1
31/07/2023
2023-07-31
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No description of principal activities is disclosed
2022-08-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
11447395
2022-08-01
2023-07-31
11447395
2023-07-31
11447395
2022-07-31
11447395
2021-08-01
2022-07-31
11447395
2022-07-31
11447395
core:IntangibleAssetsOtherThanGoodwill
2022-08-01
2023-07-31
11447395
core:FurnitureFittingsToolsEquipment
2022-08-01
2023-07-31
11447395
core:MotorVehicles
2022-08-01
2023-07-31
11447395
bus:RegisteredOffice
2022-08-01
2023-07-31
11447395
bus:OrdinaryShareClass1
2022-08-01
2023-07-31
11447395
bus:LeadAgentIfApplicable
2022-08-01
2023-07-31
11447395
bus:Director1
2022-08-01
2023-07-31
11447395
bus:CompanySecretary1
2022-08-01
2023-07-31
11447395
core:IntangibleAssetsOtherThanGoodwill
2022-07-31
11447395
core:IntangibleAssetsOtherThanGoodwill
2023-07-31
11447395
core:FurnitureFittingsToolsEquipment
2022-07-31
11447395
core:MotorVehicles
2022-07-31
11447395
core:FurnitureFittingsToolsEquipment
2023-07-31
11447395
core:MotorVehicles
2023-07-31
11447395
core:DeferredTaxation
2022-08-01
2023-07-31
11447395
core:WithinOneYear
2023-07-31
11447395
core:WithinOneYear
2022-07-31
11447395
core:AfterOneYear
2023-07-31
11447395
core:AfterOneYear
2022-07-31
11447395
core:UKTax
2022-08-01
2023-07-31
11447395
core:UKTax
2021-08-01
2022-07-31
11447395
core:ShareCapital
2023-07-31
11447395
core:ShareCapital
2022-07-31
11447395
core:RetainedEarningsAccumulatedLosses
2023-07-31
11447395
core:RetainedEarningsAccumulatedLosses
2022-07-31
11447395
bus:OrdinaryShareClass1
core:ShareCapital
2023-07-31
11447395
bus:OrdinaryShareClass1
core:ShareCapital
2022-07-31
11447395
core:IntangibleAssetsOtherThanGoodwill
2022-07-31
11447395
core:AcceleratedTaxDepreciationDeferredTax
2023-07-31
11447395
core:AcceleratedTaxDepreciationDeferredTax
2022-07-31
11447395
core:FurnitureFittingsToolsEquipment
2022-07-31
11447395
core:MotorVehicles
2022-07-31
11447395
core:LeasedAssetsHeldAsLessee
core:MotorVehicles
2023-07-31
11447395
core:LeasedAssetsHeldAsLessee
core:MotorVehicles
2022-07-31
11447395
core:DeferredTaxation
2022-07-31
11447395
core:DeferredTaxation
2023-07-31
11447395
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2022-08-01
2023-07-31
11447395
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2023-07-31
11447395
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2023-07-31
11447395
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2023-07-31
11447395
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2022-08-01
2023-07-31
Company registration number:
11447395
Trowler A W Limited
Unaudited filleted financial statements
31 July 2023
Trowler A W Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Trowler A W Limited
Directors and other information
|
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Director |
A Trowler |
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Secretary |
C Trowler |
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Company number |
11447395 |
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Registered office |
Craven House |
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32 Lee Lane |
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Horwich |
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Bolton |
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BL6 7BY |
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Business address |
28 Phillips Lane |
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Formby |
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Merseyside |
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L34 4AZ |
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Accountants |
Leach Briely |
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Craven House |
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32 Lee Lane |
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Horwich |
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Bolton |
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BL6 7BY |
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Bankers |
Santander |
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Customer Service Centre |
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Bootle |
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Merseyside |
|
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L30 4GB |
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|
Trowler A W Limited
Accountants report to the director on the preparation of the
unaudited statutory financial statements of Trowler A W Limited
Year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Trowler A W Limited for the year ended 31 July 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Assosiation of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com.
This report is made solely to the director of Trowler A W Limited, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Trowler A W Limited and state those matters that we have agreed to state to them, in this report in accordance with the requirements of the Assosiation of Chartered Certified Accountants as detailed at www.accaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trowler A W Limited and its director for our work or for this report.
It is your duty to ensure that Trowler A W 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 Trowler A W Limited. You consider that Trowler A W 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 Trowler A W 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.
Leach Briely
Accountants
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY
30 October 2023
Trowler A W Limited
Statement of financial position
31 July 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Intangible assets |
|
7 |
6,000 |
|
|
|
7,000 |
|
|
Tangible assets |
|
8 |
76,189 |
|
|
|
15,955 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
82,189 |
|
|
|
22,955 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
33,850 |
|
|
|
33,500 |
|
|
Debtors |
|
9 |
233,904 |
|
|
|
162,388 |
|
|
Cash at bank and in hand |
|
|
29,408 |
|
|
|
72,016 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
297,162 |
|
|
|
267,904 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
10 |
(
59,883) |
|
|
|
(
63,558) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
237,279 |
|
|
|
204,346 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
319,468 |
|
|
|
227,301 |
|
|
|
|
|
|
|
|
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|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
11 |
|
|
(
72,917) |
|
|
|
(
38,750) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
12 |
|
|
(
20,190) |
|
|
|
(
3,989) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
226,361 |
|
|
|
184,562 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
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|
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Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
14 |
|
|
1 |
|
|
|
1 |
Profit and loss account |
|
|
|
|
226,360 |
|
|
|
184,561 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholder funds |
|
|
|
|
226,361 |
|
|
|
184,562 |
|
|
|
|
|
_______ |
|
|
|
_______ |
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For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered 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'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
30 October 2023
, and are signed on behalf of the board by:
A Trowler
Director
Company registration number:
11447395
Trowler A W Limited
Notes to the financial statements
Year ended 31 July 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Craven House, 32 Lee Lane, Horwich, Bolton, BL6 7BY.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements are prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current period. Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
|
|
|
Franchise fee |
- |
10 % |
straight line |
|
|
|
|
Tangible assets
Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Fittings fixtures and equipment |
- |
20 % |
reducing balance |
|
Motor vehicles |
- |
25 % |
reducing balance |
|
|
|
|
|
Stocks
Stocks are measured at estimated cost.
Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, and impairment loss is recognised in the Statement of income and retained earnings.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
5.
Interest payable and similar expenses
|
|
|
|
2023 |
2022 |
|
|
|
|
£ |
£ |
|
Bank loan |
|
|
1,531 |
1,669 |
|
Other loans made to the company: |
|
|
|
|
|
|
Finance leases and hire purchase contracts |
|
1,145 |
1,840 |
|
|
|
|
_______ |
_______ |
|
|
|
|
2,676 |
3,509 |
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
6.
Tax on profit
Major components of tax expense
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Current tax: |
|
|
|
|
UK current tax expense |
|
11,547 |
24,336 |
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Deferred tax: |
|
|
|
|
Origination and reversal of timing differences |
|
16,201 |
(
1,306) |
|
|
|
_______ |
_______ |
|
Tax on profit |
|
27,748 |
23,030 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Intangible assets
|
|
Franchise fee |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 August 2022 and 31 July 2023 |
10,000 |
10,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 August 2022 |
3,000 |
3,000 |
|
|
|
|
|
Charge for the year |
1,000 |
1,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 July 2023 |
4,000 |
4,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 July 2023 |
6,000 |
6,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 July 2022 |
7,000 |
7,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
8.
Tangible assets
|
|
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 August 2022 |
2,045 |
40,100 |
42,145 |
|
|
|
|
|
Additions |
- |
70,000 |
70,000 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 July 2023 |
2,045 |
110,100 |
112,145 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 August 2022 |
932 |
25,258 |
26,190 |
|
|
|
|
|
Charge for the year |
222 |
9,544 |
9,766 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 July 2023 |
1,154 |
34,802 |
35,956 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 July 2023 |
891 |
75,298 |
76,189 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 July 2022 |
1,113 |
14,842 |
15,955 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
Obligations under finance leases
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
|
|
|
|
|
|
|
|
|
|
|
Motor vehicles |
|
|
|
|
|
|
|
|
£ |
|
|
|
|
|
|
|
At 31 July 2023 |
64,167 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
At 31 July 2022 |
12,023 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade debtors |
|
50,766 |
66,926 |
|
Other debtors |
|
183,138 |
95,462 |
|
|
|
_______ |
_______ |
|
|
|
233,904 |
162,388 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loan |
|
5,000 |
5,000 |
|
Trade creditors |
|
23,670 |
18,992 |
|
Corporation tax |
|
11,547 |
24,336 |
|
Social security and other taxes |
|
334 |
8,246 |
|
Other creditors |
|
19,332 |
6,984 |
|
|
|
_______ |
_______ |
|
|
|
59,883 |
63,558 |
|
|
|
_______ |
_______ |
|
|
|
|
|
11.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loan |
|
33,750 |
38,750 |
|
Other creditors |
|
39,167 |
- |
|
|
|
_______ |
_______ |
|
|
|
72,917 |
38,750 |
|
|
|
_______ |
_______ |
|
|
|
|
|
The bank loan is repayable by monthly instalments to 30th June 2031. Instalments falling due after 31st July 2028 amount to £13,750.
12.
Provisions
|
|
Deferred tax (note 13) |
Total |
|
|
|
|
|
£ |
£ |
|
|
|
|
At 1 August 2022 |
3,989 |
3,989 |
|
|
|
|
Additions |
16,201 |
16,201 |
|
|
|
|
|
_______ |
_______ |
|
|
|
|
At 31 July 2023 |
20,190 |
20,190 |
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
13.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Included in provisions (note 12) |
|
20,190 |
3,989 |
|
|
|
_______ |
_______ |
|
|
|
|
|
The deferred tax account consists of the tax effect of timing differences in respect of:
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Accelerated capital allowances |
|
20,190 |
3,989 |
|
|
|
_______ |
_______ |
|
|
|
|
|
14.
Called up share capital
Issued, called up and fully paid
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
|
No |
|
£ |
|
No |
|
£ |
|
Ordinary shares of £
1.00 each |
|
1 |
|
1 |
|
1 |
|
1 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
|
|
|
|
|
|
|
|
|
15.
Directors advances, credits and guarantees
Other debtors includes £160,941 in respect of cumulative net advances made to the director by the company. The advances are interest free with no specific terms of repayment.