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REGISTERED NUMBER: 03150961 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

RM FOWLER LIMITED

RM FOWLER LIMITED (REGISTERED NUMBER: 03150961)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RM FOWLER LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr R Fowler
Mr J Fowler



SECRETARY: Mrs J Fowler



REGISTERED OFFICE: Unit 8 The Grove
Parkgate Industrial Estate
Knutsford
Cheshire
WA16 8XP



REGISTERED NUMBER: 03150961 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: Santander
40 Witton Street
Northwich
Cheshire
CW9 5AG

RM FOWLER LIMITED (REGISTERED NUMBER: 03150961)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,178 95,339
Investments 5 10 10
91,188 95,349

CURRENT ASSETS
Stocks 434,009 480,661
Debtors 6 112,151 143,825
Cash at bank 109,718 104,557
655,878 729,043
CREDITORS
Amounts falling due within one year 7 246,005 323,782
NET CURRENT ASSETS 409,873 405,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

501,061

500,610

PROVISIONS FOR LIABILITIES 2,656 2,640
NET ASSETS 498,405 497,970

CAPITAL AND RESERVES
Called up share capital 2,100 2,100
Retained earnings - non distri
butable 57,740 59,148
Retained earnings 438,565 436,722
498,405 497,970

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

RM FOWLER LIMITED (REGISTERED NUMBER: 03150961)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:





Mr R Fowler - Director


RM FOWLER LIMITED (REGISTERED NUMBER: 03150961)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

RM Fowler 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 accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

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.
Long leasehold - 2% on cost
Improvements to property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Computer equipment - 15% on reducing balance

Tangible fixed assets are initially recorded at 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 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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

RM FOWLER LIMITED (REGISTERED NUMBER: 03150961)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and Computer
leasehold property machinery equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 95,000 2,877 35,667 40,996 174,540
DEPRECIATION
At 1 April 2023 15,200 1,481 28,736 33,784 79,201
Charge for year 1,900 139 1,040 1,082 4,161
At 31 March 2024 17,100 1,620 29,776 34,866 83,362
NET BOOK VALUE
At 31 March 2024 77,900 1,257 5,891 6,130 91,178
At 31 March 2023 79,800 1,396 6,931 7,212 95,339

Cost or valuation at 31 March 2024 is represented by:

Improvements
Long to Plant and Computer
leasehold property machinery equipment Totals
£    £    £    £    £   
Valuation in 2015 70,412 - - - 70,412
Cost 24,588 2,877 35,667 40,996 104,128
95,000 2,877 35,667 40,996 174,540

If land and buildings had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 24,588 24,588
Aggregate depreciation 3,932 3,932

Leasehold land and buildings were valued on an open market basis on 19 June 2015 by the company directors .

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 10
NET BOOK VALUE
At 31 March 2024 10
At 31 March 2023 10

RM FOWLER LIMITED (REGISTERED NUMBER: 03150961)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 101,690 136,295
Other debtors 10,461 7,530
112,151 143,825

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 60,310 86,900
Taxation and social security 30,814 45,039
Other creditors 154,881 191,843
246,005 323,782