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REGISTERED NUMBER: 05673488 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Rowlies (Pembrokeshire) Limited

Rowlies (Pembrokeshire) Limited (Registered number: 05673488)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Rowlies (Pembrokeshire) Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: P G Ashton
Mrs M S Ashton





SECRETARY: Mrs M S Ashton





REGISTERED OFFICE: Williamston House
7 Goat Street
Haverfordwest
Pembrokeshire
SA61 1PX





REGISTERED NUMBER: 05673488 (England and Wales)

Rowlies (Pembrokeshire) Limited (Registered number: 05673488)

Abridged Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 15,000
Tangible assets 5 87,579 101,425
97,579 116,425

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 24,993 44,855
Cash at bank and in hand 228,516 195,127
258,509 244,982
CREDITORS
Amounts falling due within one year 129,803 128,957
NET CURRENT ASSETS 128,706 116,025
TOTAL ASSETS LESS CURRENT
LIABILITIES

226,285

232,450

CREDITORS
Amounts falling due after more than one
year

(13,058

)

(25,647

)

PROVISIONS FOR LIABILITIES (21,895 ) (19,271 )
NET ASSETS 191,332 187,532

CAPITAL AND RESERVES
Called up share capital 76 76
Retained earnings 191,256 187,456
SHAREHOLDERS' FUNDS 191,332 187,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Rowlies (Pembrokeshire) Limited (Registered number: 05673488)

Abridged Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 September 2024 and were signed on its behalf by:




P G Ashton - Director



Mrs M S Ashton - Director


Rowlies (Pembrokeshire) Limited (Registered number: 05673488)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Rowlies (Pembrokeshire) 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 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, is being amortised evenly over its remaining useful life of 10 years.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

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.

Rowlies (Pembrokeshire) Limited (Registered number: 05673488)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 29 February 2024 100,000
AMORTISATION
At 1 March 2023 85,000
Amortisation for year 5,000
At 29 February 2024 90,000
NET BOOK VALUE

At 29 February 2024 10,000
At 28 February 2023 15,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 215,069
Additions 5,128
At 29 February 2024 220,197
DEPRECIATION
At 1 March 2023 113,644
Charge for year 18,974
At 29 February 2024 132,618
NET BOOK VALUE
At 29 February 2024 87,579
At 28 February 2023 101,425

Rowlies (Pembrokeshire) Limited (Registered number: 05673488)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
P G Ashton and Mrs M S Ashton
Balance outstanding at start of year (3,526 ) (53 )
Amounts advanced 180,443 112,489
Amounts repaid (157,342 ) (115,962 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,575 (3,526 )

Interest has been paid in respect of overdrawn balances at the HMRC official rate.