Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05500120 Mr Carl Lowe Mr Trevor Lowe Mr Trevor Lowe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05500120 2023-03-31 05500120 2024-03-31 05500120 2023-04-01 2024-03-31 05500120 frs-core:CurrentFinancialInstruments 2024-03-31 05500120 frs-core:Non-currentFinancialInstruments 2024-03-31 05500120 frs-core:FurnitureFittings 2024-03-31 05500120 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05500120 frs-core:FurnitureFittings 2023-03-31 05500120 frs-core:MotorVehicles 2024-03-31 05500120 frs-core:MotorVehicles 2023-04-01 2024-03-31 05500120 frs-core:MotorVehicles 2023-03-31 05500120 frs-core:PlantMachinery 2024-03-31 05500120 frs-core:PlantMachinery 2023-04-01 2024-03-31 05500120 frs-core:PlantMachinery 2023-03-31 05500120 frs-core:ShareCapital 2024-03-31 05500120 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05500120 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05500120 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05500120 frs-bus:SmallEntities 2023-04-01 2024-03-31 05500120 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05500120 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05500120 frs-bus:Director1 2023-04-01 2024-03-31 05500120 frs-bus:Director2 2023-04-01 2024-03-31 05500120 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05500120 frs-countries:EnglandWales 2023-04-01 2024-03-31 05500120 2022-03-31 05500120 2023-03-31 05500120 2022-04-01 2023-03-31 05500120 frs-core:CurrentFinancialInstruments 2023-03-31 05500120 frs-core:Non-currentFinancialInstruments 2023-03-31 05500120 frs-core:ShareCapital 2023-03-31 05500120 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05500120
Lowe Brickwork Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05500120
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,990 3,738
2,990 3,738
CURRENT ASSETS
Debtors 5 13,660 14,531
Cash at bank and in hand 43,488 30,172
57,148 44,703
Creditors: Amounts Falling Due Within One Year 6 (39,809 ) (31,140 )
NET CURRENT ASSETS (LIABILITIES) 17,339 13,563
TOTAL ASSETS LESS CURRENT LIABILITIES 20,329 17,301
Creditors: Amounts Falling Due After More Than One Year 7 (8,522 ) (15,826 )
NET ASSETS 11,807 1,475
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 11,805 1,473
SHAREHOLDERS' FUNDS 11,807 1,475
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For the year ending 31 March 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Carl Lowe
Director
29 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Lowe Brickwork Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05500120 . The registered office is 86 Broadleas Park, Devizes, SN10 5JG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20%
Motor Vehicles 20%
Office Equipment 20%
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Office Equipment Total
£ £ £ £
Cost
As at 1 April 2023 2,400 16,347 129 18,876
As at 31 March 2024 2,400 16,347 129 18,876
Depreciation
As at 1 April 2023 1,927 13,132 79 15,138
Provided during the period 95 643 10 748
As at 31 March 2024 2,022 13,775 89 15,886
Net Book Value
As at 31 March 2024 378 2,572 40 2,990
As at 1 April 2023 473 3,215 50 3,738
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5. Debtors
2024 2023
£ £
Due within one year
Other debtors 13,660 14,531
13,660 14,531
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,462 1,441
Bank loans and overdrafts 7,304 7,304
Other creditors 9,076 8,776
Taxation and social security 21,967 13,619
39,809 31,140
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,522 15,826
8,522 15,826
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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