28 May 2022 false No description of principal activity Taxfiler 2023.9 SC181088business:PrivateLimitedCompanyLtd2022-05-282023-05-27 SC1810882022-05-27 SC1810882022-05-282023-05-27 SC181088business:AuditExemptWithAccountantsReport2022-05-282023-05-27 SC181088business:FilletedAccounts2022-05-282023-05-27 SC1810882023-05-27 SC181088business:Director12022-05-282023-05-27 SC181088business:RegisteredOffice2022-05-282023-05-27 SC1810882022-05-27 SC181088core:WithinOneYear2023-05-27 SC181088core:WithinOneYear2022-05-27 SC181088core:AfterOneYear2023-05-27 SC181088core:AfterOneYear2022-05-27 SC181088core:ShareCapitalcore:PreviouslyStatedAmount2023-05-27 SC181088core:ShareCapitalcore:PreviouslyStatedAmount2022-05-27 SC181088core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-27 SC181088core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-27 SC181088core:PreviouslyStatedAmount2023-05-27 SC181088core:PreviouslyStatedAmount2022-05-27 SC181088business:SmallEntities2022-05-282023-05-27 SC181088countries:Scotland2022-05-282023-05-27 SC181088core:LandBuildings2022-05-27 SC181088core:ComputerEquipment2022-05-27 SC181088core:LandBuildings2023-05-27 SC181088core:ComputerEquipment2023-05-27 SC181088core:LandBuildings2022-05-282023-05-27 SC181088core:ComputerEquipment2022-05-282023-05-27 SC1810882021-05-282022-05-27 iso4217:GBP xbrli:pure
Company Registration No. SC181088 (Scotland)
GOWAN EDWARDS LIMITED Unaudited accounts for the year ended 27 May 2023
GOWAN EDWARDS LIMITED Unaudited accounts Contents
Page
- 2 -
GOWAN EDWARDS LIMITED Company Information for the year ended 27 May 2023
Director
Neil David Edwards
Company Number
SC181088 (Scotland)
Registered Office
2 GOWAN PARK CUPAR FIFE KY15 4AZ
Accountants
Darren Kane MAAT Figure Four Accounting Ltd Office 2, 10 Milton Street Dundee DD3 6QQ
- 3 -
GOWAN EDWARDS LIMITED Statement of financial position as at 27 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
204,577 
204,679 
Current assets
Cash at bank and in hand
4,402 
2,242 
Creditors: amounts falling due within one year
(2,606)
(2,306)
Net current assets/(liabilities)
1,796 
(64)
Total assets less current liabilities
206,373 
204,615 
Creditors: amounts falling due after more than one year
(192,061)
(196,216)
Provisions for liabilities
Deferred tax
(12)
(12)
Net assets
14,300 
8,387 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
13,300 
7,387 
Shareholders' funds
14,300 
8,387 
For the year ending 27 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 October 2023 and were signed on its behalf by
Neil David Edwards Director Company Registration No. SC181088
- 4 -
GOWAN EDWARDS LIMITED Notes to the Accounts for the year ended 27 May 2023
1
Statutory information
GOWAN EDWARDS LIMITED is a private company, limited by shares, registered in Scotland, registration number SC181088. The registered office is 2 GOWAN PARK, CUPAR, FIFE, KY15 4AZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 27 May 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 28 May 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 28 May 2022
203,765 
2,801 
206,566 
At 27 May 2023
203,765 
2,801 
206,566 
Depreciation
At 28 May 2022
- 
1,887 
1,887 
Charge for the year
- 
102 
102 
At 27 May 2023
- 
1,989 
1,989 
Net book value
At 27 May 2023
203,765 
812 
204,577 
At 27 May 2022
203,765 
914 
204,679 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Accruals
2,606 
2,306 
- 5 -
GOWAN EDWARDS LIMITED Notes to the Accounts for the year ended 27 May 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
44,061 
43,216 
Loans from directors
148,000 
153,000 
192,061 
196,216 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 6 -