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REGISTERED NUMBER: 04000259 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Mowlem and Company (London) Limited

Mowlem and Company (London) Limited (Registered number: 04000259)






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 (London) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G R Mowlem
R Luder
P H Luder
R Mowlem





SECRETARY: G R Mowlem





REGISTERED OFFICE: Studio 7
555 Kings Road
London
SW6 2EB





REGISTERED NUMBER: 04000259 (England and Wales)





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

Mowlem and Company (London) Limited (Registered number: 04000259)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,229 100,714
Investments 5 51,697 46,722
137,926 147,436

CURRENT ASSETS
Stocks 96,686 117,853
Debtors 6 144,518 193,564
Cash at bank and in hand 588,380 717,435
829,584 1,028,852
CREDITORS
Amounts falling due within one year 7 623,661 806,831
NET CURRENT ASSETS 205,923 222,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

343,849

369,457

PROVISIONS FOR LIABILITIES 19,650 24,691
NET ASSETS 324,199 344,766

CAPITAL AND RESERVES
Called up share capital 130 130
Capital redemption reserve 8 70 70
Retained earnings 8 323,999 344,566
SHAREHOLDERS' FUNDS 324,199 344,766

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.

Mowlem and Company (London) Limited (Registered number: 04000259)

Balance Sheet - continued
31 December 2023


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 (London) Limited (Registered number: 04000259)

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

1. STATUTORY INFORMATION

Mowlem and Company (London) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equip, F&F - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Showroom Costs - 5% 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 (London) Limited (Registered number: 04000259)

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 8 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Office
Short Equip, Motor Showroom
leasehold F&F vehicles Costs Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December
2023

15,997

24,702

15,863

142,238

198,800
DEPRECIATION
At 1 January 2023 14,047 19,140 14,606 50,293 98,086
Charge for year 1,950 3,878 315 8,342 14,485
At 31 December 2023 15,997 23,018 14,921 58,635 112,571
NET BOOK VALUE
At 31 December 2023 - 1,684 942 83,603 86,229
At 31 December 2022 1,950 5,562 1,257 91,945 100,714

Mowlem and Company (London) Limited (Registered number: 04000259)

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 46,722
Revaluations 4,975
At 31 December 2023 51,697
NET BOOK VALUE
At 31 December 2023 51,697
At 31 December 2022 46,722

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2023 51,697

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 19,788 26,894
Other debtors 98,609 137,002
Prepayments 26,121 29,668
144,518 193,564

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 85,044 202,218
Tax 26,181 125,625
Social security and other taxes 14,821 19,052
VAT 23,148 15,348
Other creditors and accruals 472,444 442,565
Directors' loan accounts 2,023 2,023
623,661 806,831

Mowlem and Company (London) Limited (Registered number: 04000259)

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

8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2023 344,566 70 344,636
Profit for the year 79,433 79,433
Dividends (100,000 ) (100,000 )
At 31 December 2023 323,999 70 324,069