LOWE_&_SIMPSON_(DEVELOPME - Accounts

LOWE_&_SIMPSON_(DEVELOPME - Accounts

LOWE & SIMPSON (DEVELOPMENTS) LTD - Company Information

Print Friendly Version

Company Registration No. 02312419 (England and Wales)
LOWE & SIMPSON (DEVELOPMENTS) LTD
DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
LOWE & SIMPSON (DEVELOPMENTS) LTD
COMPANY INFORMATION
Directors
Mr J S Haddon
Mr T Leach
Mr P F Pearson
Secretary
Mr J S Haddon
Company number
02312419
Registered office
Vickers Close
Preston Farm Industrial Estate
Stockton on Tees
TS18 3TD
Accountants
Evolution Business and Tax Advisors LLP
Wynyard Park House
Wynyard Avenue
Wynyard
TS22 5TB
Bankers
Yorkshire Bank plc
307 Linthorpe Road
Middlesbrough
TS2 1AA
LOWE & SIMPSON (DEVELOPMENTS) LTD
CONTENTS
Page
Directors' report
1
Accountants' report
2
Balance sheet
3
Notes to the financial statements
4 - 5
LOWE & SIMPSON (DEVELOPMENTS) LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 1 -

The directors present their report and unaudited financial statements for the year ended 30 September 2014. The company is dormant and has not traded during the year.

Directors
The following directors have held office since 1 October 2013:
Mr J S Haddon
Mr T Leach
Mr P F Pearson
On behalf of the board
Mr J S Haddon
Director
29 April 2015
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2014
The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
LOWE & SIMPSON (DEVELOPMENTS) LTD
CHARTERED ACCOUNTANTS' REPORT TO THE TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LOWE & SIMPSON (DEVELOPMENTS) LTD FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 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 Lowe & Simpson (Developments) Ltd for the year ended 30 September 2014 set out on pages 3 to 5 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, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Lowe & Simpson (Developments) Ltd, as a body, in accordance with the terms of our engagement letter dated 18 March 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Lowe & Simpson (Developments) Ltd and state those matters that we have agreed to state to the Board of Directors of Lowe & Simpson (Developments) Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lowe & Simpson (Developments) Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Lowe & Simpson (Developments) Ltd 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 loss of Lowe & Simpson (Developments) Ltd. You consider that Lowe & Simpson (Developments) Ltd 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 Lowe & Simpson (Developments) Ltd. 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 financial statements.
Evolution Business and Tax Advisors LLP
5 May 2015
Chartered Accountants
Wynyard Park House
Wynyard Avenue
Wynyard
TS22 5TB
LOWE & SIMPSON (DEVELOPMENTS) LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2014
30 September 2014
- 3 -
2014
2013
Notes
£
£
Current assets
Debtors
2
13,615
13,615
Cash at bank and in hand
11
11
13,626
13,626
Creditors: amounts falling due within one year
3
(15,203)
(15,203)
Total assets less current liabilities
(1,577)
(1,577)
Capital and reserves
Called up share capital
4
1,000
1,000
Profit and loss account
5
(2,577)
(2,577)
Shareholders' funds
(1,577)
(1,577)
Audit exemption statement
For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; and
-
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.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 29 April 2015
Mr J S Haddon
Director
Company Registration No. 02312419
LOWE & SIMPSON (DEVELOPMENTS) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 4 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
2
Debtors
2014
2013
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
12,035
12,035
Other debtors
1,580
1,580
13,615
13,615
3
Creditors: amounts falling due within one year
2014
2013
£
£
Other creditors
15,203
15,203
4
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1,000 ordinary shares of £1 each
1,000
1,000
5
Statement of movements on profit and loss account
Profit and loss
account
£
Balance at 1 October 2013
(2,577)
Balance at 30 September 2014
(2,577)
LOWE & SIMPSON (DEVELOPMENTS) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 5 -
6
Control
The ultimate parent company is Lowe & Simpson Group Limited which is a company incorporated in Great Britain.
7
Related party relationships and transactions

The company was owed £12,034 (2013 - £12,034) by its parent company, Lowe & Simpson Group Limited.

2014-09-302013-10-01truefalsetruetruetruetruetmpDA75.html2015-05-18023124192013-10-012014-09-3002312419uk-bus:CompanySecretaryDirector2013-10-012014-09-3002312419uk-bus:Director12013-10-012014-09-3002312419uk-bus:Director22013-10-012014-09-3002312419uk-bus:CompanySecretary2013-10-012014-09-3002312419uk-bus:RegisteredOffice2013-10-012014-09-3002312419uk-bus:EntityAccountantsOrAuditors2013-10-012014-09-30023124192014-09-3002312419uk-bus:EntityAccountantsOrAuditors2014-09-30023124192013-09-30023124192013-09-3002312419uk-bus:OrdinaryShareClass12013-10-012014-09-3002312419uk-bus:OrdinaryShareClass12014-09-3002312419uk-bus:OrdinaryShareClass12013-09-30xbrli:purexbrli:sharesiso4217:GBP