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REGISTERED NUMBER: 04680983 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Louw Services Ltd

Louw Services Ltd (Registered number: 04680983)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Louw Services Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs E Louw
Miss J Louw





SECRETARY:





REGISTERED OFFICE: Flat 4, Ellesmere House
1 Sandwich Road
Eccles
Manchester





REGISTERED NUMBER: 04680983 (England and Wales)





ACCOUNTANTS: Robbins
176 Monton Road
Monton
Greater Manchester
M30 9GA

Louw Services Ltd (Registered number: 04680983)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,966 3,647
Investment property 5 910,000 920,000
912,966 923,647

CURRENT ASSETS
Debtors 6 384 384
Cash at bank 69,057 68,810
69,441 69,194
CREDITORS
Amounts falling due within one year 7 6,365 5,901
NET CURRENT ASSETS 63,076 63,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

976,042

986,940

PROVISIONS FOR LIABILITIES 45,570 47,600
NET ASSETS 930,472 939,340

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 930,372 939,240
930,472 939,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

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

Louw Services Ltd (Registered number: 04680983)

Balance Sheet - continued
31 May 2024


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 Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





Mrs E Louw - Director


Louw Services Ltd (Registered number: 04680983)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Louw Services Ltd 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 as modified by the revaluation of certain assets.

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 1 (2023 - 1 ) .

Louw Services Ltd (Registered number: 04680983)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 14,708
DEPRECIATION
At 1 June 2023 11,061
Charge for year 681
At 31 May 2024 11,742
NET BOOK VALUE
At 31 May 2024 2,966
At 31 May 2023 3,647

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 920,000
Revaluations (10,000 )
At 31 May 2024 910,000
NET BOOK VALUE
At 31 May 2024 910,000
At 31 May 2023 920,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2023 920,000
Valuation in 2024 (10,000 )
910,000

If investment property had not been revalued they would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 673,123 673,123

Investment property was valued on an open market basis on 31 May 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 384 384

Louw Services Ltd (Registered number: 04680983)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 3,702 3,328
Other creditors 2,663 2,573
6,365 5,901