Company registration number 13388693 (England and Wales)
VICTORIA LOWE ENTERPRISES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
VICTORIA LOWE ENTERPRISES LTD
COMPANY INFORMATION
Director
Mrs V Knight
Company number
13388693
Registered office
4 Borrowcop Lane
Lichfield
Staffordshire
WS14 9DF
Accountants
Malcolm Piper & Company Limited
Kingsnorth House
Blenheim Way
Birmingham
West Midlands
United Kingdom
B44 8LS
VICTORIA LOWE ENTERPRISES LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
VICTORIA LOWE ENTERPRISES LTD
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF VICTORIA LOWE ENTERPRISES LTD FOR THE PERIOD ENDED 31 JULY 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Victoria Lowe Enterprises Ltd for the Period ended 31 July 2024 which comprise, 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 firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Victoria Lowe Enterprises Ltd, as a body, in accordance with the terms of our engagement letter dated 31 May 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Victoria Lowe Enterprises Ltd and state those matters that we have agreed to state to the board of directors of Victoria Lowe Enterprises Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Victoria Lowe Enterprises Ltd and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Victoria Lowe Enterprises Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Victoria Lowe Enterprises Ltd. You consider that Victoria Lowe Enterprises Ltd is exempt from the statutory audit requirement for the Period.

We have not been instructed to carry out an audit or a review of the financial statements of Victoria Lowe Enterprises Ltd. 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 statutory financial statements.

Malcolm Piper & Company Limited
23 April 2025
Chartered Accountants
Kingsnorth House
Blenheim Way
Birmingham
West Midlands
United Kingdom
B44 8LS
VICTORIA LOWE ENTERPRISES LTD
BALANCE SHEET
AS AT 31 JULY 2024
31 July 2024
- 2 -
31 July 2024
31 May 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
8,104
Current assets
Debtors
298
-
0
Cash at bank and in hand
41
983
339
983
Creditors: amounts falling due within one year
4
(9,372)
(2,709)
Net current liabilities
(9,033)
(1,726)
Net (liabilities)/assets
(9,033)
6,378
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
(9,034)
6,377
Total equity
(9,033)
6,378

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 23 April 2025
Mrs V Knight
Director
Company registration number 13388693 (England and Wales)
VICTORIA LOWE ENTERPRISES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024
- 3 -
1
Accounting policies
Company information

Victoria Lowe Enterprises Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 4 Borrowcop Lane, Lichfield, Staffordshire, WS14 9DF.

1.1
Reporting period

[ FRS 102 3.10 An entity shall present a complete set of financial statements (including comparative information as set out in paragraph 3.14) at least annually. When the end of an entity’s reporting period changes and the annual financial statements are presented for a period longer or shorter than one year, the entity shall disclose the following: (a) that fact; (b) the reason for using a longer or shorter period; and (c) the fact that comparative amounts presented in the financial statements (including the related notes) are not entirely comparable. ]

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% Reducing balance
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

VICTORIA LOWE ENTERPRISES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023
12,663
Disposals
(12,663)
At 31 July 2024
-
0
Depreciation and impairment
At 1 June 2023
4,559
Depreciation charged in the Period
1,621
Eliminated in respect of disposals
(6,180)
At 31 July 2024
-
0
Carrying amount
At 31 July 2024
-
0
At 31 May 2023
8,104
4
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
-
0
298
Other creditors
9,372
2,411
9,372
2,709
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
VICTORIA LOWE ENTERPRISES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2024
- 5 -
6
Related party transactions

The director made advances of £19,412 to the company during the year and made withdrawals of £12,360. At the year end the director was owed £8,262 (2023: £1,210) from the company.

 

Dividends amounting to £4,400 were paid to the director in the year.

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