Loxlow Holdings Limited 10124034 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is Holding company Digita Accounts Production Advanced 6.30.9574.0 true false 10124034 2023-07-01 2024-06-30 10124034 2024-06-30 10124034 core:RetainedEarningsAccumulatedLosses 2024-06-30 10124034 core:ShareCapital 2024-06-30 10124034 core:CurrentFinancialInstruments 2024-06-30 10124034 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 10124034 core:OfficeEquipment 2024-06-30 10124034 core:PlantMachinery 2024-06-30 10124034 bus:SmallEntities 2023-07-01 2024-06-30 10124034 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10124034 bus:FullAccounts 2023-07-01 2024-06-30 10124034 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10124034 bus:RegisteredOffice 2023-07-01 2024-06-30 10124034 bus:Director1 2023-07-01 2024-06-30 10124034 bus:Director2 2023-07-01 2024-06-30 10124034 bus:Director3 2023-07-01 2024-06-30 10124034 bus:Director4 2023-07-01 2024-06-30 10124034 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10124034 core:OfficeEquipment 2023-07-01 2024-06-30 10124034 core:PlantMachinery 2023-07-01 2024-06-30 10124034 countries:UnitedKingdom 2023-07-01 2024-06-30 10124034 2023-06-30 10124034 core:CostValuation 2023-06-30 10124034 core:OfficeEquipment 2023-06-30 10124034 core:PlantMachinery 2023-06-30 10124034 2022-07-01 2023-06-30 10124034 2023-06-30 10124034 core:RetainedEarningsAccumulatedLosses 2023-06-30 10124034 core:ShareCapital 2023-06-30 10124034 core:CurrentFinancialInstruments 2023-06-30 10124034 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 10124034 core:OfficeEquipment 2023-06-30 10124034 core:PlantMachinery 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 10124034

Loxlow Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Loxlow Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Loxlow Holdings Limited

Company Information

Directors

Mr P Lowe

Mr D Bloxham

Mrs J Lowe

Mrs D Bloxham

Registered office

11c Oakmoore Court
Kingswood Road
Hampton Lovett
Droitwich
Worcs
WR9 0QH

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11c Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

Loxlow Holdings Limited

(Registration number: 10124034)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

14,302

19,069

Investments

5

100

100

 

14,402

19,169

Current assets

 

Debtors

6

32,888

28,015

Cash at bank and in hand

 

422

210

 

33,310

28,225

Creditors: Amounts falling due within one year

7

(22,035)

(22,099)

Net current assets

 

11,275

6,126

Net assets

 

25,677

25,295

Capital and reserves

 

Called up share capital

100

100

Retained earnings

25,577

25,195

Shareholders' funds

 

25,677

25,295

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 November 2024 and signed on its behalf by:
 

.........................................
Mr P Lowe
Director

   
 

Loxlow Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
11c Oakmoore Court
Kingswood Road
Hampton Lovett
Droitwich
Worcs
WR9 0QH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

Reducing balance 25%

 

Loxlow Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Office equipment

Reducing balance 25%

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Loxlow Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 July 2023

73,591

2,979

76,570

At 30 June 2024

73,591

2,979

76,570

Depreciation

At 1 July 2023

54,954

2,547

57,501

Charge for the year

4,659

108

4,767

At 30 June 2024

59,613

2,655

62,268

Carrying amount

At 30 June 2024

13,978

324

14,302

At 30 June 2023

18,637

432

19,069

5

Investments

2024
£

2023
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost or valuation

At 1 July 2023

100

Provision

Carrying amount

At 30 June 2024

100

At 30 June 2023

100

 

Loxlow Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Debtors

Current

2024
£

2023
£

Other debtors

32,888

28,015

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

1,094

1,658

Amounts owed to related parties

20,271

19,771

Other creditors

 

670

670

 

22,035

22,099