Lowery Power Systems Limited Filleted accounts for Companies House (small and micro)

LOWERY POWER SYSTEMS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 06336776

Lowery Power Systems Limited

Filleted Unaudited Financial Statements

30 September 2022

Lowery Power Systems Limited

Statement of Financial Position

30 September 2022

	2022		2021
Note	£	£	£

Current assets

Debtors	4	100		100
		----		----
Net current assets			100	100
			----	----
Total assets less current liabilities			100	100
			----	----

Capital and reserves

Called up share capital	5	100	100
		----	----
Shareholders funds		100	100
		----	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

The company did not trade during the current year or prior year and has not made either a profit or loss.

For the year ending 30 September 2022 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 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 27 June 2023 , and are signed on behalf of the board by:

M Gubbins

Director

Company registration number: 06336776

Lowery Power Systems Limited

Notes to the Financial Statements

Year ended 30 September 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 301 Bedfont Industrial Estate, Challenge Road, Ashford, Middlesex, TW15 1AX, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities to fair value as specified in the accounting policies below. The financial statements are prepared in sterling.

Dormant status

The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Debtors

	2022	2021
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	100	100
	----	----

5. Called up share capital

Issued, called up and fully paid

	2022		2021
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

6. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

7. Related party transactions

As a wholly owned subsidiary, the company has taken advantage of the disclosure exemption available under Financial Reporting Standard 102 in respect of transactions with other group companies.

8. Controlling party

In the opinion of the directors the immediate parent undertaking is Lowery Holdings Limited , a company incorporated in England and Wales. The ultimate parent undertaking is Lowery Group Limited , a company incorporated in England and Wales, registered at Unit 301 Bedfont Industrial Estate, Challenge Road, Ashford, Middlesex, England, TW15 1AX . The results of the company are included within the consolidated accounts of Lowery Group Limited.