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REGISTERED NUMBER: 04346907 (England and Wales)














LOWRIE BROTHERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






LOWRIE BROTHERS LIMITED (REGISTERED NUMBER: 04346907)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


LOWRIE BROTHERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr B E Lowrie
Mr J D Lowrie





SECRETARY: Mrs H Lowrie





REGISTERED OFFICE: 82 High Street
Tenterden
Kent
TN30 6JG





REGISTERED NUMBER: 04346907 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG

LOWRIE BROTHERS LIMITED (REGISTERED NUMBER: 04346907)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,952 53,232

CURRENT ASSETS
Stocks 204,700 282,437
Debtors 5 113,016 174,135
Cash at bank and in hand 689,749 703,398
1,007,465 1,159,970
CREDITORS
Amounts falling due within one year 6 157,456 263,654
NET CURRENT ASSETS 850,009 896,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

918,961

949,548

PROVISIONS FOR LIABILITIES 9,433 5,004
NET ASSETS 909,528 944,544

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 909,526 944,542
SHAREHOLDERS' FUNDS 909,528 944,544

The company is entitled to exemption from audit under Section 480 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 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.

LOWRIE BROTHERS LIMITED (REGISTERED NUMBER: 04346907)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:





Mr J D Lowrie - Director


LOWRIE BROTHERS LIMITED (REGISTERED NUMBER: 04346907)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Lowrie Brothers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and unit rentals, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 8 (2023 - 9 ) .

LOWRIE BROTHERS LIMITED (REGISTERED NUMBER: 04346907)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 April 2023 119,637 184,570 304,207
Additions - 35,161 35,161
Disposals - (18,616 ) (18,616 )
At 31 March 2024 119,637 201,115 320,752
DEPRECIATION
At 1 April 2023 91,657 159,318 250,975
Charge for year 4,197 15,057 19,254
Eliminated on disposal - (18,429 ) (18,429 )
At 31 March 2024 95,854 155,946 251,800
NET BOOK VALUE
At 31 March 2024 23,783 45,169 68,952
At 31 March 2023 27,980 25,252 53,232

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 62,457 134,070
Other debtors 50,559 40,065
113,016 174,135

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 9,000
Trade creditors 70,209 99,639
Taxation and social security 17,168 85,038
Other creditors 70,079 69,977
157,456 263,654

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2