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REGISTERED NUMBER: 08528837 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Rowe & Sharma Ltd

Rowe & Sharma Ltd (Registered number: 08528837)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Rowe & Sharma Ltd (Registered number: 08528837)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,340 18,256

CURRENT ASSETS
Debtors 5 20,042 31,687
Investments 6 3,835 3,835
Cash at bank 1,388 9,676
25,265 45,198
CREDITORS
Amounts falling due within one year 7 15,602 17,385
NET CURRENT ASSETS 9,663 27,813
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,003

46,069

CREDITORS
Amounts falling due after more than
one year

8

(31,627

)

(45,436

)

PROVISIONS FOR LIABILITIES 10 (634 ) (56 )
NET (LIABILITIES)/ASSETS (19,258 ) 577

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (19,358 ) 477
SHAREHOLDERS' FUNDS (19,258 ) 577

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

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

Rowe & Sharma Ltd (Registered number: 08528837)

Balance Sheet - continued
31 May 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 10 January 2025 and were signed on its behalf by:





Dr N Sharma - Director


Rowe & Sharma Ltd (Registered number: 08528837)

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

1. STATUTORY INFORMATION

Rowe & Sharma Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08528837

Registered office: SPACES Manchester
Peter House, Oxford Street
Manchester
M1 5AN

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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.

Rowe & Sharma Ltd (Registered number: 08528837)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 June 2023 14,019 47,990 62,009
Additions 325 - 325
At 31 May 2024 14,344 47,990 62,334
DEPRECIATION
At 1 June 2023 7,760 35,993 43,753
Charge for year 3,244 11,997 15,241
At 31 May 2024 11,004 47,990 58,994
NET BOOK VALUE
At 31 May 2024 3,340 - 3,340
At 31 May 2023 6,259 11,997 18,256

5. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Other debtors 6,126 6,126
S455 Tax 935 -
Directors' current accounts 2,770 9,224
9,831 15,350

Amounts falling due after more than one year:
Other debtors 10,211 16,337

Aggregate amounts 20,042 31,687

6. CURRENT ASSET INVESTMENTS
31.5.24 31.5.23
£    £   
Unlisted investments 3,835 3,835

Rowe & Sharma Ltd (Registered number: 08528837)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts (see note 9)
2,400

2,400
Other loans (see note 9) 11,378 11,378
Tax 1,206 2,619
Social security and other taxes 138 -
Accrued expenses 480 988
15,602 17,385

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans (see note 9) 3,638 6,069
Other loans (see note 9) 27,989 39,367
31,627 45,436

9. LOANS

An analysis of the maturity of loans is given below:

31.5.24 31.5.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 2,400 2,400
Other loans 11,378 11,378
13,778 13,778

Amounts falling due between one and two years:
Bank loans - 1-2 years 3,638 6,069
Other loans - 1-2 years 27,989 39,367
31,627 45,436

10. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 634 56

Rowe & Sharma Ltd (Registered number: 08528837)

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

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2023 56
Provided during year 578
Balance at 31 May 2024 634

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Dr N Sharma
Balance outstanding at start of year 9,224 (212 )
Amounts advanced 9,627 28,931
Amounts repaid (15,881 ) (19,495 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,970 9,224

13. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.