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REGISTERED NUMBER: 07512236 (England and Wales)















ROWE AND MARTIN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






ROWE AND MARTIN LIMITED (REGISTERED NUMBER: 07512236)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROWE AND MARTIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Mr S Martin





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 07512236 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

ROWE AND MARTIN LIMITED (REGISTERED NUMBER: 07512236)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,536 6,270

CURRENT ASSETS
Stocks 5 3,744 7,906
Debtors 6 33,330 29,757
Cash in hand 50 50
37,124 37,713
CREDITORS
Amounts falling due within one year 7 52,260 40,878
NET CURRENT LIABILITIES (15,136 ) (3,165 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,600

)

3,105

CREDITORS
Amounts falling due after more than one
year

8

17,667

19,628
NET LIABILITIES (27,267 ) (16,523 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (27,268 ) (16,524 )
SHAREHOLDERS' FUNDS (27,267 ) (16,523 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ROWE AND MARTIN LIMITED (REGISTERED NUMBER: 07512236)

BALANCE SHEET - continued
28 FEBRUARY 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 director and authorised for issue on 24 November 2023 and were signed by:





Mr S Martin - Director


ROWE AND MARTIN LIMITED (REGISTERED NUMBER: 07512236)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Rowe And Martin 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

ROWE AND MARTIN LIMITED (REGISTERED NUMBER: 07512236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 6,380 15,170 3,090 24,640
Additions - - 744 744
At 28 February 2023 6,380 15,170 3,834 25,384
DEPRECIATION
At 1 March 2022 3,190 12,606 2,574 18,370
Charge for year 479 641 358 1,478
At 28 February 2023 3,669 13,247 2,932 19,848
NET BOOK VALUE
At 28 February 2023 2,711 1,923 902 5,536
At 28 February 2022 3,190 2,564 516 6,270

5. STOCKS
2023 2022
£    £   
Work-in-progress 3,744 7,906

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 32,693 29,757
Other debtors 637 -
33,330 29,757

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,439 11,921
Taxation and social security 6,090 4,111
Other creditors 34,731 24,846
52,260 40,878

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 17,667 19,628

ROWE AND MARTIN LIMITED (REGISTERED NUMBER: 07512236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

9. GOING CONCERN

The director Mr S Martin has confirmed that he will continue to give financial support to the company until such time as its position improves. Mr S Martin has confirmed he will not recall his loan within 12 months. Mr S Martin considers that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn.