06423667falsePharmacy 2022-12-012023-11-30http://www.companieshouse.gov.uk/2022-11-30http://www.companieshouse.gov.uk/cd:CompanySecretary12022-12-012023-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2022-11-30http://www.companieshouse.gov.uk/cd:Director12022-12-012023-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-11-30http://www.companieshouse.gov.uk/cd:Director22022-12-012023-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-12-012023-11-30http://www.companieshouse.gov.uk/pt:MotorCars2022-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-11-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-12-012023-11-30http://www.companieshouse.gov.uk/pt:MotorCars2023-11-30http://www.companieshouse.gov.uk/pt:NetGoodwill2023-11-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-12-012023-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-11-30http://www.companieshouse.gov.uk/pt:NetGoodwill2022-12-012023-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-11-30http://www.companieshouse.gov.uk/2022-12-012023-11-30http://www.companieshouse.gov.uk/2022-11-30http://www.companieshouse.gov.uk/cd:FRS1022022-12-012023-11-30http://www.companieshouse.gov.uk/2023-11-30http://www.companieshouse.gov.uk/cd:FullAccounts2022-12-012023-11-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-12-012023-11-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 06423667

G Rowe Services Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023

Prepared By:
Staffer Mayled & Co Ltd
46-48 Station Road
Cardiff
CF14 5LU

G Rowe Services Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
DIRECTORS
Gareth Rowe
Catherine Rowe
SECRETARY
Catherine Rowe
REGISTERED OFFICE
46-48 Station Road
Llanishen
Cardiff
CF14 5LU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06423667
ACCOUNTANTS
Staffer Mayled & Co Ltd
46-48 Station Road
Cardiff
CF14 5LU

G Rowe Services Limited

ACCOUNTS
FOR THEYEARENDED30/11/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

G Rowe Services Limited

BALANCE SHEET AT 30/11/2023
20232022
Notes££
FIXED ASSETS
Intangible assets21,332,152-
Tangible assets329,60628,734
Investment Assets42023,434,981
1,361,9603,463,715
CURRENT ASSETS
Stock76,12372,365
Debtors6247,899196,496
Cash at bank and in hand46,484136,633
370,506405,494
CREDITORS: Amounts falling due within one year7567,1041,740,058
NET CURRENT LIABILITIES(196,598)(1,334,564)
TOTAL ASSETS LESS CURRENT LIABILITIES1,165,3622,129,151
CREDITORS: Amounts falling due after more than one year8862,707956,620
PROVISIONS FOR LIABILITIES AND CHARGES106,2696,291
NET ASSETS296,3861,166,240
CAPITAL AND RESERVES
Called up share capital11100100
Profit and loss account296,2861,166,140
SHAREHOLDERS' FUNDS296,3861,166,240
For the year ending 30/11/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 18/07/2024 and signed on their behalf by
.............................
Gareth Rowe
Director

G Rowe Services Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesstraight line 10%
Fixtures and Fittingsreducing balance 20%
Equipmentreducing balance 20%
Motor Carsreducing balance 20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

G Rowe Services Limited

1f. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
Additions3,434,7793,434,779
Disposals(964,942)(964,942)
At 30/11/20232,469,8372,469,837
Depreciation
For the year1,137,6851,137,685
At 30/11/20231,137,6851,137,685
Net Book Amounts
At 30/11/20231,332,1521,332,152
£3,434,779 of goodwill additions in period are related to hive up of Alan T Brown Limited and Hugh Morris Limited.
£964,942 of goodwill disposals are related to impairment of goodwill upon hive up.
3. TANGIBLE FIXED ASSETS
Short LeaseholdFixtures
Propertiesand FittingsEquipmentMotor CarsTotal
£££££
Cost
At 01/12/202213,52655,93017,4098,00094,865
Additions1,2137015,310-7,224
At 30/11/202314,73956,63122,7198,000102,089
Depreciation
At 01/12/20225,44845,49610,4644,72366,131
For the year1,0192,2272,4516556,352
At 30/11/20236,46747,72312,9155,37872,483
Net Book Amounts
At 30/11/20238,2728,9089,8042,62229,606
At 30/11/20228,07810,4346,9453,27728,734

G Rowe Services Limited

4. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 01/12/20223,434,9813,434,981
Disposals(3,434,779)(3,434,779)
At 30/11/2023202202
Amortisation
Net Book Amounts
At 30/11/2023202202
At 30/11/20223,434,9813,434,981
The profit for the financial period of Alan T Brown Limited - 01472168 was £nil (2022 - £nil) and the aggragate amount of capital and reserves at the end of the period was £nil (2022 - (£4,663) )
The profit for the financial period of Hugh Morris Limited - 00638890 was £nil (2022 - £nil) and the aggragate amount of capital and reserves at the end of the period was £nil (2022 - £1,227,928).
Disposal of £3,434,779 of shares in group companies in period are related to hive up of Alan T Brown Limited and Hugh Morris Limited.
5. STOCK 20232022
££
Stock comprises:
Stock76,12372,365
76,12372,365
6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors191,703142,637
VAT55,69848,740
Other debtors498456
Amounts due from group companies-4,663
247,899196,496

G Rowe Services Limited

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax33,96325,391
PAYE control-1,734
Directors current account45,22051,107
Loans139,759124,399
Hire purchase3,4821,889
Trade creditors315,719285,402
Accruals28,96125,940
Amounts due to group companies-1,224,196
567,1041,740,058
On the 13/05/2022 the company entered into a hire purchase agreement of 48 payments of £157.44. On the 16/02/2023 the company entered into a hire purchase agreement of 48 payments of £132.76. In July 2016 the company entered into a loan agreement of 180 payments at variable rate: BoE base rate + margin of 2.8%. In November 2022, monthly repayment was in region of £500 inclusive of interest. In August 2018 the company entered into a loan agreement of 120 payments fixed at £4,646.60. In December 2018 the company entered into a loan agreement of 120 payments at variable rate: BoE base rate + margin of 3.49%. In November 2022, monthly repayment was in region of £1,000 inclusive of interest. In August 2019 the company entered into a loan agreement of 120 payments at variable rate: BoE base rate + margin of 2.2%. In November 2022, monthly repayment was in region of £4,800 inclusive of interest.
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Loans >1yr856,264951,739
Hire purchase >1yr6,4434,881
862,707956,620
9. EMPLOYEES
20232022
No.No.
Average number of employees1919

G Rowe Services Limited

10. PROVISIONS FOR LIABILITIES 20232022
££
Pensions1,6411,893
Deferred taxation4,6284,398
6,2696,291
11. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
12. CONTROLLING PARTY
The controlling party are the directors and shareholders of the company.