Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08420675 A G Tritton CBE DL C C Tritton D S Tritton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08420675 2024-03-31 08420675 2025-03-31 08420675 2024-04-01 2025-03-31 08420675 frs-core:CurrentFinancialInstruments 2025-03-31 08420675 frs-core:Non-currentFinancialInstruments 2025-03-31 08420675 frs-core:MotorVehicles 2025-03-31 08420675 frs-core:MotorVehicles 2024-04-01 2025-03-31 08420675 frs-core:MotorVehicles 2024-03-31 08420675 frs-core:PlantMachinery 2025-03-31 08420675 frs-core:PlantMachinery 2024-04-01 2025-03-31 08420675 frs-core:PlantMachinery 2024-03-31 08420675 frs-core:ShareCapital 2025-03-31 08420675 frs-core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 08420675 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08420675 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08420675 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08420675 frs-bus:SmallEntities 2024-04-01 2025-03-31 08420675 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08420675 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08420675 frs-bus:Director1 2024-04-01 2025-03-31 08420675 frs-bus:Director2 2024-04-01 2025-03-31 08420675 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 08420675 frs-countries:EnglandWales 2024-04-01 2025-03-31 08420675 2023-03-31 08420675 2024-03-31 08420675 2023-04-01 2024-03-31 08420675 frs-core:CurrentFinancialInstruments 2024-03-31 08420675 frs-core:Non-currentFinancialInstruments 2024-03-31 08420675 frs-core:ShareCapital 2023-03-31 08420675 frs-core:ShareCapital 2024-03-31 08420675 frs-core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 08420675 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-03-31 08420675 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08420675
Lowleys Limited
Financial Statements
For The Year Ended 31 March 2025
Avant Advisory Ltd
Chartered Certified Accountants
124 City Road
London
EC1V 2NX
Financial Statements
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 08420675
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 491,751 521,396
491,751 521,396
CURRENT ASSETS
Stocks 4 9,312 14,255
Debtors 5 207,015 332,509
Cash at bank and in hand 104,352 27,786
320,679 374,550
Creditors: Amounts Falling Due Within One Year 6 (98,499 ) (169,984 )
NET CURRENT ASSETS (LIABILITIES) 222,180 204,566
TOTAL ASSETS LESS CURRENT LIABILITIES 713,931 725,962
Creditors: Amounts Falling Due After More Than One Year 7 (383,583 ) (383,583 )
NET ASSETS 330,348 342,379
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 330,248 342,279
SHAREHOLDERS' FUNDS 330,348 342,379
Page 1
Page 2
For the year ending 31 March 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
C C Tritton
Director
12/09/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2023 100 389,440 389,540
Loss for the year and total comprehensive income - (47,161 ) (47,161)
As at 31 March 2024 and 1 April 2024 100 342,279 342,379
Loss for the year and total comprehensive income - (12,031 ) (12,031)
As at 31 March 2025 100 330,248 330,348
Page 3
Page 4
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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:
Plant & Machinery 20% reducing balance on Tractors, 15% reducing balance on Harvesters, 15% reducing balance on Implements
Motor Vehicles 25% reducing balance
1.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.5. 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.
Current and deferred tax are recognised in profit or loss for the year, 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.
Page 4
Page 5
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 4 (2024: 4)
4 4
3. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 1,233,382 18,597 1,251,979
Additions 38,411 - 38,411
As at 31 March 2025 1,271,793 18,597 1,290,390
Depreciation
As at 1 April 2024 714,269 16,314 730,583
Provided during the period 67,485 571 68,056
As at 31 March 2025 781,754 16,885 798,639
Net Book Value
As at 31 March 2025 490,039 1,712 491,751
As at 1 April 2024 519,113 2,283 521,396
4. Stocks
2025 2024
£ £
Consumables 9,312 14,255
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 69,380 159,655
Other debtors 137,635 172,854
207,015 332,509
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 63,426 33,470
Other creditors 24,568 114,066
Taxation and social security 10,505 22,448
98,499 169,984
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 383,583 383,583
383,583 383,583
Page 5
Page 6
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
Tritton Farming Partnership LLP (TFP) is a related party as CC Tritton and AG Tritton are Designated Members of that entity.
The balance owed to TFP was £383,583 comprised of tangible fixed assets transferred at net book value less running costs paid by Lowleys on behalf of TFP.
10. General Information
Lowleys Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08420675 . The registered office is Lyons Hall Boreham Road, Great Leighs, Chelmsford, CM3 1PL.
Page 6