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Registered number: 02181501 28 LOW STREET LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MAY 2025
28 LOW STREET LIMITED REGISTERED NUMBER: 02181501 BALANCE SHEET AS AT 31 MAY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 2,041 |  | 1,212
Current assets |  |  |  |  |
Stocks |  | 6,596 |  | 6,842 |
Debtors: amounts falling due within one year | 5 | 22,784 |  | 3,771 |
Cash at bank and in hand |  | 17,154 |  | 42,535 |
|  | 46,534 |  | 53,148 |
Creditors: amounts falling due within one year | 6 | (37,620) |  | (41,087) |
Net current assets |  |  | 8,914 |  | 12,061
Total assets less current liabilities |  |  | 10,955 |  | 13,273
Creditors: amounts falling due after more than one year | 7 |  | (8,889) |  | (11,084)
Provisions for liabilities |  |  |  |  |
Deferred tax |  |  | (388) |  | (230)
Net assets |  |  | 1,678 |  | 1,959
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1,000 |  | 1,000
Profit and loss account |  |  | 678 |  | 959
|  |  | 1,678 |  | 1,959
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28 LOW STREET LIMITED REGISTERED NUMBER: 02181501 BALANCE SHEET (CONTINUED) AS AT 31 MAY 2025 The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 January 2026.
E M Miller
Director
The notes on pages 3 to 8 form part of these financial statements. Page 2
28 LOW STREET LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 1.Accounting policies
| 1.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 1.2 | Going concern
At the time of signing there is a degree of uncertainty about the full economic impact of the wider geopolitical environment and the cost of living. The directors continue to monitor the position closely, however believe that the company will be able to continue to trade at its current level of activity.
| 1.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the company has transferred the significant risks and rewards of ownership to the buyer; ∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 1.4 | Operating leases: the company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Page 3
28 LOW STREET LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 1.Accounting policies (continued)
| 1.5 | Pensions
Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
| 1.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 1.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 4
28 LOW STREET LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 1.Accounting policies (continued)
| 1.7 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | 15% | straight line basis
|  |  |  | Computer equipment | - | 25% | straight line basis
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 1.8 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 1.9 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
2. | General information
The company is a private limited company, which is incorporated and registered in England (registration number: 02181501). The address of the registered office is 28 Low Street, Sutton in Ashfield Nottinghamshire, NG17 1DG.
3. | Employees
| The average monthly number of employees, including directors, during the year was 8 (2024 - 8).
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28 LOW STREET LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
4. | Tangible fixed assets
|  | Fixtures and fittings | Computer equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 June 2024 | 82,841 | 2,584 | 85,425
| Additions | - | 1,490 | 1,490
| At 31 May 2025 | 82,841 | 4,074 | 86,915
| Depreciation |  |  |
| At 1 June 2024 | 82,619 | 1,594 | 84,213
| Charge for the year on owned assets | 39 | 622 | 661
| At 31 May 2025 | 82,658 | 2,216 | 84,874
| Net book value |  |  |
| At 31 May 2025 | 183 | 1,858 | 2,041
| At 31 May 2024 | 222 | 990 | 1,212
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28 LOW STREET LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 2,429 | 997
| Other debtors | 18,288 | 660
| Prepayments and accrued income | 2,067 | 2,114
|  | 22,784 | 3,771
Included within other debtors due within one year is a loan to a director, amounting to £ 18,288 (2024 - £0). Amounts repaid during the year totalled £NIL. The main conditions were as follows: The loan is interest free and repayable on demand.
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 2,222 | 2,222
| Trade creditors | 5,556 | 1,779
| Corporation tax | 10,184 | 9,531
| Other taxation and social security | 7,842 | 8,626
| Other creditors | 9,067 | 15,786
| Accruals and deferred income | 2,749 | 3,143
|  | 37,620 | 41,087
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 8,889 | 11,084
Page 7
28 LOW STREET LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
8. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 2,222 | 2,222
| Amounts falling due 1-2 years |  |
| Bank loans | 2,222 | 2,222
| Amounts falling due 2-5 years |  |
| Bank loans | 6,666 | 6,666
| Amounts falling due after more than 5 years |  |
| Bank loans | - | 2,196
|  | 11,110 | 13,306
9. | Financial instruments
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Financial assets |  |
| Financial assets measured at fair value through profit or loss | 17,154 | 17,154
| Financial assets measured at fair value through profit or loss comprise...
10. | Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £7,274 (2024 - £8,827). Contributions totalling £148 (2024 - £nil) were payable to the fund at the balance sheet date and are included in creditors.
Page 8