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REGISTERED NUMBER: 13454791 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

DAINES-LOWE LTD

DAINES-LOWE LTD (REGISTERED NUMBER: 13454791)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAINES-LOWE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: J F Lowe
S Pottinger-Daines





REGISTERED OFFICE: Mulberry House
31 High Street
Haverhill
Suffolk
CB9 8AD





REGISTERED NUMBER: 13454791 (England and Wales)





ACCOUNTANTS: Hackett Griffey LLP
Chartered Certified Accountants
31 High Street
Haverhill
Suffolk
CB9 8AD

DAINES-LOWE LTD (REGISTERED NUMBER: 13454791)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 299,072 338,999

CURRENT ASSETS
Stocks 8,958 6,713
Debtors 5 6,366 41,896
Cash at bank and in hand 34,142 43,194
49,466 91,803
CREDITORS
Amounts falling due within one year 6 160,286 155,110
NET CURRENT LIABILITIES (110,820 ) (63,307 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,252

275,692

CREDITORS
Amounts falling due after more than one year 7 (111,262 ) (167,680 )

PROVISIONS FOR LIABILITIES (2,719 ) (8,541 )
NET ASSETS 74,271 99,471

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 74,269 99,469
74,271 99,471

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

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

DAINES-LOWE LTD (REGISTERED NUMBER: 13454791)

BALANCE SHEET - continued
30 JUNE 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 15 November 2024 and were signed on its behalf by:




S Pottinger-Daines - Director



J F Lowe - Director


DAINES-LOWE LTD (REGISTERED NUMBER: 13454791)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Daines-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.

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 is the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 20% 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

DAINES-LOWE LTD (REGISTERED NUMBER: 13454791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023 210,104 740 184,543 395,387
Additions 32,442 1,563 - 34,005
Disposals (32,966 ) - - (32,966 )
At 30 June 2024 209,580 2,303 184,543 396,426
DEPRECIATION
At 1 July 2023 22,818 409 33,161 56,388
Charge for year 21,288 370 23,659 45,317
Eliminated on disposal (4,351 ) - - (4,351 )
At 30 June 2024 39,755 779 56,820 97,354
NET BOOK VALUE
At 30 June 2024 169,825 1,524 127,723 299,072
At 30 June 2023 187,286 331 151,382 338,999

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,876 36,860
Other debtors 490 5,036
6,366 41,896

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 53,118 54,090
Trade creditors 41,166 22,019
Taxation and social security 8,733 18,022
Other creditors 57,269 60,979
160,286 155,110

DAINES-LOWE LTD (REGISTERED NUMBER: 13454791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 111,262 167,680

8. SECURED DEBTS

Hire Purchase liabilities are secured on the assets concerned.