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REGISTERED NUMBER: 10471904 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 March 2024

for

LOWDE LOGISTICS LTD

LOWDE LOGISTICS LTD (REGISTERED NUMBER: 10471904)






Contents of the Financial Statements
for the year ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOWDE LOGISTICS LTD

Company Information
for the year ended 31 MARCH 2024







DIRECTOR: A Lowde





REGISTERED OFFICE: 13 Daisy Close
Corby
Northamptonshire
NN18 8LD





REGISTERED NUMBER: 10471904 (England and Wales)





ACCOUNTANT: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

LOWDE LOGISTICS LTD (REGISTERED NUMBER: 10471904)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,176 82,750

CURRENT ASSETS
Debtors 5 143,885 96,877
Cash at bank - 3,561
143,885 100,438
CREDITORS
Amounts falling due within one year 6 156,577 140,960
NET CURRENT LIABILITIES (12,692 ) (40,522 )
TOTAL ASSETS LESS CURRENT LIABILITIES 44,484 42,228

CREDITORS
Amounts falling due after more than one
year

7

(26,624

)

(33,495

)

PROVISIONS FOR LIABILITIES - (1,781 )
NET ASSETS 17,860 6,952

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 17,760 6,852
SHAREHOLDERS' FUNDS 17,860 6,952

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LOWDE LOGISTICS LTD (REGISTERED NUMBER: 10471904)

Balance Sheet - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 August 2024 and were signed by:





A Lowde - Director


LOWDE LOGISTICS LTD (REGISTERED NUMBER: 10471904)

Notes to the Financial Statements
for the year ended 31 MARCH 2024

1. STATUTORY INFORMATION

Lowde Logistics 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

The average number of employees during the year was 4 (2023 - 4 ) .

LOWDE LOGISTICS LTD (REGISTERED NUMBER: 10471904)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 164,700 1,286 165,986
Additions 59,750 749 60,499
Disposals (77,500 ) - (77,500 )
At 31 March 2024 146,950 2,035 148,985
DEPRECIATION
At 1 April 2023 81,950 1,286 83,236
Charge for year 54,739 21 54,760
Eliminated on disposal (46,187 ) - (46,187 )
At 31 March 2024 90,502 1,307 91,809
NET BOOK VALUE
At 31 March 2024 56,448 728 57,176
At 31 March 2023 82,750 - 82,750

The net book value of tangible fixed assets includes £ 21,074 (2023 - £ 53,254 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 75,942 64,591
Other debtors 67,943 32,286
143,885 96,877

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,106 7,000
Hire purchase contracts 12,022 11,238
Trade creditors 1,238 1,304
Taxation and social security 96,461 96,919
Other creditors 35,750 24,499
156,577 140,960

LOWDE LOGISTICS LTD (REGISTERED NUMBER: 10471904)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,902 15,168
Hire purchase contracts 6,305 18,327
Other creditors 8,417 -
26,624 33,495

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 18,327 29,565

The hire purchase loans are secured on the vehicle to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
65 Ordinary A 1 65 65
35 Ordinary B 1 35 35
100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
A Lowde
Balance outstanding at start of year (676 ) (22 )
Amounts advanced 64,235 49,968
Amounts repaid (36,324 ) (50,622 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,235 (676 )

The interest charged on overdrawn Directors Loan was charged at the HMRC Official Rate (2%).