REGISTERED NUMBER: 06990903 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2018

FOR

LOWES MANAGEMENT AND DEVELOPMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs A Lowes

SECRETARY:

REGISTERED OFFICE:

2A Zodiac House

Calleva Park

Aldermaston

Berkshire

RG7 8HN

REGISTERED NUMBER:

06990903 (England and Wales)

FIXED ASSETS

Tangible assets

3

32,605

344

CURRENT ASSETS

Debtors

4

17,355

10,149

Cash at bank

65,375

73,511

82,730

83,660

CREDITORS

Amounts falling due within one year

5

16,182

26,551

NET CURRENT ASSETS

66,548

57,109

TOTAL ASSETS LESS CURRENT LIABILITIES

99,153

57,453

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

99,152

57,452

SHAREHOLDERS' FUNDS

99,153

57,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 30 May 2019 and were signed by:

Mrs A Lowes - Director

1.	STATUTORY INFORMATION

Lowes Management and Development Limited is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2017

-

1,720

1,720

Additions

32,605

-

32,605

At 31 August 2018

32,605

1,720

34,325

DEPRECIATION

At 1 September 2017

-

1,376

1,376

Charge for year

-

344

344

At 31 August 2018

-

1,720

1,720

NET BOOK VALUE

At 31 August 2018

32,605

-

32,605

At 31 August 2017

-

344

344

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/18

31/8/17

£

£

Trade debtors

2,055

10,149

Other debtors

15,300

-

17,355

10,149

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/18

31/8/17

£

£

Trade creditors

(1

)

(1

)

Taxation and social security

12,913

15,851

Other creditors

3,270

10,701

16,182

26,551