FJ Lowery & Son Roofing Ltd

	Page
Abridged Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Abridged Financial Statements	4—6

Registered number: 07052358

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		24,088		31,024

			24,088		31,024
CURRENT ASSETS
Stocks		12,147		3,780
Debtors	6	233,750		215,531
Cash at bank and in hand		94,183		103,297

		340,080		322,608
Creditors: Amounts Falling Due Within One Year		(42,162 )		(33,514 )

NET CURRENT ASSETS (LIABILITIES)			297,918		289,094

TOTAL ASSETS LESS CURRENT LIABILITIES			322,006		320,118

Creditors: Amounts Falling Due After More Than One Year			(87,219 )		(61,449 )

NET ASSETS			234,787		258,669

CAPITAL AND RESERVES
Called up share capital	7		3		3
Profit and Loss Account			234,784		258,666

SHAREHOLDERS' FUNDS			234,787		258,669

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FJ Lowery & Son Roofing Ltd

Abridged Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 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.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 October 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mrs A L Lowery Director	Mr S F Lowery Director
31/05/2026

The notes on pages 4 to 6 form part of these financial statements.

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 November 2023	3	329,711	329,714
Loss for the year and total comprehensive income	-	(11,045 )	(11,045)

Dividends paid	-	(60,000)	(60,000)

As at 31 October 2024 and 1 November 2024	3	258,666	258,669


Profit for the year and total comprehensive income	-	36,118	36,118

Dividends paid	-	(60,000)	(60,000)

As at 31 October 2025	3	234,784	234,787

1. General Information

FJ Lowery & Son Roofing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07052358 . The registered office is 38 Ash Grove, Whitchurch, Cardiff, CF14 1BG.

2. Accounting Policies

2.1. 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.

2.2. 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.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. 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 balalnce
Computer Equipment	25% reducing balance

2.5. 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.

2.6. 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.

...CONTINUED

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FJ Lowery & Son Roofing Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 October 2025

2.6. Taxation - continued

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 12)

4. Intangible Assets

	Total
	£
Cost
As at 1 November 2024	300,000

As at 31 October 2025	300,000

Amortisation
As at 1 November 2024	300,000

As at 31 October 2025	300,000

Net Book Value
As at 31 October 2025	-

As at 1 November 2024	-

5. Tangible Assets

	Total
	£
Cost
As at 1 November 2024	82,554
Additions	4,607
Disposals	(14,000 )

As at 31 October 2025	73,161

Depreciation
As at 1 November 2024	51,530
Provided during the period	6,130
Disposals	(8,587 )

As at 31 October 2025	49,073

Net Book Value
As at 31 October 2025	24,088

As at 1 November 2024	31,024

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FJ Lowery & Son Roofing Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 October 2025

6. Debtors

	2025	2024
	£	£
Due after more than one year
Inter-Company Loan	174,164	174,164

The Inter-Company loan was formed in October 2023 when F J Lowery & Son Roofing Ltd transferred funds to F J Lowery & Son Properties Ltd. The share ownership and structure of both companies are identical.

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	3	3

8. Directors Advances, Credits and Guarantees

Included within long term creditors are the following loans from directors:

	As at 1 November 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 October 2025
	£	£	£	£	£
Mrs Ann Lowery	28,526	38,100	23,017	-	43,609
Mr Steven Lowery	28,526	38,100	23,017	-	43,610

The above loan is unsecured, interest free and repayable on demand.

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