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REGISTERED NUMBER: 05255320 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

LOWERY ENGINEERING COMPANY LIMITED

LOWERY ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 05255320) |

CONTENTS OF THE FINANCIAL STATEMENTS

For The Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| LOWERY ENGINEERING COMPANY LIMITED |

COMPANY INFORMATION

For The Year Ended 31 March 2025

| DIRECTOR: | Mr S P Lowery

| SECRETARY: | Mrs A Lowery

| REGISTERED OFFICE: | Unit 7

| Alexandra Trading Estate

| Alexandra Road

| Denton

| Greater Manchester

| M34 3DX

| REGISTERED NUMBER: | 05255320 (England and Wales)

| BANKERS: | HSBC Bank Plc

| 5 Great Underbank

| Stockport

| Cheshire

| SK1 1LH

| SOLICITORS: | No firm appointed

| x

| x

| x

LOWERY ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 05255320) |

BALANCE SHEET

31 March 2025

| 31/3/25 | 31/3/24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 1 |  | 1 |  |

Tangible assets | 5 | 3,814 |  | 4,461 |  |

Investments | 6 | 12,200 |  | 12,600 |  |

16,015 |  | 17,062 |  |

CURRENT ASSETS

Stocks | 4,925 |  | 3,850 |  |

Debtors | 7 | 11,029 |  | 11,927 |  |

Cash at bank and in hand | 18,193 |  | 16,093 |  |

34,147 |  | 31,870 |  |

CREDITORS

Amounts falling due within one year | 8 | 14,379 |  | 13,035 |  |

NET CURRENT ASSETS | 19,768 |  | 18,835 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 35,783 |  | 35,897 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (13,009 | ) | (13,009 | ) |

PROVISIONS FOR LIABILITIES | (758 | ) | (1,008 | ) |

NET ASSETS | 22,016 |  | 21,880 |  |

LOWERY ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 05255320) |

BALANCE SHEET - continued

31 March 2025

| 31/3/25 | 31/3/24 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Retained earnings | 21,016 |  | 20,880 |  |

SHAREHOLDERS' FUNDS | 22,016 |  | 21,880 |  |

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 director acknowledges his 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 director and authorised for issue on 27 December 2025 and were signed by:

Mr S P Lowery - Director

LOWERY ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 05255320) |

NOTES TO THE FINANCIAL STATEMENTS

For The Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Lowery Engineering Company 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.

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

| Turnover represents both sales of goods net of value added tax and trade discounts and is recognised when the good are physically despatched to the customer and the net value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

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

| Land and buildings | - | 20% on cost

| Plant and machinery etc | - | 25% on reducing balance and 15% 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.

| Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

LOWERY ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 05255320) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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 2 (2024 - 2 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 38,000 |  |

| AMORTISATION

| At 1 April 2024

| and 31 March 2025 | 37,999 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1 |  |

| At 31 March 2024 | 1 |  |

LOWERY ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 05255320) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2025

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024

| and 31 March 2025 | 4,360 |  | 27,745 |  | 32,105 |  |

| DEPRECIATION

| At 1 April 2024 | 4,355 |  | 23,289 |  | 27,644 |  |

| Charge for year | - |  | 647 |  | 647 |  |

| At 31 March 2025 | 4,355 |  | 23,936 |  | 28,291 |  |

| NET BOOK VALUE

| At 31 March 2025 | 5 |  | 3,809 |  | 3,814 |  |

| At 31 March 2024 | 5 |  | 4,456 |  | 4,461 |  |

6. | FIXED ASSET INVESTMENTS

| Investments (neither listed nor unlisted) were as follows:

| 31/3/25 |  | 31/3/24

£ | £ |

| Brought forward | 12,600 |  | 13,696 |  |

| Revaluation adjustments | (400 | ) | (1,096 | ) |

12,200 |  | 12,600 |  |

| The fixed asset investment consist of a fully restored MG Midget convertible car and a Porsche Cayman S car both used for promoting and advertising the company at classic motor car shows throughout the region.

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/3/25 |  | 31/3/24

£ | £ |

| Trade debtors | 10,250 |  | 11,158 |  |

| Other debtors | 779 |  | 769 |  |

11,029 |  | 11,927 |  |

LOWERY ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 05255320) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2025

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/3/25 |  | 31/3/24

£ | £ |

| Trade creditors | 3,215 |  | 2,787 |  |

| Taxation and social security | 7,952 |  | 7,031 |  |

| Other creditors | 3,212 |  | 3,217 |  |

14,379 |  | 13,035 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31/3/25 |  | 31/3/24

£ | £ |

| Other creditors | 13,009 |  | 13,009 |  |

10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

| 31/3/25 |  | 31/3/24

£ | £ |

| Mr S P Lowery

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 13,604 |  | 13,706 |  |

| Amounts repaid | (13,604 | ) | (13,706 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

| The Company levied interest on the short-term director's loan.

11. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £11,000 (2024 - £10,000) were paid to the director .