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REGISTERED NUMBER: 00800833 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

H.A. & C. Rowley Limited

H.A. & C. Rowley Limited (Registered number: 00800833)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H.A. & C. Rowley Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: I C Rowley
R C Rowley





SECRETARY: Mrs S F Rowley





REGISTERED OFFICE: 27 Scotland Way
Horsforth
Leeds
West Yorkshire
LS18 5SQ





REGISTERED NUMBER: 00800833 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

H.A. & C. Rowley Limited (Registered number: 00800833)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,134 55,741

CURRENT ASSETS
Debtors 5 55,538 58,840
Cash at bank 547,900 426,393
603,438 485,233
CREDITORS
Amounts falling due within one year 6 130,651 99,594
NET CURRENT ASSETS 472,787 385,639
TOTAL ASSETS LESS CURRENT
LIABILITIES

546,921

441,380

PROVISIONS FOR LIABILITIES 13,095 6,272
NET ASSETS 533,826 435,108

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 533,326 434,608
SHAREHOLDERS' FUNDS 533,826 435,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

H.A. & C. Rowley Limited (Registered number: 00800833)

Balance Sheet - continued
31 May 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





I C Rowley - Director


H.A. & C. Rowley Limited (Registered number: 00800833)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

H.A. & C. Rowley Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services excluding value added tax. Revenue is recognised when the company obtains the right to receive consideration for services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 10% on reducing balance
Office equipment - 10% on reducing balance and Straight line over 3 years
Motor vehicles - 25% on reducing balance

Financial instruments
Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

H.A. & C. Rowley Limited (Registered number: 00800833)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Office Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 June 2022 2,600 42,817 40,967 114,483 200,867
Additions - 4,466 142 33,790 38,398
At 31 May 2023 2,600 47,283 41,109 148,273 239,265
DEPRECIATION
At 1 June 2022 1,065 25,645 27,885 90,531 145,126
Charge for year 153 2,163 3,253 14,436 20,005
At 31 May 2023 1,218 27,808 31,138 104,967 165,131
NET BOOK VALUE
At 31 May 2023 1,382 19,475 9,971 43,306 74,134
At 31 May 2022 1,535 17,172 13,082 23,952 55,741

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 23,043 37,780
Other debtors 32,495 21,060
55,538 58,840

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 1,652 1,112
Taxation and social security 68,899 40,708
Other creditors 60,100 57,774
130,651 99,594

H.A. & C. Rowley Limited (Registered number: 00800833)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.23 31.5.22
£    £   
Within one year 20,000 20,000
Between one and five years 41,667 61,667
61,667 81,667