J R Lowes Limited - Filleted accounts

J R Lowes Limited - Filleted accounts

J R LOWES LIMITED - Company Information

Print Friendly Version

Registered number
04701397
J R Lowes Limited
Report and Accounts
31 March 2017
J R Lowes Limited
Registered number: 04701397
Balance Sheet
as at 31 March 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 2 1,232 889
Current assets
Debtors 3 8,430 6,756
Cash at bank and in hand 660 90
9,090 6,846
Creditors: amounts falling due within one year 4 (8,930) (6,564)
Net current assets 160 282
Net assets 1,392 1,171
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,292 1,071
Shareholder's funds 1,392 1,171
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J R Lowes
Director
Approved by the board on 10 November 2017
J R Lowes Limited
Notes to the Accounts
for the year ended 31 March 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment and furniture at 20% on the reducing balance basis
2 Tangible fixed assets
Office equipment & furniture
£
Cost
At 1 April 2016 2,048
Additions 647
At 31 March 2017 2,695
Depreciation
At 1 April 2016 1,159
Charge for the year 304
At 31 March 2017 1,463
Net book value
At 31 March 2017 1,232
At 31 March 2016 889
3 Debtors 2017 2016
£ £
Trade debtors 5,380 4,100
Accrued income 2,761 2,390
Prepayments 289 266
8,430 6,756
4 Creditors: amounts falling due within one year 2017 2016
£ £
Trade creditors 145 39
Corporation tax 6,514 5,798
Other taxes and social security costs - 41
Director's loan account 2,271 686
8,930 6,564
5 Other information
J R Lowes Limited is a private company limited by shares and incorporated in England. Its registered office is:
102 Broadway
Morecambe
LA4 5XY
J R Lowes Limited 04701397 false 2016-04-01 2017-03-31 2017-03-31 VT Final Accounts September 2017 J R Lowes No description of principal activity 04701397 core:WithinOneYear 2016-03-31 04701397 core:ShareCapital 2016-03-31 04701397 core:RetainedEarningsAccumulatedLosses 2016-03-31 04701397 2016-04-01 2017-03-31 04701397 bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 04701397 bus:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 04701397 bus:Director40 2016-04-01 2017-03-31 04701397 core:PlantMachinery 2016-04-01 2017-03-31 04701397 countries:England 2016-04-01 2017-03-31 04701397 bus:FRS102 2016-04-01 2017-03-31 04701397 bus:FullAccounts 2016-04-01 2017-03-31 04701397 2017-03-31 04701397 core:WithinOneYear 2017-03-31 04701397 core:ShareCapital 2017-03-31 04701397 core:RetainedEarningsAccumulatedLosses 2017-03-31 04701397 core:PlantMachinery 2017-03-31 04701397 2016-03-31 04701397 core:PlantMachinery 2016-03-31 iso4217:GBP