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Lowen Chy Angling Ltd

Registered Number
14384828
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

Lowen Chy Angling Ltd
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

LONGLEY, Dominic

Registered Address

St Denys House
22 East Hill
St Austell
PL25 4TR

Registered Number

14384828 (England and Wales)
Lowen Chy Angling Ltd
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets35,6882,839
5,6882,839
Current assets
Stocks475,00075,000
Debtors56073,156
Cash at bank and on hand15,41013,118
91,01791,274
Creditors amounts falling due within one year6(60,300)(71,510)
Net current assets (liabilities)30,71719,764
Total assets less current liabilities36,40522,603
Net assets36,40522,603
Capital and reserves
Called up share capital100100
Profit and loss account36,30522,503
Shareholders' funds36,40522,603
The financial statements were approved and authorised for issue by the Director on 5 February 2025, and are signed on its behalf by:
LONGLEY, Dominic
Director
Registered Company No. 14384828
Lowen Chy Angling Ltd
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Reducing balance (%)
Fixtures and fittings25
Office Equipment25
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 October 231,0542,5923,646
Additions2,0702,0224,092
At 30 September 243,1244,6147,738
Depreciation and impairment
At 01 October 23247560807
Charge for year3748691,243
At 30 September 246211,4292,050
Net book value
At 30 September 242,5033,1855,688
At 30 September 238072,0322,839
4.Stocks

2024

2023

££
Raw materials and consumables75,00075,000
Total75,00075,000
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables5883,110
Other debtors-27
Prepayments and accrued income1919
Total6073,156
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables69-
Taxation and social security6,1738,594
Other creditors52,13561,090
Accrued liabilities and deferred income1,9231,826
Total60,30071,510
7.Directors advances, credits and guarantees
At the period end there was a balance due to the director from the company of £52,135