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REGISTERED NUMBER: 01174654 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Rowland Way Limited

Rowland Way Limited (Registered number: 01174654)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rowland Way Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs C D Ashton
L J Ashton





SECRETARY: Mrs C D Ashton





REGISTERED OFFICE: Unit 2
Southmoor Lane
Havant
Hampshire
PO9 1JW





REGISTERED NUMBER: 01174654 (England and Wales)





ACCOUNTANTS: Brenda Cannon
Chartered Accountant
13 Bartholomew Close
Haslemere
Surrey
GU27 1EN

Rowland Way Limited (Registered number: 01174654)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,714 23,056

CURRENT ASSETS
Stocks 9,750 11,250
Debtors 5 147,498 104,998
Cash at bank 159,206 68,220
316,454 184,468
CREDITORS
Amounts falling due within one year 6 118,636 67,474
NET CURRENT ASSETS 197,818 116,994
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,532

140,050

PROVISIONS FOR LIABILITIES 7 3,175 775
NET ASSETS 211,357 139,275

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 50 50
Retained earnings 211,207 139,125
SHAREHOLDERS' FUNDS 211,357 139,275

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Rowland Way Limited (Registered number: 01174654)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:





Mrs C D Ashton - Director


Rowland Way Limited (Registered number: 01174654)

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

1. STATUTORY INFORMATION

Rowland Way 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 goods and 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.
Leasehold buildings - 20% on cost
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Going concern
The Directors remain confident that sufficient funding is in place and that the company has adequate resources to enable it to continue as a going concern for the foreseeable future.

Rowland Way Limited (Registered number: 01174654)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Plant and Motor
buildings machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 7,323 135,273 6,500 149,096
DEPRECIATION
At 1 April 2022 7,323 114,654 4,063 126,040
Charge for year - 4,717 1,625 6,342
At 31 March 2023 7,323 119,371 5,688 132,382
NET BOOK VALUE
At 31 March 2023 - 15,902 812 16,714
At 31 March 2022 - 20,619 2,437 23,056

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 143,962 101,970
Prepayments and accrued income 3,536 3,028
147,498 104,998

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 45,371 28,032
Tax 15,007 -
Social security and other taxes 33,781 22,122
Other creditors 24,477 17,320
118,636 67,474

7. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 3,175 775

Deferred
tax
£   
Balance at 1 April 2022 775
Provided during year 2,400
Balance at 31 March 2023 3,175

Rowland Way Limited (Registered number: 01174654)

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

8. RELATED PARTY DISCLOSURES

During the year total dividends of £2,000 were paid to Mrs C D Ashton. (2022: £2,000)

9. ULTIMATE CONTROLLING PARTY

Mrs C D Ashton (Director) holds all of the 100 Ordinary Shares in issue.