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REGISTERED NUMBER: 03519457 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

COWLING CONSTRUCTION LIMITED

COWLING CONSTRUCTION LIMITED (REGISTERED NUMBER: 03519457)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COWLING CONSTRUCTION LIMITED

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mr M J Desoer
Mrs V A Desoer
Mr J Desoer





SECRETARY: Mr J Desoer





REGISTERED OFFICE: 24 Haigh Crescent
Chorley
Lancashire
PR7 2QS





REGISTERED NUMBER: 03519457 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

COWLING CONSTRUCTION LIMITED (REGISTERED NUMBER: 03519457)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 208,255 154,392
Investments 5 212,577 200,315
420,832 354,707

CURRENT ASSETS
Stocks 40,000 65,000
Debtors 6 226,971 459,914
Cash at bank 776,214 696,940
1,043,185 1,221,854
CREDITORS
Amounts falling due within one year 7 64,487 235,892
NET CURRENT ASSETS 978,698 985,962
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,399,530

1,340,669

PROVISIONS FOR LIABILITIES 45,629 29,334
NET ASSETS 1,353,901 1,311,335

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 1,353,898 1,311,332
SHAREHOLDERS' FUNDS 1,353,901 1,311,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

COWLING CONSTRUCTION LIMITED (REGISTERED NUMBER: 03519457)

Balance Sheet - continued
31st March 2024


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 Board of Directors and authorised for issue on 4th September 2024 and were signed on its behalf by:




Mrs V A Desoer - Director Mr M J Desoer - Director




Mr J Desoer - Director


COWLING CONSTRUCTION LIMITED (REGISTERED NUMBER: 03519457)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Cowling Construction 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Revenue is recognised when goods and services have been delivered to customers such that risks and rewards of ownership have transferred to them.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Fixed asset investment
The Investment Bond is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is shown through the profit and loss account.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

COWLING CONSTRUCTION LIMITED (REGISTERED NUMBER: 03519457)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st April 2023 134,207 169,500 303,707
Additions 11,749 97,000 108,749
Disposals - (18,000 ) (18,000 )
At 31st March 2024 145,956 248,500 394,456
DEPRECIATION
At 1st April 2023 81,102 68,213 149,315
Charge for year 14,789 32,340 47,129
Eliminated on disposal - (10,243 ) (10,243 )
At 31st March 2024 95,891 90,310 186,201
NET BOOK VALUE
At 31st March 2024 50,065 158,190 208,255
At 31st March 2023 53,105 101,287 154,392

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
£    £   
Investment Bond 212,577 200,315

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 10,141 336,674
Amounts recoverable on contract - 9,320
Other debtors 200,983 100,333
Prepayments 15,847 13,587
226,971 459,914

COWLING CONSTRUCTION LIMITED (REGISTERED NUMBER: 03519457)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 24,271 157,984
Tax 16,530 36,530
Social security and other taxes 6,190 7,340
VAT 7,435 24,447
Other creditors 4,604 3,566
Directors' current accounts 992 1,589
Accrued expenses and deferred
income 4,465 4,436
64,487 235,892

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
3 Ordinary 1 3 3

9. RELATED PARTY DISCLOSURES

At the 31 March 2024 the company owed its directors £992 (2023 £1,589). No interest has been charged to the company in respect of this loan and there is no formal repayment date for this loan.

10. CONTROLLING PARTY

Throughout the current and previous year, Mr M & Mrs V Desoer, directors, have controlled the company by virtue of holding 66.67% of the issued ordinary share capital.