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REGISTERED NUMBER: 10790788 (England and Wales)















LOWE SURVEYORS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024






LOWE SURVEYORS LIMITED (REGISTERED NUMBER: 10790788)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOWE SURVEYORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: I Lowe
R G Elliott
Mrs R E S W Lowe





REGISTERED OFFICE: 7 Greenfield Road
Stafford
Staffordshire
ST17 0PU





REGISTERED NUMBER: 10790788 (England and Wales)

LOWE SURVEYORS LIMITED (REGISTERED NUMBER: 10790788)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 11,211 14,487
Investment property 5 28,584 -
39,795 14,487

CURRENT ASSETS
Debtors 6 33,853 59,424
Cash at bank 86,308 124,070
120,161 183,494
CREDITORS
Amounts falling due within one year 7 (67,948 ) (79,762 )
NET CURRENT ASSETS 52,213 103,732
TOTAL ASSETS LESS CURRENT LIABILITIES 92,008 118,219

PROVISIONS FOR LIABILITIES (2,691 ) (3,622 )
NET ASSETS 89,317 114,597

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 89,117 114,397
SHAREHOLDERS' FUNDS 89,317 114,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

LOWE SURVEYORS LIMITED (REGISTERED NUMBER: 10790788)

BALANCE SHEET - continued
29 FEBRUARY 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 Profit and Loss Account 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:





I Lowe - Director


LOWE SURVEYORS LIMITED (REGISTERED NUMBER: 10790788)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Lowe Surveyors 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the provision of financial advice and financial planning is recognised by reference to the stage of completion at the balance sheet date.

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 - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 Profit and Loss Account, 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.


LOWE SURVEYORS LIMITED (REGISTERED NUMBER: 10790788)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 25,102
Additions 903
At 29 February 2024 26,005
DEPRECIATION
At 1 March 2023 10,615
Charge for year 4,179
At 29 February 2024 14,794
NET BOOK VALUE
At 29 February 2024 11,211
At 28 February 2023 14,487

LOWE SURVEYORS LIMITED (REGISTERED NUMBER: 10790788)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 28,584
At 29 February 2024 28,584
NET BOOK VALUE
At 29 February 2024 28,584

Fair value at 29 February 2024 is represented by:
£   
Cost 28,584

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,914 46,295
Other debtors 2,094 1,364
Directors' current accounts - 121
Prepayments and accrued income 11,845 11,644
33,853 59,424

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 33,601 44,224
Social security and other taxes - 667
VAT 21,184 18,374
Other creditors - 3,892
Directors' current accounts 11,448 10,969
Accruals and deferred income 1,715 1,636
67,948 79,762

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 A Ordinary Shares £1 100 100
50 B Ordinary Shares £1 50 50
50 C Ordinary Shares £1 50 50
200 200

LOWE SURVEYORS LIMITED (REGISTERED NUMBER: 10790788)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


9. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £8,556 (2023 £4,278).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
R G Elliott
Balance outstanding at start of year 121 -
Amounts advanced - 121
Amounts repaid (121 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 121

The company has provided the loan interest free and is repayable on demand.