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Company Registration No. 12350190 (England and Wales)
L C Low Ltd Filleted accounts for the year ended 31 December 2023
L C Low Ltd Filleted accounts Contents
Page
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L C Low Ltd Company Information for the year ended 31 December 2023
Director
Li Chun Low
Company Number
12350190 (England and Wales)
Registered Office
2 Ayrsome Road London N16 0RD
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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L C Low Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
68,510 
37,699 
Creditors: amounts falling due within one year
(16,229)
(10,626)
Net current assets
52,281 
27,073 
Net assets
52,281 
27,073 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
52,278 
27,070 
Shareholders' funds
52,281 
27,073 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 September 2024 and were signed on its behalf by
Li Chun Low Director Company Registration No. 12350190
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L C Low Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
L C Low Ltd is a private company, limited by shares, registered in England and Wales, registration number 12350190. The registered office is 2 Ayrsome Road, London, N16 0RD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
15,288 
9,710 
Accruals
941 
916 
16,229 
10,626 
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 A Ordinary shares of £1 each
1 
1 
1 B Ordinary shares of £1 each
1 
1 
1 C Ordinary shares of £1 each
1 
1 
3 
3 
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L C Low Ltd Notes to the Accounts for the year ended 31 December 2023
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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