Company Registration No. 10211213 (England and Wales)
M Rowe Ltd
Unaudited accounts
for the year ended 30 June 2023
M Rowe Ltd
Unaudited accounts
Contents
M Rowe Ltd
Company Information
for the year ended 30 June 2023
Company Number
10211213 (England and Wales)
Registered Office
The Cottage
Sole Street
Gravesend
DA12 3AZ
Accountants
King & Taylor
123 Cross Lane East
Gravesend
Kent
DA12 5HA
M Rowe Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
3,061
2,390
Investment property
151,803
151,803
Cash at bank and in hand
8,269
4,115
Creditors: amounts falling due within one year
(49,435)
(25,326)
Net current assets/(liabilities)
6,244
(16,635)
Net assets
161,108
137,558
Called up share capital
1
1
Profit and loss account
161,107
137,557
Shareholders' funds
161,108
137,558
For the year ending 30 June 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 21 December 2023 and were signed on its behalf by
MJ Rowe
Director
Company Registration No. 10211213
M Rowe Ltd
Notes to the Accounts
for the year ended 30 June 2023
M Rowe Ltd is a private company, limited by shares, registered in England and Wales, registration number 10211213. The registered office is The Cottage, Sole Street, Gravesend, DA12 3AZ.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
20% straight line basis
Computer equipment
20% straight line basis
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
M Rowe Ltd
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2022
-
3,551
3,551
At 30 June 2023
470
4,459
4,929
At 1 July 2022
-
1,161
1,161
Charge for the year
78
849
927
At 30 June 2023
78
1,790
1,868
At 30 June 2023
392
2,669
3,061
At 30 June 2022
-
2,390
2,390
Fair value at 1 July 2022
151,803
Amounts falling due within one year
Accrued income and prepayments
4,939
4,576
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
5,536
5,101
Loans from directors
42,844
18,238
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).