REGISTERED NUMBER: 04346907 (England and Wales)

LOWRIE BROTHERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

Mr B E Lowrie

Mr J D Lowrie

SECRETARY:

Mrs H Lowrie

REGISTERED OFFICE:

82 High Street

Tenterden

Kent

TN30 6JG

REGISTERED NUMBER:

04346907 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

82 High Street

Tenterden

Kent

TN30 6JG

FIXED ASSETS

Tangible assets

4

148,084

68,952

CURRENT ASSETS

Stocks

140,770

204,700

Debtors

5

247,063

113,016

Cash at bank and in hand

829,722

689,749

1,217,555

1,007,465

CREDITORS

Amounts falling due within one year

6

243,615

157,456

NET CURRENT ASSETS

973,940

850,009

TOTAL ASSETS LESS CURRENT LIABILITIES

1,122,024

918,961

PROVISIONS FOR LIABILITIES

4,430

9,433

NET ASSETS

1,117,594

909,528

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

1,117,592

909,526

SHAREHOLDERS' FUNDS

1,117,594

909,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

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 29th August 2025 and were signed on its behalf by:

Mr J D Lowrie - Director

1.	STATUTORY INFORMATION

Lowrie Brothers 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

Turnover represents net invoiced sales of goods and unit rentals, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Buildings

Equipment

vehicles

Totals

£

£

£

£

COST

At 1st April 2024

-

119,637

201,115

320,752

Additions

57,060

1,408

60,325

118,793

Disposals

-

-

(58,436

)

(58,436

)

At 31st March 2025

57,060

121,045

203,004

381,109

DEPRECIATION

At 1st April 2024

-

95,854

155,946

251,800

Charge for year

-

3,783

23,207

26,990

Eliminated on disposal

-

-

(45,765

)

(45,765

)

At 31st March 2025

-

99,637

133,388

233,025

NET BOOK VALUE

At 31st March 2025

57,060

21,408

69,616

148,084

At 31st March 2024

-

23,783

45,169

68,952

Buildings owned by the company which are hired on a long-term basis have been recognised as fixed assets since they are deemed to be generating rental income on a long term basis. The company intends to refurbish and sell these buildings once they are no longer hired.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

37,992

62,457

Other debtors

209,071

50,559

247,063

113,016

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

53,871

70,209

Taxation and social security

107,580

17,168

Other creditors

82,164

70,079

243,615

157,456

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2