LOWE SURVEYORS LIMITED (REGISTERED NUMBER: 10790788)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 A Ordinary Shares £1 100 100
50 B Ordinary Shares £1 50 100
50 C Ordinary Shares £1 50 -
200 200

During the year, 50 B Ordinary shares were reclassified as C shares.

8. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £4,278 (2022 £12,834).

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
R G Elliott
Balance outstanding at start of year - -
Amounts advanced 121 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 121 -

The company has provided the loan interest free and is repayable on demand.