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REGISTERED NUMBER: 00505056 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

H.M.LOWE & SON LIMITED

H.M.LOWE & SON LIMITED (REGISTERED NUMBER: 00505056)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H.M.LOWE & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: D G Lowe





REGISTERED OFFICE: 476 Garrison Lane
Bordesley Green
Birmingham
B9 4NT





REGISTERED NUMBER: 00505056 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1&2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

H.M.LOWE & SON LIMITED (REGISTERED NUMBER: 00505056)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 271,087 283,522

CURRENT ASSETS
Stocks 154,563 164,039
Debtors 5 213,033 213,238
Cash at bank and in hand 85,157 5,124
452,753 382,401
CREDITORS
Amounts falling due within one year 6 241,631 224,817
NET CURRENT ASSETS 211,122 157,584
TOTAL ASSETS LESS CURRENT
LIABILITIES

482,209

441,106

CREDITORS
Amounts falling due after more than one
year

7

236,215

203,251
NET ASSETS 245,994 237,855

CAPITAL AND RESERVES
Called up share capital 9,004 9,004
Revaluation reserve 8 242,804 242,804
Retained earnings 8 (5,814 ) (13,953 )
245,994 237,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

H.M.LOWE & SON LIMITED (REGISTERED NUMBER: 00505056)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2023 and were signed by:





D G Lowe - Director


H.M.LOWE & SON LIMITED (REGISTERED NUMBER: 00505056)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

H.M.Lowe & Son 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 "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.
Freehold property - 2% on cost
Long leasehold - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 5% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

H.M.LOWE & SON LIMITED (REGISTERED NUMBER: 00505056)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 April 2022
and 31 March 2023 91,667 183,333 90,232
DEPRECIATION
At 1 April 2022 12,831 25,669 74,361
Charge for year 1,833 3,667 1,587
At 31 March 2023 14,664 29,336 75,948
NET BOOK VALUE
At 31 March 2023 77,003 153,997 14,284
At 31 March 2022 78,836 157,664 15,871

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 35,842 66,360 45,190 512,624
DEPRECIATION
At 1 April 2022 23,645 47,883 44,713 229,102
Charge for year 610 4,619 119 12,435
At 31 March 2023 24,255 52,502 44,832 241,537
NET BOOK VALUE
At 31 March 2023 11,587 13,858 358 271,087
At 31 March 2022 12,197 18,477 477 283,522

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 210,595 210,800
Prepayments 2,438 2,438
213,033 213,238

H.M.LOWE & SON LIMITED (REGISTERED NUMBER: 00505056)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 193,965 177,516
Social security and other taxes 6,960 5,913
Pension 1,113 1,246
VAT 27,780 25,597
Credit card 4,143 5,137
Accrued expenses 7,670 9,408
241,631 224,817

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 236,215 203,251

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2022 (13,953 ) 242,804 228,851
Profit for the year 8,139 8,139
At 31 March 2023 (5,814 ) 242,804 236,990