ACCOUNTS - Final Accounts preparation


Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-3011false2022-05-01truetrueNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01148414 2022-05-01 2023-04-30 01148414 2021-05-01 2022-04-30 01148414 2023-04-30 01148414 2022-04-30 01148414 c:Director1 2022-05-01 2023-04-30 01148414 d:CurrentFinancialInstruments 2023-04-30 01148414 d:CurrentFinancialInstruments 2022-04-30 01148414 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 01148414 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 01148414 d:ShareCapital 2023-04-30 01148414 d:ShareCapital 2022-04-30 01148414 d:RetainedEarningsAccumulatedLosses 2023-04-30 01148414 d:RetainedEarningsAccumulatedLosses 2022-04-30 01148414 c:FRS102 2022-05-01 2023-04-30 01148414 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 01148414 c:FullAccounts 2022-05-01 2023-04-30 01148414 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 01148414 2 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number:  01148414














LOWOOD SECURITIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


 
LOWOOD SECURITIES LIMITED
REGISTERED NUMBER: 01148414

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,427
530

Cash at bank and in hand
 5 
335,340
334,701

  
336,767
335,231

Creditors: amounts falling due within one year
 6 
(906)
(621)

Net current assets
  
 
 
335,861
 
 
334,610

Total assets less current liabilities
  
335,861
334,610

  

Net assets
  
335,861
334,610


Capital and reserves
  

Called up share capital 
  
110
110

Profit and loss account
  
335,751
334,500

  
335,861
334,610


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 January 2024.




D Clamp
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
LOWOOD SECURITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Lowood Securities Limited is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales (No.01148414). The address of the registered office is Park Farm, Church Road, Ashton Hayes, Chester, Cheshire CH3 8AB.
These financial statements present information about the company as an individual undertaking; it is not a member of a group of companies. The principal activity of the company is that of consultancy.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

 
LOWOOD SECURITIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Other debtors
1,427
530

1,427
530



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
335,340
334,701

335,340
334,701



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
613
554

Corporation tax
293
67

906
621



7.


Controlling party

The company is controlled by its director.

 
Page 3