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REGISTERED NUMBER: 06728955 (England and Wales)
















Financial Statements

for the Year Ended 31 December 2023

for

Rowan Food & Biomass Engineering Limited

Rowan Food & Biomass Engineering Limited (Registered number: 06728955)

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










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Rowan Food & Biomass Engineering Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P H Rowan
Mrs S Rowan
M Rowan





REGISTERED OFFICE: 701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT





REGISTERED NUMBER: 06728955 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Rowan Food & Biomass Engineering Limited

Report of the Accountants to the Directors of
Rowan Food & Biomass Engineering Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GCSD Accountants Limited


29 August 2024

Rowan Food & Biomass Engineering Limited (Registered number: 06728955)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,585 34,275
Investments 5 270,608 101,167
297,193 135,442

CURRENT ASSETS
Stocks 120,282 90,110
Debtors 6 199,848 514,198
Cash at bank 98,235 248,178
418,365 852,486
CREDITORS
Amounts falling due within one year 7 119,951 373,087
NET CURRENT ASSETS 298,414 479,399
TOTAL ASSETS LESS CURRENT
LIABILITIES

595,607

614,841

PROVISIONS FOR LIABILITIES 2,602 423
NET ASSETS 593,005 614,418

Rowan Food & Biomass Engineering Limited (Registered number: 06728955)

Balance Sheet - continued
31 December 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 592,905 614,318
SHAREHOLDERS' FUNDS 593,005 614,418

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





Mrs S Rowan - Director


Rowan Food & Biomass Engineering Limited (Registered number: 06728955)

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


1. STATUTORY INFORMATION

Rowan Food & Biomass Engineering 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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 - 33% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Rowan Food & Biomass Engineering Limited (Registered number: 06728955)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 4,999 41,850 6,091 52,940
Additions 177 - 1,489 1,666
At 31 December 2023 5,176 41,850 7,580 54,606
DEPRECIATION
At 1 January 2023 3,059 10,462 5,144 18,665
Charge for year 699 7,847 810 9,356
At 31 December 2023 3,758 18,309 5,954 28,021
NET BOOK VALUE
At 31 December 2023 1,418 23,541 1,626 26,585
At 31 December 2022 1,940 31,388 947 34,275

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST OR VALUATION
At 1 January 2023 101,167
Additions 177,500
Disposals (20,000 )
Revaluations 11,941
At 31 December 2023 270,608
NET BOOK VALUE
At 31 December 2023 270,608
At 31 December 2022 101,167

Rowan Food & Biomass Engineering Limited (Registered number: 06728955)

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


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2023 is represented by:

Other
investment
£   
Valuation in 2023 11,941
Cost 258,667
270,608

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 171,676 395,644
Other debtors 28,172 118,554
199,848 514,198

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 42,141 102,910
Taxation and social security 56,375 67,079
Other creditors 21,435 203,098
119,951 373,087