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Registered number: 10841355
Lowney IT Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Sherwin Currid Accountancy Limited
Chartered Certified Accountants
32 London Road
Guildford
Surrey
GU1 2AB
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Lowney IT Limited For The Year Ended 30 June 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Lowney IT Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Lowney IT Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Lowney IT Limited and state those matters that we have agreed to state to the director of Lowney IT Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lowney IT Limited and its director as a body for our work or for this report.
It is your duty to ensure that Lowney IT Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Lowney IT Limited . You consider that Lowney IT Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Lowney IT Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
26 March 2025
Sherwin Currid Accountancy Limited
Chartered Certified Accountants
32 London Road
Guildford
Surrey
GU1 2AB
Page 1
Page 2
Balance Sheet
Registered number: 10841355
2024 2023
£ £
Current assets 45,912 39,419
Creditors: Amounts Falling Due Within One Year (43,736 ) (37,249 )
NET CURRENT ASSETS 2,176 2,170
TOTAL ASSETS LESS CURRENT LIABILITIES 2,176 2,170
NET ASSETS 2,176 2,170
CAPITAL AND RESERVES 2,176 2,170

Notes

1. General Information
Lowney IT Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10841355 . The registered office is SUITE A, 82 James Carter Road, Mildenhall, Suffolk, IP28 7DE.
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
3. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr M J Lowney - 23,401 - - 23,401
The above loan is unsecured, interest free and repayable on demand.
Page 2
Page 3
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr M J Lowney
Director
26 March 2025
Page 3