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REGISTERED NUMBER: 04988196 (England and Wales)















LOWRY INDUSTRIES LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






LOWRY INDUSTRIES LIMITED (REGISTERED NUMBER: 04988196)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


LOWRY INDUSTRIES LIMITED

Company Information
for the year ended 31 March 2024







Directors: C Carberry
R Carberry



Secretary: A Howlett



Registered office: Ysgubor Celyn
Llanarmon Mynydd Mawr
Llanrhaeadr Ym Mochnant
Powys
SY10 0EB



Registered number: 04988196 (England and Wales)



Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX



Accountants: Haines Watts Birmingham LLP
5-6 Greenfield Crescent
Edgbaston
Birmingham
B15 3BE

LOWRY INDUSTRIES LIMITED (REGISTERED NUMBER: 04988196)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 310 414

Current assets
Stocks 7,173 7,361
Debtors 6 12,695 12,477
Cash at bank 445 444
20,313 20,282
Creditors
Amounts falling due within one year 7 108,874 105,425
Net current liabilities (88,561 ) (85,143 )
Total assets less current liabilities (88,251 ) (84,729 )

Capital and reserves
Called up share capital 8 100 100
Retained earnings 9 (88,351 ) (84,829 )
Shareholders' funds (88,251 ) (84,729 )

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 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.

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:





C Carberry - Director


LOWRY INDUSTRIES LIMITED (REGISTERED NUMBER: 04988196)

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

1. Statutory information

Lowry Industries 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents amounts receivable for goods and services provided during the year, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 33% on cost
Computer equipment - 25% on reducing balance

Fixed assets are initially recorded at cost less accumulated depreciation and any impairment losses.

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Investments
Investments comprise investments in unquoted shares and are stated at cost.

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.

4. Employees and directors

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

LOWRY INDUSTRIES LIMITED (REGISTERED NUMBER: 04988196)

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

5. Tangible fixed assets
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 April 2023
and 31 March 2024 1,360 9,925 11,285
Depreciation
At 1 April 2023 1,360 9,511 10,871
Charge for year - 104 104
At 31 March 2024 1,360 9,615 10,975
Net book value
At 31 March 2024 - 310 310
At 31 March 2023 - 414 414

6. Debtors: amounts falling due within one year
2024 2023
£    £   
VAT 218 -
Deferred tax asset
Accelerated capital allowances 12,477 12,477
12,695 12,477

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Taxation and social security 887 1,023
Other creditors 107,987 104,402
108,874 105,425

8. Called up share capital

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

9. Reserves
Retained
earnings
£   

At 1 April 2023 (84,829 )
Deficit for the year (3,522 )
At 31 March 2024 (88,351 )

LOWRY INDUSTRIES LIMITED (REGISTERED NUMBER: 04988196)

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

10. Related party disclosures

The company was under the control of Mr C Carberry throughout the current year.

At the year end, there was an amount of £24,980 (2023: £28,635) due from the company to Mr C Carberry by way of a directors loan account. This amount is included in other creditors.

During the year, income of £0 (2023: £9,502) was received from Automated Technology Europe Limited, a company in which Mr C Carberry is also a director and shareholder.

At the year end there was a balance in other creditors of £60,139 (2023: £59,739) due to Automated Technology Europe Limited.