1 July 2023 false No description of principal activity Taxfiler 2024.6 10211213business:PrivateLimitedCompanyLtd2023-07-012024-06-30 102112132023-06-30 102112132023-07-012024-06-30 10211213business:AuditExemptWithAccountantsReport2023-07-012024-06-30 10211213business:FilletedAccounts2023-07-012024-06-30 102112132024-06-30 10211213business:Director12023-07-012024-06-30 10211213business:RegisteredOffice2023-07-012024-06-30 102112132023-06-30 10211213core:WithinOneYear2024-06-30 10211213core:WithinOneYear2023-06-30 10211213core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 10211213core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 10211213core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 10211213core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 10211213core:PreviouslyStatedAmount2024-06-30 10211213core:PreviouslyStatedAmount2023-06-30 10211213business:SmallEntities2023-07-012024-06-30 10211213countries:EnglandWales2023-07-012024-06-30 10211213core:MotorVehicles2023-07-012024-06-30 10211213core:FurnitureFittings2023-07-012024-06-30 10211213core:ComputerEquipment2023-07-012024-06-30 10211213core:MotorVehicles2023-06-30 10211213core:FurnitureFittings2023-06-30 10211213core:ComputerEquipment2023-06-30 10211213core:MotorVehicles2024-06-30 10211213core:FurnitureFittings2024-06-30 10211213core:ComputerEquipment2024-06-30 102112132022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 10211213 (England and Wales)
M Rowe Ltd Unaudited accounts for the year ended 30 June 2024
M Rowe Ltd Unaudited accounts Contents
Page
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M Rowe Ltd Company Information for the year ended 30 June 2024
Director
MJ Rowe
Company Number
10211213 (England and Wales)
Registered Office
The Cottage Sole Street Gravesend DA12 3AZ
Accountants
King & Taylor 123 Cross Lane East Gravesend Kent DA12 5HA
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M Rowe Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,266 
3,061 
Investment property
151,803 
151,803 
188,069 
154,864 
Current assets
Debtors
11,203 
47,410 
Cash at bank and in hand
9,835 
8,269 
21,038 
55,679 
Creditors: amounts falling due within one year
(40,533)
(49,435)
Net current (liabilities)/assets
(19,495)
6,244 
Net assets
168,574 
161,108 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
168,573 
161,107 
Shareholders' funds
168,574 
161,108 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 November 2024 and were signed on its behalf by
MJ Rowe Director Company Registration No. 10211213
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M Rowe Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
M Rowe Ltd is a private company, limited by shares, registered in England and Wales, registration number 10211213. The registered office is The Cottage, Sole Street, Gravesend, DA12 3AZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed 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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance basis
Fixtures & fittings
20% straight line basis
Computer equipment
20% straight line basis
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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M Rowe Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
- 
470 
4,459 
4,929 
Additions
42,092 
- 
869 
42,961 
At 30 June 2024
42,092 
470 
5,328 
47,890 
Depreciation
At 1 July 2023
- 
78 
1,790 
1,868 
Charge for the year
8,769 
94 
893 
9,756 
At 30 June 2024
8,769 
172 
2,683 
11,624 
Net book value
At 30 June 2024
33,323 
298 
2,645 
36,266 
At 30 June 2023
- 
392 
2,669 
3,061 
5
Investment property
2024 
£ 
Fair value at 1 July 2023
151,803 
At 30 June 2024
151,803 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
5,874 
4,939 
Other debtors
5,329 
42,471 
11,203 
47,410 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
5,536 
Loans from directors
39,381 
42,844 
Accruals
1,152 
1,055 
40,533 
49,435 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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