1 July 2022 false No description of principal activity Taxfiler 2023.10 SC269482business:PrivateLimitedCompanyLtd2022-07-012023-06-30 SC2694822022-06-30 SC2694822022-07-012023-06-30 SC269482business:AuditExemptWithAccountantsReport2022-07-012023-06-30 SC269482business:FilletedAccounts2022-07-012023-06-30 SC2694822023-06-30 SC269482business:Director12022-07-012023-06-30 SC269482business:Director22022-07-012023-06-30 SC269482business:CompanySecretary12022-07-012023-06-30 SC269482business:RegisteredOffice2022-07-012023-06-30 SC2694822022-06-30 SC269482core:WithinOneYear2023-06-30 SC269482core:WithinOneYear2022-06-30 SC269482core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 SC269482core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 SC269482core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 SC269482core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 SC269482core:PreviouslyStatedAmount2023-06-30 SC269482core:PreviouslyStatedAmount2022-06-30 SC269482business:SmallEntities2022-07-012023-06-30 SC269482countries:Scotland2022-07-012023-06-30 SC269482core:PlantMachinery2022-07-012023-06-30 SC269482core:MotorVehicles2022-07-012023-06-30 SC269482core:PlantMachinery2022-06-30 SC269482core:PlantMachinery2023-06-30 SC269482business:OrdinaryShareClass12022-07-012023-06-30 SC269482business:OrdinaryShareClass12021-07-012022-06-30 SC2694822021-07-012022-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC269482 (Scotland)
J & D Lowrie Limited Unaudited accounts for the year ended 30 June 2023
J & D Lowrie Limited Unaudited accounts Contents
Page
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J & D Lowrie Limited Company Information for the year ended 30 June 2023
Directors
Mr David Lowrie Mrs Dorothy Lowrie
Secretary
Mrs Dorothy Lowrie
Company Number
SC269482 (Scotland)
Registered Office
45 Wardlaw Street Coalsnaughton Clackmannanshire FK13 6LE
Accountants
Caldwell Accountancy Services Alloa Business Centre Whins Road Alloa Clackmannanshire FK10 3SA
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J & D Lowrie Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,343 
3,133 
Current assets
Inventories
2,341 
6,960 
Debtors
451 
472 
Cash at bank and in hand
8,701 
1,616 
11,493 
9,048 
Creditors: amounts falling due within one year
(9,842)
(10,709)
Net current assets/(liabilities)
1,651 
(1,661)
Total assets less current liabilities
2,994 
1,472 
Provisions for liabilities
Deferred tax
(419)
(241)
Net assets
2,575 
1,231 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
1,575 
231 
Shareholders' funds
2,575 
1,231 
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by
Mr David Lowrie Director Company Registration No. SC269482
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J & D Lowrie Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
J & D Lowrie Limited is a private company, limited by shares, registered in Scotland, registration number SC269482. The registered office is 45 Wardlaw Street, Coalsnaughton, Clackmannanshire, FK13 6LE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Motor vehicles
25% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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J & D Lowrie Limited Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2022
13,196 
At 30 June 2023
13,196 
Depreciation
At 1 July 2022
10,063 
Charge for the year
1,790 
At 30 June 2023
11,853 
Net book value
At 30 June 2023
1,343 
At 30 June 2022
3,133 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
451 
472 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
616 
702 
Taxes and social security
1,292 
893 
Loans from directors
6,884 
8,064 
Accruals
1,050 
1,050 
9,842 
10,709 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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