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REGISTERED NUMBER: 10969720 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Mowlem And Company (Design) Limited

Mowlem And Company (Design) Limited (Registered number: 10969720)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mowlem And Company (Design) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J Brown
G R Mowlem
R Mowlem





REGISTERED OFFICE: 21 Clayton Road
Newcastle upon Tyne
NE2 4RP





REGISTERED NUMBER: 10969720 (England and Wales)





ACCOUNTANTS: Douglas Shaw Limited
7 Brenkley Way
Blezard Business Park
Seaton Burn
Tyne and Wear
NE13 6DS

Mowlem And Company (Design) Limited (Registered number: 10969720)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,980 21,744
Investments 5 25,906 23,054
45,886 44,798

CURRENT ASSETS
Stocks 74,601 84,256
Debtors 6 350,322 313,954
Cash at bank and in hand 388,141 385,522
813,064 783,732
CREDITORS
Amounts falling due within one year 7 629,327 559,207
NET CURRENT ASSETS 183,737 224,525
TOTAL ASSETS LESS CURRENT
LIABILITIES

229,623

269,323

CREDITORS
Amounts falling due after more than
one year

8

(14,167

)

(24,167

)

PROVISIONS FOR LIABILITIES (4,061 ) (4,114 )
NET ASSETS 211,395 241,042

Mowlem And Company (Design) Limited (Registered number: 10969720)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 211,295 240,942
211,395 241,042

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





G R Mowlem - Director


Mowlem And Company (Design) Limited (Registered number: 10969720)

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

1. STATUTORY INFORMATION

Mowlem And Company (Design) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the amounts receivable in the ordinary course of business from the provision of goods and services to customers. Turnover is measured at the fair value of the right to consideration net of discounts and value added tax. The company recognises revenue at the point of despatch of goods or provision of services.

Sales order deposits represent amounts received upon orders being made and are held within creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Plant and machinery - 10 - 33% on cost
Fixtures and fittings - 10% on cost

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 Income Statement, 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.


Mowlem And Company (Design) Limited (Registered number: 10969720)

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

2. ACCOUNTING POLICIES - continued
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.

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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 1,800 9,796 35,381 7,820 54,797
Additions 3,737 - - 958 4,695
Disposals - - - (2,618 ) (2,618 )
At 31 December 2023 5,537 9,796 35,381 6,160 56,874
DEPRECIATION
At 1 January 2023 1,710 9,511 17,592 4,240 33,053
Charge for year 90 285 3,843 2,241 6,459
Eliminated on disposal - - - (2,618 ) (2,618 )
At 31 December 2023 1,800 9,796 21,435 3,863 36,894
NET BOOK VALUE
At 31 December 2023 3,737 - 13,946 2,297 19,980
At 31 December 2022 90 285 17,789 3,580 21,744

Mowlem And Company (Design) Limited (Registered number: 10969720)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 23,054
Revaluations 2,852
At 31 December 2023 25,906
NET BOOK VALUE
At 31 December 2023 25,906
At 31 December 2022 23,054

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2023 25,906

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 74,752 30,870
Amounts owed by group undertakings 163,902 188,902
Other debtors 16,248 10,830
Prepayments 95,420 83,352
350,322 313,954

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 34,966 82,937
Tax 39,345 23,846
Social security and other taxes 4,403 9,574
VAT 4,420 24,363
Other creditors 521,854 393,024
Accrued expenses 14,339 15,463
629,327 559,207

Mowlem And Company (Design) Limited (Registered number: 10969720)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 4,167 14,167
14,167 24,167