Lowery International Contractors Limited Company accounts

Lowery International Contractors Limited Company accounts

LOWERY INTERNATIONAL CONTRACTORS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 01308871
Lowery International Contractors Limited
Unaudited Financial Statements
30 September 2020
Lowery International Contractors Limited
Financial Statements
Year ended 30 September 2020
Contents
Page
Officers and professional advisers
1
Directors' report
2
Statement of financial position
3
Notes to the financial statements
4
The following pages do not form part of the financial statements
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
7
Lowery International Contractors Limited
Officers and Professional Advisers
The board of directors
K G Henson
D N Burge
M Gubbins
Registered office
Unit 301 Bedfont Industrial Estate
Challenge Road
Ashford
Middlesex
England
TW15 1AX
Accountants
Shipleys LLP
Chartered accountants
5 Godalming Business Centre
Woolsack Way
Godalming
Surrey
GU7 1XW
Lowery International Contractors Limited
Directors' Report
Year ended 30 September 2020
The directors present their report and the unaudited financial statements of the company for the year ended 30 September 2020 .
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.
Directors
The directors who served the company during the year were as follows:
K G Henson
D N Burge
M Gubbins
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 2 June 2021 and signed on behalf of the board by:
M Gubbins
Director
Registered office:
Unit 301 Bedfont Industrial Estate
Challenge Road
Ashford
Middlesex
England
TW15 1AX
Lowery International Contractors Limited
Statement of Financial Position
30 September 2020
2020
2019
Note
£
£
£
Current assets
Debtors
4
10,000
10,000
--------
--------
Net current assets
10,000
10,000
--------
--------
Total assets less current liabilities
10,000
10,000
--------
--------
Capital and reserves
Called up share capital
5
10,000
10,000
--------
--------
Shareholders funds
10,000
10,000
--------
--------
These financial statements have been prepared 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'.
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 2020 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 2 June 2021 , and are signed on behalf of the board by:
M Gubbins
Director
Company registration number: 01308871
Lowery International Contractors Limited
Notes to the Financial Statements
Year ended 30 September 2020
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, which is the functional currency of the entity.
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
2020
2019
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
10,000
10,000
--------
--------
5. Called up share capital
Issued, called up and fully paid
2020
2019
No.
£
No.
£
Ordinary shares of £ 1 each
10,000
10,000
10,000
10,000
--------
--------
--------
--------
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.
Lowery International Contractors Limited
Management Information
Year ended 30 September 2020
The following pages do not form part of the financial statements.
Lowery International Contractors Limited
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Lowery International Contractors Limited
Year ended 30 September 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lowery International Contractors Limited for the year ended 30 September 2020, which comprise the statement of financial position and the related notes 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Lowery International Contractors Limited, as a body, in accordance with the terms of our engagement letter dated 8 December 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Lowery International Contractors Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lowery International Contractors Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Lowery International Contractors Limited 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 profit of Lowery International Contractors Limited. You consider that Lowery International Contractors Limited 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 Lowery International Contractors Limited. 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.
Shipleys LLP Chartered accountants
5 Godalming Business Centre Woolsack Way Godalming Surrey GU7 1XW
2 June 2021