Acorah Software Products - Accounts Production 16.4.675 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 10790788 Mr I Lowe Mr R G Elliott Mrs R E Lowe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10790788 2024-02-29 10790788 2025-02-28 10790788 2024-03-01 2025-02-28 10790788 frs-core:CurrentFinancialInstruments 2025-02-28 10790788 frs-core:ComputerEquipment 2024-03-01 2025-02-28 10790788 frs-core:MotorVehicles 2024-03-01 2025-02-28 10790788 frs-core:PlantMachinery 2025-02-28 10790788 frs-core:PlantMachinery 2024-03-01 2025-02-28 10790788 frs-core:PlantMachinery 2024-02-29 10790788 frs-core:ShareCapital 2025-02-28 10790788 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 10790788 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 10790788 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 10790788 frs-bus:SmallEntities 2024-03-01 2025-02-28 10790788 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 10790788 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 10790788 frs-bus:OrdinaryShareClass2 2024-03-01 2025-02-28 10790788 frs-bus:OrdinaryShareClass2 2025-02-28 10790788 frs-bus:OrdinaryShareClass3 2024-03-01 2025-02-28 10790788 frs-bus:OrdinaryShareClass3 2025-02-28 10790788 frs-bus:OrdinaryShareClass4 2024-03-01 2025-02-28 10790788 frs-bus:OrdinaryShareClass4 2025-02-28 10790788 frs-bus:Director1 2024-03-01 2025-02-28 10790788 frs-bus:Director2 2024-03-01 2025-02-28 10790788 frs-bus:Director3 2024-03-01 2025-02-28 10790788 frs-countries:EnglandWales 2024-03-01 2025-02-28 10790788 2023-02-28 10790788 2024-02-29 10790788 2023-03-01 2024-02-29 10790788 frs-core:CurrentFinancialInstruments 2024-02-29 10790788 frs-core:ShareCapital 2024-02-29 10790788 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 10790788 frs-bus:OrdinaryShareClass2 2023-03-01 2024-02-29 10790788 frs-bus:OrdinaryShareClass3 2023-03-01 2024-02-29 10790788 frs-bus:OrdinaryShareClass4 2023-03-01 2024-02-29
Registered number: 10790788
Lowe Surveyors Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Deans
Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10790788
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,455 11,211
Investment Properties 5 28,584 28,584
36,039 39,795
CURRENT ASSETS
Debtors 6 45,941 33,853
Cash at bank and in hand 108,173 86,308
154,114 120,161
Creditors: Amounts Falling Due Within One Year 7 (83,152 ) (67,948 )
NET CURRENT ASSETS (LIABILITIES) 70,962 52,213
TOTAL ASSETS LESS CURRENT LIABILITIES 107,001 92,008
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,864 ) (2,691 )
NET ASSETS 105,137 89,317
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 104,937 89,117
SHAREHOLDERS' FUNDS 105,137 89,317
Page 1
Page 2
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 I Lowe
Director
24 July 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lowe Surveyors Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of 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.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable net of trade discounts. The policies adopted for the recognition of turnover are as follows:
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the provision of residential and commercial surveying services is recognised by reference to the stage of completion at the balance sheet date.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Plant & Machinery 20% on cost
Motor Vehicles 20% on cost
Computer Equipment 20% on cost
2.4. Investment Properties
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.6. 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.
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2.7. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 5)
4 5
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 March 2024 26,005
As at 28 February 2025 26,005
Depreciation
As at 1 March 2024 14,794
Provided during the period 3,756
As at 28 February 2025 18,550
Net Book Value
As at 28 February 2025 7,455
As at 1 March 2024 11,211
5. Investment Property
2025
£
Fair Value
As at 1 March 2024 and 28 February 2025 28,584
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 28,584 28,584
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 37,981 19,914
Prepayments and accrued income 6,757 11,845
Other debtors 1,203 2,094
45,941 33,853
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 49,962 33,601
Other taxes and social security 490 -
VAT 19,165 21,184
Other creditors 286 -
Accruals and deferred income 1,801 1,715
Directors' loan accounts 11,448 11,448
83,152 67,948
8. Share Capital
2025 2024
Allotted, called up and fully paid £ £
100 Ordinary A shares of £ 1.00 each 100 100
50 Ordinary B shares of £ 1.00 each 50 50
50 Ordinary C shares of £ 1.00 each 50 50
200 200
9. Other Commitments
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £6,237 (2024 £8,556).
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