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REGISTERED NUMBER: 06711046 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

Rowol Commercial Limited

Rowol Commercial Limited (Registered number: 06711046)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rowol Commercial Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: J Bazerghi





SECRETARY: Ms G T Bazerghi





REGISTERED OFFICE: c/o Charles Wakeling & Co
231 Vauxhall Bridge Road
Victoria
London
SW1V 1AD





REGISTERED NUMBER: 06711046 (England and Wales)





ACCOUNTANTS: Charles Wakeling & Co
Accountant
231 Vauxhall Bridge Road
Victoria
London
SW1V 1AD

Rowol Commercial Limited (Registered number: 06711046)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 28,866 34,639

CURRENT ASSETS
Debtors 5 115,577 112,591
Cash at bank and in hand 11,278 15,704
126,855 128,295
CREDITORS
Amounts falling due within one year 6 37,029 39,289
NET CURRENT ASSETS 89,826 89,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,692

123,645

CREDITORS
Amounts falling due after more than one year 7 30,000 40,000
NET ASSETS 88,692 83,645

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 87,692 82,645
88,692 83,645

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

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

Rowol Commercial Limited (Registered number: 06711046)

Balance Sheet - continued
31 October 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 director and authorised for issue on 26 July 2024 and were signed by:





J Bazerghi - Director


Rowol Commercial Limited (Registered number: 06711046)

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

1. STATUTORY INFORMATION

Rowol Commercial 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

3. EMPLOYEES AND DIRECTORS

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

Rowol Commercial Limited (Registered number: 06711046)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 115,449
AMORTISATION
At 1 November 2022 80,810
Charge for year 5,773
At 31 October 2023 86,583
NET BOOK VALUE
At 31 October 2023 28,866
At 31 October 2022 34,639

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 29,988 27,002
Other debtors 85,589 85,589
115,577 112,591

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 11,328 9,219
Taxation and social security 11,904 12,311
Other creditors 13,797 17,759
37,029 39,289

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 30,000 40,000