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REGISTERED NUMBER: 02176854 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

GOWANPOINT LIMITED

GOWANPOINT LIMITED (REGISTERED NUMBER: 02176854)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


GOWANPOINT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: P A Domanski





REGISTERED OFFICE: Coldwell Farm
Stretfordbury
Leominster
Herefordshire
HR6 OQL





REGISTERED NUMBER: 02176854 (England and Wales)

GOWANPOINT LIMITED (REGISTERED NUMBER: 02176854)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 568 811

CURRENT ASSETS
Debtors 5 154 -

CREDITORS
Amounts falling due within one year 6 35,505 35,284
NET CURRENT LIABILITIES (35,351 ) (35,284 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(34,783

)

(34,473

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (34,785 ) (34,475 )
SHAREHOLDERS' FUNDS (34,783 ) (34,473 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2024 and were signed by:




P A Domanski - Director


GOWANPOINT LIMITED (REGISTERED NUMBER: 02176854)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Gowanpoint 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 value of services supplied, excluding value added tax.

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 - 20% on cost
Office Equipment - 15% on reducing balance
Computer equipment - 33% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern basis of accounting
At 31 January 2022, the company's liabilities exceeded its assets. The director is the principal creditor of the company and he has indicated that he will continue to support the company financially for a period of twelve months from the date of signing these financial statements. Accordingly, it is deemed appropriate to prepare the financial statements on the going concern basis of accounting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

GOWANPOINT LIMITED (REGISTERED NUMBER: 02176854)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and Office Computer
machinery Equipment equipment Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 2,304 6,934 17,472 26,710
DEPRECIATION
At 1 February 2023 2,304 6,806 16,789 25,899
Charge for year - 20 223 243
At 31 January 2024 2,304 6,826 17,012 26,142
NET BOOK VALUE
At 31 January 2024 - 108 460 568
At 31 January 2023 - 128 683 811

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 154 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,615 7,175
Taxation and social security 992 4,019
Other creditors 25,898 24,090
35,505 35,284