Registered number: 06423667 | ||||||||
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 | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 2 | |||||||||
Tangible assets | 3 | |||||||||
Investment Assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
370,506 | 405,494 | |||||||||
CREDITORS: Amounts falling due within one year | 7 | |||||||||
NET CURRENT LIABILITIES | ( | (1,334,564) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 8 | 862,707 | 956,620 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 10 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 11 | |||||||||
Profit and loss account | 296,286 | 1,166,140 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
Short Leasehold Properties | straight line 10% | |||||||
Fixtures and Fittings | reducing balance 20% | |||||||
Equipment | reducing balance 20% | |||||||
Motor Cars | reducing 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 | ||||||||
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 | |||||||||
Goodwill | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
Additions | 3,434,779 | 3,434,779 | |||||||
Disposals | (964,942) | (964,942) | |||||||
At 30/11/2023 | 2,469,837 | 2,469,837 | |||||||
Depreciation | |||||||||
For the year | 1,137,685 | 1,137,685 | |||||||
At 30/11/2023 | 1,137,685 | 1,137,685 | |||||||
Net Book Amounts | |||||||||
At 30/11/2023 | |||||||||
£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 Leasehold | Fixtures | |||||||||
Properties | and Fittings | Equipment | Motor Cars | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 01/12/2022 | 13,526 | 55,930 | 17,409 | 8,000 | 94,865 | |||||
Additions | 1,213 | 701 | 5,310 | - | 7,224 | |||||
At 30/11/2023 | 14,739 | 56,631 | 22,719 | 8,000 | 102,089 | |||||
Depreciation | ||||||||||
At 01/12/2022 | 5,448 | 45,496 | 10,464 | 4,723 | 66,131 | |||||
For the year | 1,019 | 2,227 | 2,451 | 655 | 6,352 | |||||
At 30/11/2023 | 6,467 | 47,723 | 12,915 | 5,378 | 72,483 | |||||
Net Book Amounts | ||||||||||
At 30/11/2023 | 8,272 | 29,606 | ||||||||
At 30/11/2022 | 8,078 | 28,734 | ||||||||
G Rowe Services Limited | ||||||||
4. FINANCIAL ASSETS | |||||||||
Shares in group companies | |||||||||
and participating interests | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/12/2022 | 3,434,981 | 3,434,981 | |||||||
Disposals | (3,434,779) | (3,434,779) | |||||||
At 30/11/2023 | 202 | 202 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 30/11/2023 | 202 | 202 | |||||||
At 30/11/2022 | 3,434,981 | 3,434,981 | |||||||
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 | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
6. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 191,703 | 142,637 | ||||||
VAT | 55,698 | 48,740 | ||||||
Other debtors | 498 | 456 | ||||||
Amounts due from group companies | - | 4,663 | ||||||
247,899 | 196,496 | |||||||
G Rowe Services Limited | ||||||||
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 33,963 | 25,391 | ||||||
PAYE control | - | 1,734 | ||||||
Directors current account | 45,220 | 51,107 | ||||||
Loans | 139,759 | 124,399 | ||||||
Hire purchase | 3,482 | 1,889 | ||||||
Trade creditors | 315,719 | 285,402 | ||||||
Accruals | 28,961 | 25,940 | ||||||
Amounts due to group companies | - | 1,224,196 | ||||||
567,104 | 1,740,058 | |||||||
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 | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Loans >1yr | 856,264 | 951,739 | ||||||
Hire purchase >1yr | 6,443 | 4,881 | ||||||
862,707 | 956,620 | |||||||
9. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 19 | |||||
G Rowe Services Limited | ||||||||
10. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Pensions | 1,641 | 1,893 | ||||||
Deferred taxation | 4,628 | 4,398 | ||||||
6,269 | 6,291 | |||||||
11. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
12. CONTROLLING PARTY | ||||||||
The controlling party are the directors and shareholders of the company. | ||||||||