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REGISTERED NUMBER: 05041081 (England and Wales)















N S Lowe (Electrical Contractors)
Limited

Unaudited Financial Statements for the Year Ended 31 May 2023






N S Lowe (Electrical Contractors)
Limited (Registered number: 05041081)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


N S Lowe (Electrical Contractors)
Limited

Company Information
for the Year Ended 31 May 2023







Directors: N S Lowe
G M Lowe





Secretary: G M Lowe





Registered office: 4 Hackney Close
Radcliffe
Lancashire
M26 4UG





Registered number: 05041081 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
N S Lowe (Electrical Contractors)
Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of N S Lowe (Electrical Contractors) Limited for the year ended 31 May 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of N S Lowe (Electrical Contractors) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of N S Lowe (Electrical Contractors) Limited and state those matters that we have agreed to state to the Board of Directors of N S Lowe (Electrical Contractors) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that N S Lowe (Electrical Contractors) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of N S Lowe (Electrical Contractors) Limited. You consider that N S Lowe (Electrical Contractors) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of N S Lowe (Electrical Contractors) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY


22 February 2024

N S Lowe (Electrical Contractors)
Limited (Registered number: 05041081)

Statement of Financial Position
31 May 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 36,000 40,000
Tangible assets 5 108 135
36,108 40,135

Current assets
Stocks 950 1,000
Debtors 6 5,097 3,591
6,047 4,591
Creditors
Amounts falling due within one year 7 58,255 44,051
Net current liabilities (52,208 ) (39,460 )
Total assets less current liabilities (16,100 ) 675

Creditors
Amounts falling due after more than
one year

8

3,385

4,835
Net liabilities (19,485 ) (4,160 )

Capital and reserves
Called up share capital 10 100 100
Retained earnings (19,585 ) (4,260 )
Shareholders' funds (19,485 ) (4,160 )

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

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

N S Lowe (Electrical Contractors)
Limited (Registered number: 05041081)

Statement of Financial Position - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by:





N S Lowe - Director


N S Lowe (Electrical Contractors)
Limited (Registered number: 05041081)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. Statutory information

N S Lowe (Electrical Contractors) 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 represents the total invoice value, excluding value added tax, of electrical contracting services provided by the company during the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stocks are measured at estimated cost.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.


N S Lowe (Electrical Contractors)
Limited (Registered number: 05041081)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. Accounting policies - continued
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 June 2022
and 31 May 2023 40,000
Amortisation
Amortisation for year 4,000
At 31 May 2023 4,000
Net book value
At 31 May 2023 36,000
At 31 May 2022 40,000

N S Lowe (Electrical Contractors)
Limited (Registered number: 05041081)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. Tangible fixed assets
Motor
vehicles
£   
Cost
At 1 June 2022
and 31 May 2023 1,800
Depreciation
At 1 June 2022 1,665
Charge for year 27
At 31 May 2023 1,692
Net book value
At 31 May 2023 108
At 31 May 2022 135

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 4,496 3,410
Other debtors 601 181
5,097 3,591

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 10,170 8,526
Trade creditors 4,167 4,954
Taxation and social security 67 1,080
Other creditors 43,851 29,491
58,255 44,051

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 3,385 4,835

N S Lowe (Electrical Contractors)
Limited (Registered number: 05041081)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 3,659 2,440

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100