Low Moor Engineering Company Limited

	Page
Company Information	1
Statement of Financial Position	2—3
Notes to the Financial Statements	4—6

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Statement of Financial Position

As At 30 June 2025

Statement of Financial Position

Registered number: 00994163

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		677,126		678,676

			677,126		678,676
CURRENT ASSETS
Debtors	5	556		-
Cash at bank and in hand		370,948		369,234

		371,504		369,234
Creditors: Amounts Falling Due Within One Year	6	(19,102 )		(25,157 )

NET CURRENT ASSETS (LIABILITIES)			352,402		344,077

TOTAL ASSETS LESS CURRENT LIABILITIES			1,029,528		1,022,753

Creditors: Amounts Falling Due After More Than One Year	7		-		(8,969 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(76,533 )		(84,005 )

NET ASSETS			952,995		929,779

CAPITAL AND RESERVES
Called up share capital	9		20,000		20,000
Revaluation reserve	10		475,722		476,004
Income Statement			457,273		433,775

SHAREHOLDERS' FUNDS			952,995		929,779

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Low Moor Engineering Company Limited

Statement of Financial Position (continued)

As At 30 June 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement.

On behalf of the board

Mr Ian Allsop

Director

13/08/2025

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

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Low Moor Engineering Company Limited

Notes to the Financial Statements

For The Year Ended 30 June 2025

Notes to the Financial Statements

1. General Information

Low Moor Engineering Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00994163 . The registered office is Alexandra House, 123 Priestsic Road, Sutton-In-Ashfield, Nottinghamshire, NG17 4EA.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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. 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:

Freehold	0%
Motor Vehicles	20% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under 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. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.5. Taxation

Taxation 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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Low Moor Engineering Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

2.5. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.6. Debtors and creditors

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

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

3. Average Number of Employees

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

4. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Total
	£	£	£
Cost or Valuation
As at 1 July 2024	650,001	67,969	717,970
Additions	5,619	-	5,619

As at 30 June 2025	655,620	67,969	723,589

Depreciation
As at 1 July 2024	-	39,294	39,294
Provided during the period	-	7,169	7,169

As at 30 June 2025	-	46,463	46,463

Net Book Value
As at 30 June 2025	655,620	21,506	677,126

As at 1 July 2024	650,001	28,675	678,676

If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:

	Land & Property
	Freehold
	£
Cost	258,962
Accumulated depreciation and impairment	83,179

Carrying amount	175,783

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Low Moor Engineering Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	556	-

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	8,969	10,762
Other creditors	6,341	7,952
Taxation and social security	3,792	6,443

	19,102	25,157

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	8,969

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	8,969	10,762
Later than one year and not later than five years	-	8,969

	8,969	19,731

	8,969	19,731

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	20,000	20,000

10. Reserves

	Revaluation Reserve
	£
As at 1 July 2024	476,004
Tax relating to components of other comprehensive income	(282 )

As at 30 June 2025	475,722

11. Directors Advances, Credits and Guarantees

At the balance sheet date, the directors were owed £3,184 (2024: £4,794) by the company.

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Director	Mr Ian Allsop

Secretary	Mr Ian Allsop

Company Number	00994163

Registered Office	Alexandra House
	123 Priestsic Road
	Sutton-In-Ashfield
	Nottinghamshire
	NG17 4EA

Accountants	Gregory Priestley & Stewart
	Chartered Accountants
	Alexandra House
	123 Priestsic Road
	Sutton In Ashfield
	Nottinghamshire
	NG17 4EA