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REGISTERED NUMBER: 03833661 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Romwy Power Garden Machinery Limited

Romwy Power Garden Machinery Limited (Registered number: 03833661)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Romwy Power Garden Machinery Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: G J Harrison





REGISTERED OFFICE: Unit F
Giles Lane Industrial Estate
Landford
Salisbury
Wiltshire
SP5 2BG





REGISTERED NUMBER: 03833661 (England and Wales)





ACCOUNTANTS: RWB Tax Consultants Limited
G8 Lynch Lane Offices
Lynch Lane
Weymouth
Dorset
DT4 9DN

Romwy Power Garden Machinery Limited (Registered number: 03833661)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,647 24,003

CURRENT ASSETS
Stocks 95,421 128,735
Debtors 5 42,750 44,079
Cash at bank and in hand 38,759 79,042
176,930 251,856
CREDITORS
Amounts falling due within one year 6 185,532 245,585
NET CURRENT (LIABILITIES)/ASSETS (8,602 ) 6,271
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,045

30,274

PROVISIONS FOR LIABILITIES 4,561 4,561
NET ASSETS 14,484 25,713

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 14,384 25,613
SHAREHOLDERS' FUNDS 14,484 25,713

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

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

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 director and authorised for issue on 3 April 2024 and were signed by:



G J Harrison - Director


Romwy Power Garden Machinery Limited (Registered number: 03833661)

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

1. STATUTORY INFORMATION

Romwy Power Garden Machinery 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

Romwy Power Garden Machinery Limited (Registered number: 03833661)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 August 2022 12,208 31,956 2,653
Additions - 11,666 -
At 31 July 2023 12,208 43,622 2,653
DEPRECIATION
At 1 August 2022 12,208 27,263 955
Charge for year - 3,272 340
At 31 July 2023 12,208 30,535 1,295
NET BOOK VALUE
At 31 July 2023 - 13,087 1,358
At 31 July 2022 - 4,693 1,698

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 41,718 2,290 90,825
Additions - - 11,666
At 31 July 2023 41,718 2,290 102,491
DEPRECIATION
At 1 August 2022 24,183 2,213 66,822
Charge for year 4,384 26 8,022
At 31 July 2023 28,567 2,239 74,844
NET BOOK VALUE
At 31 July 2023 13,151 51 27,647
At 31 July 2022 17,535 77 24,003

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 40,807 40,636
Other debtors - 1,500
Prepayments 1,943 1,943
42,750 44,079

Romwy Power Garden Machinery Limited (Registered number: 03833661)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 34,281 43,535
Trade creditors 44,102 100,296
Tax 6,154 5,113
Social security and other taxes 7,233 6,463
VAT 31,904 20,679
Other creditors 680 6,191
Directors' current accounts 59,103 61,333
Accrued expenses 2,075 1,975
185,532 245,585

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G J Harrison.