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REGISTERED NUMBER: 09248805 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ACKROYD LOWRIE LIMITED

ACKROYD LOWRIE LIMITED (REGISTERED NUMBER: 09248805)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

ACKROYD LOWRIE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J Ackroyd
O Lowrie





REGISTERED OFFICE: The Old Vyner Street Gallery
21 Vyner Street
London
E2 9DG





REGISTERED NUMBER: 09248805 (England and Wales)





ACCOUNTANTS: LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG

ACKROYD LOWRIE LIMITED (REGISTERED NUMBER: 09248805)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 208,770 262,386
Investments 5 190,015 155,612
398,785 417,998

CURRENT ASSETS
Debtors 6 481,294 560,670
Cash at bank and in hand 3,300 60,577
484,594 621,247
CREDITORS
Amounts falling due within one year 7 316,993 347,458
NET CURRENT ASSETS 167,601 273,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

566,386

691,787

CREDITORS
Amounts falling due after more than one year 8 (71,360 ) (128,019 )

PROVISIONS FOR LIABILITIES (22,878 ) (22,878 )
NET ASSETS 472,148 540,890

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 472,146 540,888
SHAREHOLDERS' FUNDS 472,148 540,890

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

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

ACKROYD LOWRIE LIMITED (REGISTERED NUMBER: 09248805)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





J Ackroyd - Director


ACKROYD LOWRIE LIMITED (REGISTERED NUMBER: 09248805)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Ackroyd Lowrie 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 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.
Plant and machinery etc - 33% straight line, 33% on reducing balance and 10% straight line

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 19 (2022 - 19 ) .

ACKROYD LOWRIE LIMITED (REGISTERED NUMBER: 09248805)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 404,399
Additions 4,615
Disposals (3,173 )
At 31 December 2023 405,841
DEPRECIATION
At 1 January 2023 142,013
Charge for year 58,231
Eliminated on disposal (3,173 )
At 31 December 2023 197,071
NET BOOK VALUE
At 31 December 2023 208,770
At 31 December 2022 262,386

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 155,612
Additions 34,403
At 31 December 2023 190,015
NET BOOK VALUE
At 31 December 2023 190,015
At 31 December 2022 155,612

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 282,547 463,986
Amounts recoverable on contract 82,266 22,550
Other debtors 116,481 74,134
481,294 560,670

ACKROYD LOWRIE LIMITED (REGISTERED NUMBER: 09248805)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 24,078 22,153
Trade creditors 31,547 29,613
Taxation and social security 108,233 103,763
Other creditors 153,135 191,929
316,993 347,458

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 61,360 88,612
Other creditors 10,000 39,407
71,360 128,019

9. ULTIMATE CONTROLLING PARTY

No individual has ultimate control of the company.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ACKROYD LOWRIE 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Ackroyd Lowrie Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet 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 Ackroyd Lowrie 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 Ackroyd Lowrie Limited and state those matters that we have agreed to state to the Board of Directors of Ackroyd Lowrie 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 Ackroyd Lowrie 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 profit of Ackroyd Lowrie Limited. You consider that Ackroyd Lowrie 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 Ackroyd Lowrie 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.






LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG


1 October 2024