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Registered number: 07191225

Andrew Lowden Plant & Agricultural Repairs Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Andrew Lowden Plant & Agricultural Repairs Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
A N Lowden
SECRETARY
Mrs D Lowden
REGISTERED OFFICE
31 Castlegate Drive
Cockermouth
Cumbria
CA13 9HD
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07191225
BANKERS
The Cumberland Building Society
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Andrew Lowden Plant & Agricultural Repairs Limited

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Andrew Lowden Plant & Agricultural Repairs Limited

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets26,7278,777
CURRENT ASSETS
Stock2,0003,133
Debtors320,59825,080
Cash at bank and in hand10,70619,066
33,30447,279
CREDITORS: Amounts falling due within one year429,64646,558
NET CURRENT ASSETS3,658721
TOTAL ASSETS LESS CURRENT LIABILITIES10,3859,498
PROVISIONS FOR LIABILITIES AND CHARGES1,2781,668
NET ASSETS9,1077,830
CAPITAL AND RESERVES
Called up share capital1010
Profit and loss account9,0977,820
SHAREHOLDERS' FUNDS9,1077,830
For the year ending 31/03/2023 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 07/11/2023 and signed on their behalf by
.............................
A N Lowden
Director

Andrew Lowden Plant & Agricultural Repairs Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 20%
Fixtures and Fittingsreducing balance 20%
Motor Carsreducing balance 25%
1c. Stocks
Stock and work in progress are valued at the lower of cost and net estimated selling price less selling costs. The cost of raw material stock is based on the weighted average purchase price. For work in progress, cost is taken as the production cost which includes an appropriate proportion of attributable overheads.
1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Turnover is recognised upon the despatch of goods and upon the provision of services.

Andrew Lowden Plant & Agricultural Repairs Limited

2. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsMotor CarsTotal
££££
Cost
At 01/04/202212,9122,73513,99529,642
At 31/03/202312,9122,73513,99529,642
Depreciation
At 01/04/202210,7702,0048,09120,865
For the year4281461,4762,050
At 31/03/202311,1982,1509,56722,915
Net Book Amounts
At 31/03/20231,7145854,4286,727
At 31/03/20222,1427315,9048,777
3. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors20,59825,080
20,59825,080
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax2,5803,767
VAT5,0295,292
Other tax and social security creditors4444
Directors current account16,68620,717
Hire purchase-1,667
Trade creditors4,58214,346
Accruals725725
29,64646,558

Andrew Lowden Plant & Agricultural Repairs Limited

5. SECURED CREDITORS
20232022
££
Amount of other creditors which are secured-1,667
Hire purchase creditors are secured on the assets to which the liabilities relate.
6. EMPLOYEES
20232022
No.No.
Average number of employees11
7. RELATED PARTY TRANSACTIONS
A salary of £9,096 (2022 - £8,844) was paid to the director during the year.
Dividends of £8,000 were paid to the director and to members holding a participating interest of (2022 - £8,000).
At the balance sheet date a loan of £16,686 (2022 - £20,717) was owed by the company to the director. The loan is interest free, unsecured and repayable on demand.
8. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 07191225.
The company's registered office is 31, Castlegate Drive, Cockermouth, Cumbria CA13 9HD.