REGISTERED NUMBER: 06510612

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

LOWSON WARD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P R Ward

Mr I T Hall

REGISTERED OFFICE:

292 Wake Green Road

Birmingham

B13 9QP

REGISTERED NUMBER:

06510612

ACCOUNTANTS:

Lowson Ward

Chartered Accountants

292 Wake Green Road

Birmingham

B13 9QP

FIXED ASSETS

Intangible assets

3

-

-

Tangible assets

4

5,849

7,100

5,849

7,100

CURRENT ASSETS

Stocks

274,310

266,275

Debtors

5

67,961

63,398

Cash at bank

218,035

200,396

560,306

530,069

CREDITORS

Amounts falling due within one year

6

(562,018

)

(533,250

)

NET CURRENT LIABILITIES

(1,712

)

(3,181

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,137

3,919

PROVISIONS FOR LIABILITIES

(1,460

)

(1,775

)

NET ASSETS

2,677

2,144

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,677

1,144

SHAREHOLDERS' FUNDS

2,677

2,144

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 31 October 2025 and were signed on its behalf by:

Mr P R Ward - Director

1.	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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has been amortised evenly over ten years.

Tangible fixed assets

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

Fixtures and fittings

-

20% p.a. reducing balance

Equipment

-

40% p.a. reducing balance

All fixed assets are initially recorded at cost.

Stocks

Work in progess is valued at the lower of cost or net realisable value.

Cost is calculated to include all direct labour, consultancy and overheads incurred in the preparation of work that is at various stages of completion.

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.

Leasing commitments

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

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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

600,000

AMORTISATION

At 1 April 2024

and 31 March 2025

600,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

Equipment

Totals

£

£

£

COST

At 1 April 2024

11,632

62,885

74,517

Additions

-

1,724

1,724

At 31 March 2025

11,632

64,609

76,241

DEPRECIATION

At 1 April 2024

7,935

59,482

67,417

Charge for year

924

2,051

2,975

At 31 March 2025

8,859

61,533

70,392

NET BOOK VALUE

At 31 March 2025

2,773

3,076

5,849

At 31 March 2024

3,697

3,403

7,100

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

43,050

60,483

Directors' current accounts

20,916

-

Prepayments

3,995

2,915

67,961

63,398

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

11,667

21,667

Trade creditors

4,246

4,512

Amounts owed to group undertakings

144,500

-

Amounts owed to participating interests

22,000

-

Corporation tax

62,838

49,333

PAYE and NIC

5,354

4,553

VAT

31,870

26,899

Proposed dividends

-

125,000

Other creditors

-

15,800

Directors' current accounts

-

8,470

Deferred income

276,227

275,606

Accrued expenses

3,316

1,410

562,018

533,250