Company registration number 04793025 (England and Wales)
LOWE ELECTRICAL CONTRACTORS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
PAGES FOR FILING WITH REGISTRAR
LOWE ELECTRICAL CONTRACTORS LTD
CONTENTS
Page
Directors' responsibilities statement
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
LOWE ELECTRICAL CONTRACTORS LTD
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 APRIL 2026
- 1 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

LOWE ELECTRICAL CONTRACTORS LTD
BALANCE SHEET
AS AT
30 APRIL 2026
30 April 2026
- 2 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
140,916
95,690
Current assets
Stocks
3,000
3,000
Debtors
4
2,123,270
1,689,574
Cash at bank and in hand
1,159,369
1,147,605
3,285,639
2,840,179
Creditors: amounts falling due within one year
5
(1,030,272)
(1,082,646)
Net current assets
2,255,367
1,757,533
Total assets less current liabilities
2,396,283
1,853,223
Creditors: amounts falling due after more than one year
6
(30,997)
(18,921)
Provisions for liabilities
(33,507)
(21,810)
Net assets
2,331,779
1,812,492
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
2,331,778
1,812,491
Total equity
2,331,779
1,812,492

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

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

LOWE ELECTRICAL CONTRACTORS LTD
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2026
30 April 2026
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 21 July 2026 and are signed on its behalf by:
Mr D M Gee
Director
Company Registration No. 04793025
LOWE ELECTRICAL CONTRACTORS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2026
- 4 -
1
Accounting policies
Company information

Lowe Electrical Contractors Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit F, Whiteacres, Cambridge Road, Whetstone, Leicestershire, LE8 6ZG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 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. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable and is shown net of VAT and trade discounts.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably.

1.3
Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and a ccumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset over its estimated useful li fe as follows:

Leasehold improvements
4% on cost
Plant and machinery
15% on cost
Fixtures, fittings & equipment
15% on cost and 15% on reducing balance
Computer equipment
25% on cost
Motor vehicles
15% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each balance sheet date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Stocks

Stocks are stated at the lower of cost and estimated net realisable value after making due allowance for obsolete and slow moving items.

LOWE ELECTRICAL CONTRACTORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
1
Accounting policies
(Continued)
- 5 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Taxation

The tax charge represents the sum of the tax currently payable and deferred tax.

Current tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 balance sheet date.

Deferred tax

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous tax periods. Deferred tax is recognised in respect of all timing differences with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expenses in tax periods different from those in which they are recognised in the financial statements. The company's liability for deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes represent amounts payable by the company to the funds in respect of the year.

1.9
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under hire purchase and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element is charged to the profit and loss account so as produce a constant periodic rate of interest on the remaining balance of the liability.

LOWE ELECTRICAL CONTRACTORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
- 6 -
2
Employees

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

2026
2025
Number
Number
Total
35
34
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 May 2025
107,315
199,671
306,986
Additions
-
0
66,491
66,491
Disposals
-
0
(17,915)
(17,915)
At 30 April 2026
107,315
248,247
355,562
Depreciation and impairment
At 1 May 2025
102,353
108,943
211,296
Depreciation charged in the year
248
14,361
14,609
Eliminated in respect of disposals
-
0
(11,259)
(11,259)
At 30 April 2026
102,601
112,045
214,646
Carrying amount
At 30 April 2026
4,714
136,202
140,916
At 30 April 2025
4,962
90,728
95,690
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
1,131,758
621,771
Other debtors
975,262
1,034,053
2,107,020
1,655,824
2026
2025
Amounts falling due after more than one year:
£
£
Deferred tax asset
16,250
33,750
Total debtors
2,123,270
1,689,574
LOWE ELECTRICAL CONTRACTORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2026
- 7 -
5
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
371,827
154,011
Taxation and social security
253,706
379,077
Other creditors
404,739
549,558
1,030,272
1,082,646

Included within other creditors is £22,928 (2025: £17,757) in respect of net obligations under hire purchase contracts. These liabilities are secured on the assets concerned.

6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Other creditors
30,997
18,921

Other creditors falling due after more than one year represents net obligations under hire purchase contracts. These liabilities are secured on the assets concerned.

7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2026
2025
£
£
227,096
150,141
8
Related party transactions

Included within other debtors is an amount of £767,865 (2025: £767,865) in respect of a loan made to a company under common control. The loan is repayable on demand and is interest free.

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