Acorah Software Products - Accounts Production 16.4.660 false true false 6 June 2024 30 June 2025 30 June 2025 15764500 Mr Brendan Lowe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15764500 2024-06-05 15764500 2025-06-30 15764500 2024-06-06 2025-06-30 15764500 frs-core:CurrentFinancialInstruments 2025-06-30 15764500 frs-core:Non-currentFinancialInstruments 2025-06-30 15764500 frs-core:BetweenOneFiveYears 2025-06-30 15764500 frs-core:MotorVehicles 2025-06-30 15764500 frs-core:MotorVehicles 2024-06-06 2025-06-30 15764500 frs-core:MotorVehicles 2024-06-05 15764500 frs-core:WithinOneYear 2025-06-30 15764500 frs-core:ShareCapital 2025-06-30 15764500 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 15764500 frs-bus:PrivateLimitedCompanyLtd 2024-06-06 2025-06-30 15764500 frs-bus:FilletedAccounts 2024-06-06 2025-06-30 15764500 frs-bus:SmallEntities 2024-06-06 2025-06-30 15764500 frs-bus:AuditExempt-NoAccountantsReport 2024-06-06 2025-06-30 15764500 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-06 2025-06-30 15764500 frs-bus:Director1 2024-06-06 2025-06-30 15764500 frs-countries:EnglandWales 2024-06-06 2025-06-30
Registered number: 15764500
Lowe Building & Roofing Ltd
Financial Statements
For the Period 6 June 2024 to 30 June 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 15764500
30 June 2025
Notes £ £
FIXED ASSETS
Tangible Assets 4 21,566
21,566
CURRENT ASSETS
Debtors 5 17,622
Cash at bank and in hand 375
17,997
Creditors: Amounts Falling Due Within One Year 6 (10,071 )
NET CURRENT ASSETS (LIABILITIES) 7,926
TOTAL ASSETS LESS CURRENT LIABILITIES 29,492
Creditors: Amounts Falling Due After More Than One Year 7 (13,420 )
NET ASSETS 16,072
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account 15,972
SHAREHOLDERS' FUNDS 16,072
For the period ending 30 June 2025 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Brendan Lowe
Director
8 July 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Lowe Building & Roofing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15764500 . The registered office is 39 High Street, Orpington, BR6 0JE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
Page 2
Page 3
2.5. Taxation - continued
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Motor Vehicles
£
Cost
As at 6 June 2024 -
Additions 26,958
As at 30 June 2025 26,958
Depreciation
As at 6 June 2024 -
Provided during the period 5,392
As at 30 June 2025 5,392
Net Book Value
As at 30 June 2025 21,566
As at 6 June 2024 -
5. Debtors
30 June 2025
£
Due within one year
Trade debtors 3,519
Other debtors 13,420
16,939
Due after more than one year
Other debtors 683
17,622
6. Creditors: Amounts Falling Due Within One Year
30 June 2025
£
Net obligations under finance lease and hire purchase contracts 4,039
Other creditors 84
Taxation and social security 5,948
10,071
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
30 June 2025
£
Net obligations under finance lease and hire purchase contracts 13,420
8. Obligations Under Finance Leases and Hire Purchase
30 June 2025
£
The future minimum finance lease payments are as follows:
Not later than one year 4,039
Later than one year and not later than five years 13,420
17,459
17,459
9. Share Capital
30 June 2025
£
Allotted, Called up and fully paid 100
Page 4