2023-08-012024-07-312024-07-31false11482341TOWER64 LTD2025-05-12falseiso4217:GBPxbrli:pure114823412023-08-01114823412024-07-31114823412023-08-012024-07-31114823412022-08-01114823412023-07-31114823412022-08-012023-07-3111482341bus:SmallEntities2023-08-012024-07-3111482341bus:AuditExempt-NoAccountantsReport2023-08-012024-07-3111482341bus:FullAccounts2023-08-012024-07-3111482341bus:PrivateLimitedCompanyLtd2023-08-012024-07-3111482341core:WithinOneYear2024-07-3111482341core:AfterOneYear2024-07-3111482341core:WithinOneYear2023-07-3111482341core:AfterOneYear2023-07-3111482341core:ShareCapital2024-07-3111482341core:SharePremium2024-07-3111482341core:RevaluationReserve2024-07-3111482341core:OtherReservesSubtotal2024-07-3111482341core:RetainedEarningsAccumulatedLosses2024-07-3111482341core:ShareCapital2023-07-3111482341core:SharePremium2023-07-3111482341core:RevaluationReserve2023-07-3111482341core:OtherReservesSubtotal2023-07-3111482341core:RetainedEarningsAccumulatedLosses2023-07-3111482341core:LandBuildings2024-07-3111482341core:PlantMachinery2024-07-3111482341core:Vehicles2024-07-3111482341core:FurnitureFittings2024-07-3111482341core:OfficeEquipment2024-07-3111482341core:NetGoodwill2024-07-3111482341core:IntangibleAssetsOtherThanGoodwill2024-07-3111482341core:ListedExchangeTraded2024-07-3111482341core:UnlistedNon-exchangeTraded2024-07-3111482341core:LandBuildings2023-07-3111482341core:PlantMachinery2023-07-3111482341core:Vehicles2023-07-3111482341core:FurnitureFittings2023-07-3111482341core:OfficeEquipment2023-07-3111482341core:NetGoodwill2023-07-3111482341core:IntangibleAssetsOtherThanGoodwill2023-07-3111482341core:ListedExchangeTraded2023-07-3111482341core:UnlistedNon-exchangeTraded2023-07-3111482341core:LandBuildings2023-08-012024-07-3111482341core:PlantMachinery2023-08-012024-07-3111482341core:Vehicles2023-08-012024-07-3111482341core:FurnitureFittings2023-08-012024-07-3111482341core:OfficeEquipment2023-08-012024-07-3111482341core:NetGoodwill2023-08-012024-07-3111482341core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3111482341core:ListedExchangeTraded2023-08-012024-07-3111482341core:UnlistedNon-exchangeTraded2023-08-012024-07-3111482341core:MoreThanFiveYears2023-08-012024-07-3111482341core:Non-currentFinancialInstruments2024-07-3111482341core:Non-currentFinancialInstruments2023-07-3111482341dpl:CostSales2023-08-012024-07-3111482341dpl:DistributionCosts2023-08-012024-07-3111482341core:LandBuildings2023-08-012024-07-3111482341core:PlantMachinery2023-08-012024-07-3111482341core:Vehicles2023-08-012024-07-3111482341core:FurnitureFittings2023-08-012024-07-3111482341core:OfficeEquipment2023-08-012024-07-3111482341dpl:AdministrativeExpenses2023-08-012024-07-3111482341core:NetGoodwill2023-08-012024-07-3111482341core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3111482341dpl:GroupUndertakings2023-08-012024-07-3111482341dpl:ParticipatingInterests2023-08-012024-07-3111482341dpl:GroupUndertakingscore:ListedExchangeTraded2023-08-012024-07-3111482341core:ListedExchangeTraded2023-08-012024-07-3111482341dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-08-012024-07-3111482341core:UnlistedNon-exchangeTraded2023-08-012024-07-3111482341dpl:CostSales2022-08-012023-07-3111482341dpl:DistributionCosts2022-08-012023-07-3111482341core:LandBuildings2022-08-012023-07-3111482341core:PlantMachinery2022-08-012023-07-3111482341core:Vehicles2022-08-012023-07-3111482341core:FurnitureFittings2022-08-012023-07-3111482341core:OfficeEquipment2022-08-012023-07-3111482341dpl:AdministrativeExpenses2022-08-012023-07-3111482341core:NetGoodwill2022-08-012023-07-3111482341core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3111482341dpl:GroupUndertakings2022-08-012023-07-3111482341dpl:ParticipatingInterests2022-08-012023-07-3111482341dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3111482341core:ListedExchangeTraded2022-08-012023-07-3111482341dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3111482341core:UnlistedNon-exchangeTraded2022-08-012023-07-3111482341core:NetGoodwill2024-07-3111482341core:IntangibleAssetsOtherThanGoodwill2024-07-3111482341core:LandBuildings2024-07-3111482341core:PlantMachinery2024-07-3111482341core:Vehicles2024-07-3111482341core:FurnitureFittings2024-07-3111482341core:OfficeEquipment2024-07-3111482341core:AfterOneYear2024-07-3111482341core:WithinOneYear2024-07-3111482341core:ListedExchangeTraded2024-07-3111482341core:UnlistedNon-exchangeTraded2024-07-3111482341core:ShareCapital2024-07-3111482341core:SharePremium2024-07-3111482341core:RevaluationReserve2024-07-3111482341core:OtherReservesSubtotal2024-07-3111482341core:RetainedEarningsAccumulatedLosses2024-07-3111482341core:NetGoodwill2023-07-3111482341core:IntangibleAssetsOtherThanGoodwill2023-07-3111482341core:LandBuildings2023-07-3111482341core:PlantMachinery2023-07-3111482341core:Vehicles2023-07-3111482341core:FurnitureFittings2023-07-3111482341core:OfficeEquipment2023-07-3111482341core:AfterOneYear2023-07-3111482341core:WithinOneYear2023-07-3111482341core:ListedExchangeTraded2023-07-3111482341core:UnlistedNon-exchangeTraded2023-07-3111482341core:ShareCapital2023-07-3111482341core:SharePremium2023-07-3111482341core:RevaluationReserve2023-07-3111482341core:OtherReservesSubtotal2023-07-3111482341core:RetainedEarningsAccumulatedLosses2023-07-3111482341core:NetGoodwill2022-08-0111482341core:IntangibleAssetsOtherThanGoodwill2022-08-0111482341core:LandBuildings2022-08-0111482341core:PlantMachinery2022-08-0111482341core:Vehicles2022-08-0111482341core:FurnitureFittings2022-08-0111482341core:OfficeEquipment2022-08-0111482341core:AfterOneYear2022-08-0111482341core:WithinOneYear2022-08-0111482341core:ListedExchangeTraded2022-08-0111482341core:UnlistedNon-exchangeTraded2022-08-0111482341core:ShareCapital2022-08-0111482341core:SharePremium2022-08-0111482341core:RevaluationReserve2022-08-0111482341core:OtherReservesSubtotal2022-08-0111482341core:RetainedEarningsAccumulatedLosses2022-08-0111482341core:AfterOneYear2023-08-012024-07-3111482341core:WithinOneYear2023-08-012024-07-3111482341core:Non-currentFinancialInstrumentscore:CostValuation2023-08-012024-07-3111482341core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-08-012024-07-3111482341core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-08-012024-07-3111482341core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-08-012024-07-3111482341core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-08-012024-07-3111482341core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-08-012024-07-3111482341core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-08-012024-07-3111482341core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-08-012024-07-3111482341core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-08-012024-07-3111482341core:Non-currentFinancialInstrumentscore:CostValuation2024-07-3111482341core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-07-3111482341core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-07-3111482341core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-07-3111482341core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-07-3111482341core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-07-3111482341core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-07-3111482341core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-07-3111482341core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-07-3111482341core:Non-currentFinancialInstrumentscore:CostValuation2023-07-3111482341core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-3111482341core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-3111482341core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-3111482341core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-3111482341core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-3111482341core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-3111482341core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-3111482341core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-3111482341bus:Director12023-08-012024-07-31

TOWER64 LTD

Registered Number
11482341
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

TOWER64 LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

SAVAGE, Kevin Lee

Registered Address

Former Ewe & Lamb
Padstow
Cleator Moor
CA25 5RB

Registered Number

11482341 (England and Wales)
TOWER64 LTD
Statement of Financial Position
31 July 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors322,91521,407
Cash at bank and on hand29,0539,082
51,96830,489
Creditors amounts falling due within one year4(45,465)(30,489)
Net current assets (liabilities)6,503-
Total assets less current liabilities6,503-
Creditors amounts falling due after one year5(6,501)-
Net assets2-
Capital and reserves
Called up share capital11
Profit and loss account1(1)
Shareholders' funds2-
The financial statements were approved and authorised for issue by the Director on 12 May 2025, and are signed on its behalf by:
SAVAGE, Kevin Lee
Director
Registered Company No. 11482341
TOWER64 LTD
Notes to the Financial Statements
for the year ended 31 July 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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20242023
Average number of employees during the year11
3.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables11
Amounts owed by associates and joint ventures / participating interests22,91421,281
Prepayments and accrued income-125
Total22,91521,407
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-150
Taxation and social security45,46530,339
Total45,46530,489
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts6,501-
Total6,501-
The Bounce Back Loan payable is unsecured, has a fixed interest rate of 2.5% and is repayable over 6 years, no capital or interest payments are payable in the first 12 months as covered by the HMRC Business Interruption Payment.
6.Controlling party
The ultimate controlling party is K L Savage.