Company registration number 07590839 (England and Wales)
Keith Lowe Motor Vehicle Repairs Limited
Annual report and unaudited financial statements
For the year ended 30 April 2025
Keith Lowe Motor Vehicle Repairs Limited
Company information
Director
Mr K Lowe
Company number
07590839
Registered office
71 West Vale
Little Neston
Cheshire
England
CH64 0SF
Keith Lowe Motor Vehicle Repairs Limited
Contents
Page
Director's report
1
Accountants' report
2
Statement of financial position
3 - 4
Notes to the financial statements
5 - 8
Keith Lowe Motor Vehicle Repairs Limited
Director's report
For the year ended 30 April 2025
- 1 -

The director presents his annual report and financial statements for the year ended 30 April 2025.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

Mr K Lowe
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr K Lowe
Director
21 January 2026
Keith Lowe Motor Vehicle Repairs Limited
Accountants' report to the director on the preparation of the unaudited statutory financial statements of Keith Lowe Motor Vehicle Repairs Limited for the year ended 30 April 2025
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Keith Lowe Motor Vehicle Repairs Limited for the year ended 30 April 2025 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Keith Lowe Motor Vehicle Repairs Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Keith Lowe Motor Vehicle Repairs Limited and state those matters that we have agreed to state to the b oard of d irectors of Keith Lowe Motor Vehicle Repairs Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Keith Lowe Motor Vehicle Repairs Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Keith Lowe Motor Vehicle Repairs Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Keith Lowe Motor Vehicle Repairs Limited. You consider that Keith Lowe Motor Vehicle Repairs Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Keith Lowe Motor Vehicle Repairs Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Accountants
21 January 2026
Keith Lowe Motor Vehicle Repairs Limited
Statement of financial position
As at 30 April 2025
30 April 2025
- 3 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
4,180
5,320
Current assets
Debtors
6
8,213
6,954
Cash at bank and in hand
432
1,385
8,645
8,339
Creditors: amounts falling due within one year
7
(3,383)
(2,834)
Net current assets
5,262
5,505
Total assets less current liabilities
9,442
10,825
Creditors: amounts falling due after more than one year
8
(9,013)
(10,343)
Net assets
429
482
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
428
481
Total equity
429
482
Keith Lowe Motor Vehicle Repairs Limited
Statement of financial position (continued)
As at 30 April 2025
30 April 2025
- 4 -

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 21 January 2026
Mr K Lowe
Director
Company registration number 07590839 (England and Wales)
Keith Lowe Motor Vehicle Repairs Limited
Notes to the financial statements
For the year ended 30 April 2025
- 5 -
1
Accounting policies
Company information

Keith Lowe Motor Vehicle Repairs Limited is a private company limited by shares incorporated in England and Wales. The registered office is 71 West Vale, Little Neston, Cheshire, England, CH64 0SF.

1.1
Basis of preparation

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Revenue

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

1.3
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortized evenly over its estimated useful life of ten years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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

Plant and equipment
10% on cost
Computers
33% on cost
1.5
Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

1.6
Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to/from related parties.

1.7
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognized in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognized in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Keith Lowe Motor Vehicle Repairs Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
1
Accounting policies
(Continued)
- 6 -
Current tax

Current tax is recognized 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 recognized 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 recognized 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 recognized 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.

1.8
Retirement benefits

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

1.9
Leases
As lessee

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

1.10

Debtors

Short term debtors are measured at transition price, less any impairment. Loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortized cost using the effective interest method, less any impairment.

1.11

Creditors

Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortized cost using the effective interest method.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
Keith Lowe Motor Vehicle Repairs Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
- 7 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2024 and 30 April 2025
4,500
Amortisation and impairment
At 1 May 2024 and 30 April 2025
4,500
Carrying amount
At 30 April 2025
-
0
At 30 April 2024
-
0
4
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 1 May 2024 and 30 April 2025
8,051
1,005
9,056
Depreciation and impairment
At 1 May 2024
3,066
670
3,736
Depreciation charged in the year
805
335
1,140
At 30 April 2025
3,871
1,005
4,876
Carrying amount
At 30 April 2025
4,180
-
0
4,180
At 30 April 2024
4,985
335
5,320
5
Operating Profit

The operating profit is stated after charging:

Depreciation - owned assets : 2025 - £1,140 (2024 - £1,466)

6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
8,213
6,954
Keith Lowe Motor Vehicle Repairs Limited
Notes to the financial statements (continued)
For the year ended 30 April 2025
- 8 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
2,784
2,235
Other creditors
599
599
3,383
2,834
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
9,013
10,343
9
Directors' transactions

Dividends totalling £4,000 (2024 - £4,000) were paid in the year in respect of shares held by the company's directors.

Loans
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
-
6,954
8,213
(6,954)
8,213
6,954
8,213
(6,954)
8,213
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