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REGISTERED NUMBER: 07581614 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Lowden Construction Limited

Lowden Construction Limited (Registered number: 07581614)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lowden Construction Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: C R Worthington
N B Lowden





SECRETARY: C R Worthington





REGISTERED OFFICE: The Barn
11 Bury Road
Thetford
Norfolk
IP24 3PJ





REGISTERED NUMBER: 07581614 (England and Wales)





ACCOUNTANTS: Knights Lowe
The Barn
11 Bury Road
Thetford
Norfolk
IP24 3PJ

Lowden Construction Limited (Registered number: 07581614)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,981 9,722

CURRENT ASSETS
Stocks - 136,527
Debtors 5 1,102,758 1,115,459
Cash at bank 22,184 41,850
1,124,942 1,293,836
CREDITORS
Amounts falling due within one year 6 402,355 566,995
NET CURRENT ASSETS 722,587 726,841
TOTAL ASSETS LESS CURRENT LIABILITIES 726,568 736,563

PROVISIONS FOR LIABILITIES 7 995 2,430
NET ASSETS 725,573 734,133

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 725,473 734,033
SHAREHOLDERS' FUNDS 725,573 734,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Lowden Construction Limited (Registered number: 07581614)

Balance Sheet - continued
31 August 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:




C R Worthington - Director



N B Lowden - Director


Lowden Construction Limited (Registered number: 07581614)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Lowden Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured as the the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is invoiced and recognised based on the construction services that have been carried out and the revenue can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 4 years straight line
Motor vehicles - 4 years straight line
Computer equipment - 3 years straight line

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from banks or other related parties.

(i) Financial assets

Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at market rate of interest.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at market rate of interest.


Lowden Construction Limited (Registered number: 07581614)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Lowden Construction Limited (Registered number: 07581614)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 78,856
Additions 948
Disposals (3,980 )
At 31 August 2024 75,824
DEPRECIATION
At 1 September 2023 69,134
Charge for year 6,250
Eliminated on disposal (3,541 )
At 31 August 2024 71,843
NET BOOK VALUE
At 31 August 2024 3,981
At 31 August 2023 9,722

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,102,758 1,115,459

Included within other debtors are amounts due to connected companies totalling £208,907 (2023 - £253,902).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 77,796 277,724
Taxation and social security 44,311 24,523
Other creditors 280,248 264,748
402,355 566,995

Included within other creditors is an amount due to a member of key management personnel totalling £23,170 (2023 - £12,320). Also included in other creditors is £176,646 (2023 - £175,000) owed to connected companies.

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 995 2,430

Lowden Construction Limited (Registered number: 07581614)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2023 2,430
Provided during year (1,435 )
Balance at 31 August 2024 995

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
49 Ordinary A £1 49 49
49 Ordinary B £1 49 49
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
N B Lowden
Balance outstanding at start of year 626,291 583,427
Amounts advanced 78,900 71,179
Amounts repaid (35,986 ) (28,315 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 669,205 626,291