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REGISTERED NUMBER: 03907681 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

WILLIAM LOWDEN & ASSOCIATES LIMITED

WILLIAM LOWDEN & ASSOCIATES LIMITED (REGISTERED NUMBER: 03907681)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WILLIAM LOWDEN & ASSOCIATES LIMITED

COMPANY INFORMATION
for the Year Ended 30 JUNE 2024







DIRECTORS: Mr W E Aitken
Miss R E Wright





REGISTERED OFFICE: The Old Coach House
Cranes Close
Turvey
Bedfordshire
MK43 8EN





REGISTERED NUMBER: 03907681 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

WILLIAM LOWDEN & ASSOCIATES LIMITED (REGISTERED NUMBER: 03907681)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,900 17,551

CURRENT ASSETS
Debtors 5 85,558 81,908
Cash at bank and in hand 232,132 299,536
317,690 381,444
CREDITORS
Amounts falling due within one year 6 125,472 123,455
NET CURRENT ASSETS 192,218 257,989
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,118

275,540

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 210,118 265,540
SHAREHOLDERS' FUNDS 220,118 275,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 31 July 2024 and were signed on its behalf by:





Mr W E Aitken - Director


WILLIAM LOWDEN & ASSOCIATES LIMITED (REGISTERED NUMBER: 03907681)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024

1. STATUTORY INFORMATION

William Lowden & Associates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 fees and commissions. In producing annual accounts, it is not practical to match revenue earned with associated costs and therefore the following basis are adopted:

i) Commissions earned are bought into credit when received and are adjusted for debtors.
ii) Fees earned are bought into credit when invoiced.
iii) Costs are written off as incurred.

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 15% Reducing balance
Computer equipment - 33% Reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

WILLIAM LOWDEN & ASSOCIATES LIMITED (REGISTERED NUMBER: 03907681)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024

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 14 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 23,185 27,045 50,230
Additions 13,504 3,797 17,301
At 30 June 2024 36,689 30,842 67,531
DEPRECIATION
At 1 July 2023 11,415 21,264 32,679
Charge for year 3,791 3,161 6,952
At 30 June 2024 15,206 24,425 39,631
NET BOOK VALUE
At 30 June 2024 21,483 6,417 27,900
At 30 June 2023 11,770 5,781 17,551

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,784 14,765
Other debtors 60,000 60,000
Prepayments and accrued income 6,774 7,143
85,558 81,908

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,378 2,824
Corporation tax 26,647 25,316
Taxation and social security 1,627 9,021
Other creditors 40,904 47,362
Directors' loan accounts 48,245 32,807
Accrued expenses 6,671 6,125
125,472 123,455

WILLIAM LOWDEN & ASSOCIATES LIMITED (REGISTERED NUMBER: 03907681)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 6,240 6,240
Between one and five years 6,240 12,480
12,480 18,720