Lowery Limited in Ashford, TW15 1AX

Description

Data updated on: 01-11-2023

This Lowery Limited company has been offering its services for at least seventy four years, having started in 1950. Registered under the number 00485460, Lowery was set up as a Private Limited Company located in Unit 301 Bedfont Industrial Estate, Ashford TW15 1AX. twenty five years ago the company changed its name from P.lowery And Sons to Lowery Limited. This company's SIC and NACE codes are 42990 and has the NACE code: Construction of other civil engineering projects n.e.c.. Lowery Ltd released its latest accounts for the period that ended on 2022-09-30. The latest annual confirmation statement was released on 2023-06-20.

Lowery Ltd is a medium-sized vehicle operator with the licence number OK1083559. The firm has two transport operating centres in the country. In their subsidiary in Cranleigh on Horsham Road, 4 machines and 2 trailers are available. The centre in Walton-on-thames on Sunnyside has 4 machines and 2 trailers.

Considering this particular firm's growth, it became unavoidable to acquire new directors: Daniel B., Mark G. and Kenneth H. who have been supporting each other for 9 years for the benefit of the business.

Previous company's names
Lowery Limited 1999-01-05
P.lowery And Sons Limited 1950-08-17

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-09-30	2020-09-30
Currency

Balance Sheet
Cash Bank On Hand	1 181 861	4 074 854
Current Assets	11 768 655	14 237 829
Debtors	10 586 794	10 162 975
Net Assets Liabilities	7 763 313	10 364 988
Other Debtors	28 023	19 222
Property Plant Equipment	358 501	317 486

Other Financial Data
Audit Fees Expenses	29 000	29 750
Other Non-audit Services Entity Subsidiaries Fees	10 363	10 000
Accrued Liabilities Deferred Income	271 535	104 770
Accumulated Depreciation Impairment Property Plant Equipment	858 912	909 845
Additions Other Than Through Business Combinations Property Plant Equipment		102 225
Administration Support Average Number Employees	25	25
Administrative Expenses	3 051 526	2 138 590
Amounts Owed By Group Undertakings	7 767 551	7 557 936
Amounts Owed To Group Undertakings	1 360 339	1 360 339
Applicable Tax Rate	19	19
Average Number Employees During Period	44	44
Commitments For Acquisition Property Plant Equipment		120 349
Comprehensive Income Expense	309 230	2 789 953
Corporation Tax Payable	117 944
Corporation Tax Recoverable		154 537
Cost Sales	13 756 014	10 081 618
Creditors	4 140 333	4 150 836
Current Tax For Period	137 036	199 821
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	-1 889	-1 877
Deferred Tax Liabilities	41 369	39 491
Depreciation Expense Property Plant Equipment	141 582	142 450
Depreciation Rate Used For Property Plant Equipment		20
Disposals Decrease In Depreciation Impairment Property Plant Equipment		91 517
Disposals Property Plant Equipment		92 307
Dividends Paid		188 278
Dividends Paid On Shares		188 278
Future Minimum Lease Payments Under Non-cancellable Operating Leases	216 324	98 401
Gain Loss On Disposals Property Plant Equipment	11 456	19 101
Government Grant Income		24 448
Gross Profit Loss	3 748 597	4 718 254
Income Expense Recognised Directly In Equity		-188 278
Income From Shares In Group Undertakings	-250 000	-100 244
Increase Decrease In Current Tax From Adjustment For Prior Periods		-491 394
Increase Decrease In Current Tax From Unrecognised Timing Difference From Prior Period	-1 889	-1 877
Increase Decrease In Existing Provisions		-1 878
Increase From Depreciation Charge For Year Property Plant Equipment		142 450
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings	9 830	10 325
Interest Income On Unlisted Debt Securities Held	7 136	2 960
Interest Payable Similar Charges Finance Costs	9 830	10 325
Net Current Assets Liabilities	7 628 322	10 086 993
Net Deferred Tax Liability Asset	-915	-879
Number Shares Issued Fully Paid	2 600 000	2 600 000
Operating Profit Loss	697 071	2 604 112
Other Creditors	94 401	9 445
Other Distribution Costs	1 419 136	1 156 376
Other Interest Receivable Similar Income Finance Income	7 136	2 960
Other Operating Income Format1		24 448
Other Provisions Balance Sheet Subtotal	182 141
Other Taxation Social Security Payable	427 607	674 415
Par Value Share		1
Pension Costs Defined Contribution Plan	90 645	36 726
Pension Other Post-employment Benefit Costs Other Pension Costs	90 645	36 726
Premises Costs	164 400	124 757
Prepayments Accrued Income	1 136 355	1 895 533
Production Average Number Employees	19	19
Profit Loss	309 230	2 789 953
Profit Loss On Ordinary Activities Before Tax	444 377	2 496 503
Property Plant Equipment Gross Cost	1 217 413	1 227 331
Provisions	223 510	39 491
Provisions Used		182 141
Revenue From Construction Contracts	17 504 611	14 799 872
Social Security Costs	222 581	158 642
Staff Costs Employee Benefits Expense	2 613 415	2 579 633
Taxation Including Deferred Taxation Balance Sheet Subtotal	41 369	39 491
Tax Expense Credit Applicable Tax Rate	84 432	474 336
Tax Increase Decrease Arising From Group Relief Tax Reconciliation		-12 184
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit		-285 625
Tax Increase Decrease From Effect Capital Allowances Depreciation	2 652	3 142
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	49 952	20 152
Tax Tax Credit On Profit Or Loss On Ordinary Activities	135 147	-293 450
Total Assets Less Current Liabilities	7 986 823	10 404 479
Total Current Tax Expense Credit	137 036	-291 573
Trade Creditors Trade Payables	1 868 507	2 001 867
Trade Debtors Trade Receivables	1 654 865	535 747
Turnover Revenue	17 504 611	14 799 872
Wages Salaries	2 300 189	2 384 265
Company Contributions To Money Purchase Plans Directors	40 000
Director Remuneration	152 182	146 075
Director Remuneration Benefits Excluding Payments To Third Parties	192 182	146 075
Number Directors Accruing Benefits Under Money Purchase Scheme	3	3