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REGISTERED NUMBER: 10970012 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Mowlem And Company (Manufacturing)
Limited

Mowlem And Company (Manufacturing)
Limited (Registered number: 10970012)






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 (Manufacturing)
Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G Anderson
G R Mowlem
R Mowlem





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





REGISTERED NUMBER: 10970012 (England and Wales)





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

Mowlem And Company (Manufacturing)
Limited (Registered number: 10970012)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 667
Tangible assets 5 227,906 266,753
Investments 6 25,906 23,054
253,812 290,474

CURRENT ASSETS
Stocks 219,363 235,048
Debtors 7 143,709 216,389
Cash at bank and in hand 280,965 169,719
644,037 621,156
CREDITORS
Amounts falling due within one year 8 464,372 504,739
NET CURRENT ASSETS 179,665 116,417
TOTAL ASSETS LESS CURRENT
LIABILITIES

433,477

406,891

CREDITORS
Amounts falling due after more than
one year

9

(67,730

)

(88,083

)

PROVISIONS FOR LIABILITIES (55,567 ) (24,820 )
NET ASSETS 310,180 293,988

Mowlem And Company (Manufacturing)
Limited (Registered number: 10970012)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 310,080 293,888
310,180 293,988

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 (Manufacturing)
Limited (Registered number: 10970012)

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

1. STATUTORY INFORMATION

Mowlem And Company (Manufacturing) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10 - 33% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 (Manufacturing)
Limited (Registered number: 10970012)

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.

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 25 (2022 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 10,000
AMORTISATION
At 1 January 2023 9,333
Amortisation for year 667
At 31 December 2023 10,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 667

Mowlem And Company (Manufacturing)
Limited (Registered number: 10970012)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 15,838 226,196 52,559 83,399 377,992
Additions - 4,907 816 - 5,723
At 31 December 2023 15,838 231,103 53,375 83,399 383,715
DEPRECIATION
At 1 January 2023 8,768 62,493 25,113 14,865 111,239
Charge for year 1,431 27,004 5,855 10,280 44,570
At 31 December 2023 10,199 89,497 30,968 25,145 155,809
NET BOOK VALUE
At 31 December 2023 5,639 141,606 22,407 58,254 227,906
At 31 December 2022 7,070 163,703 27,446 68,534 266,753

6. 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

Mowlem And Company (Manufacturing)
Limited (Registered number: 10970012)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 65,057 176,813
Amounts owed by group undertakings 12,050 12,050
Other debtors 31,386 73
Prepayments 35,216 27,453
143,709 216,389

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 10,482 10,482
Trade creditors 64,471 135,548
Amounts owed to group undertakings 161,499 186,986
Tax 22,591 -
Social security and other taxes 17,730 14,533
VAT 109,343 92,591
Other creditors 56,371 18,487
Directors' loan accounts 2,450 2,450
Accrued expenses 9,435 33,662
464,372 504,739

9. 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 5,780 15,650
Hire purchase contracts 51,950 62,433
67,730 88,083