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REGISTERED NUMBER: 03858487 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th September 2024

for

R.N. Lowe Ltd
Trading as
Roadrunner

R.N. Lowe Ltd (Registered number: 03858487)
Trading as Roadrunner






Contents of the Financial Statements
for the Year Ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R.N. Lowe Ltd
Trading as Roadrunner

Company Information
for the Year Ended 30th September 2024







DIRECTORS: Mr R N Lowe
Mrs P A Lowe





SECRETARY: Mrs P A Lowe





REGISTERED OFFICE: 383 Nuthall Road
Aspley
Nottinghamshire
NG8 5BU





REGISTERED NUMBER: 03858487 (England and Wales)

R.N. Lowe Ltd (Registered number: 03858487)
Trading as Roadrunner

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 34,885 42,739
34,885 42,739

CURRENT ASSETS
Stocks 6 26,101 30,927
Debtors 7 318,515 -
Cash at bank and in hand 407,214 787,901
751,830 818,828
CREDITORS
Amounts falling due within one year 8 175,271 150,301
NET CURRENT ASSETS 576,559 668,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

611,444

711,266

PROVISIONS FOR LIABILITIES 9 5,895 7,387
NET ASSETS 605,549 703,879

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 605,349 703,679
SHAREHOLDERS' FUNDS 605,549 703,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

R.N. Lowe Ltd (Registered number: 03858487)
Trading as Roadrunner

Balance Sheet - continued
30th September 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 8th January 2025 and were signed on its behalf by:





Mr R N Lowe - Director


R.N. Lowe Ltd (Registered number: 03858487)
Trading as Roadrunner

Notes to the Financial Statements
for the Year Ended 30th September 2024

1. STATUTORY INFORMATION

R.N. Lowe Ltd 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. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of ten years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 balance sheet date.


R.N. Lowe Ltd (Registered number: 03858487)
Trading as Roadrunner

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 4,061
AMORTISATION
At 1st October 2023
and 30th September 2024 4,061
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 -

R.N. Lowe Ltd (Registered number: 03858487)
Trading as Roadrunner

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st October 2023 2,010 89,844 4,386 96,240
Additions - - 1,109 1,109
Disposals - - (1,123 ) (1,123 )
At 30th September 2024 2,010 89,844 4,372 96,226
DEPRECIATION
At 1st October 2023 1,504 48,145 3,852 53,501
Charge for year 76 8,340 547 8,963
Eliminated on disposal - - (1,123 ) (1,123 )
At 30th September 2024 1,580 56,485 3,276 61,341
NET BOOK VALUE
At 30th September 2024 430 33,359 1,096 34,885
At 30th September 2023 506 41,699 534 42,739

6. STOCKS
2024 2023
£    £   
Stocks 26,101 30,927

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 318,515 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 77,800 76,001
Taxation and social security 89,020 33,675
Other creditors 8,451 40,625
175,271 150,301

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,895 7,387

R.N. Lowe Ltd (Registered number: 03858487)
Trading as Roadrunner

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st October 2023 7,387
Utilised during year (1,492 )
Balance at 30th September 2024 5,895

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100
100 Non Voting B £1 100 100
200 200