REGISTERED NUMBER: |
N S Lowe (Electrical Contractors) |
Limited |
Unaudited Financial Statements for the Year Ended 31 May 2024 |
REGISTERED NUMBER: |
N S Lowe (Electrical Contractors) |
Limited |
Unaudited Financial Statements for the Year Ended 31 May 2024 |
N S Lowe (Electrical Contractors) |
Limited (Registered number: 05041081) |
Contents of the Financial Statements |
for the Year Ended 31 May 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
N S Lowe (Electrical Contractors) |
Limited |
Company Information |
for the Year Ended 31 May 2024 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
Craven House |
32 Lee Lane |
Horwich |
Bolton |
BL6 7BY |
N S Lowe (Electrical Contractors) |
Limited (Registered number: 05041081) |
Statement of Financial Position |
31 May 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
Tangible assets | 5 |
Current assets |
Stocks |
Debtors | 6 |
Creditors |
Amounts falling due within one year | 7 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Creditors |
Amounts falling due after more than one year |
8 |
Net liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital | 10 |
Retained earnings | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
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. |
N S Lowe (Electrical Contractors) |
Limited (Registered number: 05041081) |
Statement of Financial Position - continued |
31 May 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
N S Lowe (Electrical Contractors) |
Limited (Registered number: 05041081) |
Notes to the Financial Statements |
for the Year Ended 31 May 2024 |
1. | Statutory information |
N S Lowe (Electrical Contractors) Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover represents the total invoice value, excluding value added tax, of electrical contracting services provided by the company during the year. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Motor vehicles | - |
Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses. |
Stocks |
Stocks are measured at estimated cost. |
Financial instruments |
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings. |
N S Lowe (Electrical Contractors) |
Limited (Registered number: 05041081) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
2. | Accounting policies - continued |
Taxation |
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year. |
Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date. |
Going concern |
The company continues to rely upon the ongoing financial support of its creditors, particularly its bankers and directors to facilitate a continuation of its trading activity. The directors are therefore able to prepare the financial statements on the basis of the going concern concept. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 1 June 2023 |
and 31 May 2024 |
Amortisation |
At 1 June 2023 |
Amortisation for year |
At 31 May 2024 |
Net book value |
At 31 May 2024 |
At 31 May 2023 |
N S Lowe (Electrical Contractors) |
Limited (Registered number: 05041081) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
5. | Tangible fixed assets |
Motor |
vehicles |
£ |
Cost |
At 1 June 2023 |
and 31 May 2024 |
Depreciation |
At 1 June 2023 |
Charge for year |
At 31 May 2024 |
Net book value |
At 31 May 2024 |
At 31 May 2023 |
6. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
7. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | Creditors: amounts falling due after more than one year |
2024 | 2023 |
£ | £ |
Bank loans |
N S Lowe (Electrical Contractors) |
Limited (Registered number: 05041081) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
9. | Leasing agreements |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
£ | £ |
Within one year |
10. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | 1 | 100 | 100 |