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REGISTERED NUMBER: 06096133 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

MOWERPOWER LIMITED

MOWERPOWER LIMITED (REGISTERED NUMBER: 06096133)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31ST DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MOWERPOWER LIMITED

COMPANY INFORMATION
for the Year Ended 31ST DECEMBER 2023







DIRECTORS: R W Webster
D M Webster
L Webster





SECRETARY: D M Webster





REGISTERED OFFICE: 327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN





REGISTERED NUMBER: 06096133 (England and Wales)





ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN

MOWERPOWER LIMITED (REGISTERED NUMBER: 06096133)

ABRIDGED BALANCE SHEET
31ST DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,045 44,712

CURRENT ASSETS
Stocks 296,984 233,855
Debtors 15,052 13,456
Cash at bank and in hand 28,840 15,619
340,876 262,930
CREDITORS
Amounts falling due within one year 202,817 162,000
NET CURRENT ASSETS 138,059 100,930
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,104

145,642

CREDITORS
Amounts falling due after more than one
year

(3,402

)

(7,900

)

PROVISIONS FOR LIABILITIES 6 (7,609 ) (8,495 )
NET ASSETS 167,093 129,247

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 167,091 129,245
SHAREHOLDERS' FUNDS 167,093 129,247

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

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

MOWERPOWER LIMITED (REGISTERED NUMBER: 06096133)

ABRIDGED BALANCE SHEET - continued
31ST DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 18th September 2024 and were signed on its behalf by:





D M Webster - Director


MOWERPOWER LIMITED (REGISTERED NUMBER: 06096133)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Mowerpower 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 represents the net total of all sales of goods and services for the period, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance and 10% on cost
Motor vehicles - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

MOWERPOWER LIMITED (REGISTERED NUMBER: 06096133)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 12 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2023 77,885
Additions 7,583
Disposals (529 )
At 31st December 2023 84,939
DEPRECIATION
At 1st January 2023 33,173
Charge for year 12,023
Eliminated on disposal (302 )
At 31st December 2023 44,894
NET BOOK VALUE
At 31st December 2023 40,045
At 31st December 2022 44,712

MOWERPOWER LIMITED (REGISTERED NUMBER: 06096133)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST DECEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1st January 2023
and 31st December 2023 24,878
DEPRECIATION
At 1st January 2023 2,073
Charge for year 5,701
At 31st December 2023 7,774
NET BOOK VALUE
At 31st December 2023 17,104
At 31st December 2022 22,805

5. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31/12/23 31/12/22
£    £   
Net obligations repayable:
Within one year 4,497 4,497
Between one and five years 3,402 7,900
7,899 12,397

6. PROVISIONS FOR LIABILITIES
31/12/23 31/12/22
£    £   
Deferred tax 7,609 8,495

Deferred
tax
£   
Balance at 1st January 2023 8,495
Provided during year (886 )
Accelerated capital allowances
Balance at 31st December 2023 7,609

MOWERPOWER LIMITED (REGISTERED NUMBER: 06096133)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST DECEMBER 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid up:
Number: Class: Nominalvalue: 31.12.22 31.12.21
£ £
200 Ordinary £0.01 2.00 2.00
20 Ordinary A £0.01 0.20 0.20
20 Ordinary B £0.01 0.20 0.20
20 Ordinary C £0.01 0.20 0.20
2.60 2.60

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2023 and 31st December 2022:

31/12/23 31/12/22
£    £   
R W Webster and L Webster
Balance outstanding at start of year (266 ) (531 )
Amounts advanced - 265
Amounts repaid (2,250 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,516 ) (266 )

9. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by the directors who collectively control 100% of the share capital.