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Company Registration No. 6556097 (England and Wales)
Rowan Engineering Ltd Unaudited accounts for the year ended 30 April 2024
Rowan Engineering Ltd Unaudited accounts Contents
Page
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Rowan Engineering Ltd Company Information for the year ended 30 April 2024
Directors
Mr D E Rose Mr D K Rose
Company Number
6556097 (England and Wales)
Registered Office
Unit 8 Overfield Industrial Estate Thorpe Way Banbury Oxfordshire OX16 4XR England
Accountants
Anthistle Craven Moreton House 31 High Street Buckingham Bucks MK18 1NU
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Rowan Engineering Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
29,005 
24,334 
Tangible assets
68,292 
65,980 
Investments
638 
638 
97,935 
90,952 
Current assets
Inventories
15,417 
14,915 
Debtors
42,124 
31,273 
Cash at bank and in hand
82,516 
71,627 
140,057 
117,815 
Creditors: amounts falling due within one year
(44,509)
(63,165)
Net current assets
95,548 
54,650 
Total assets less current liabilities
193,483 
145,602 
Provisions for liabilities
Deferred tax
(10,588)
(14,866)
Net assets
182,895 
130,736 
Capital and reserves
Called up share capital
224 
224 
Profit and loss account
182,671 
130,512 
Shareholders' funds
182,895 
130,736 
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by
Mr D K Rose Director Company Registration No. 6556097
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Rowan Engineering Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Rowan Engineering Ltd is a private company, limited by shares, registered in England and Wales, registration number 6556097. The registered office is Unit 8, Overfield Industrial Estate Thorpe Way, Banbury, Oxfordshire, OX16 4XR, England.
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.
Presentation currency
The accounts are presented in £ sterling.
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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:
Plant & machinery
20% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
33% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Rowan Engineering Ltd Notes to the Accounts for the year ended 30 April 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2023
29,867 
Additions
10,427 
At 30 April 2024
40,294 
Amortisation
At 1 May 2023
5,533 
Charge for the year
5,756 
At 30 April 2024
11,289 
Net book value
At 30 April 2024
29,005 
At 30 April 2023
24,334 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
37,752 
381,705 
5,846 
4,519 
429,822 
Additions
13,768 
733 
- 
1,038 
15,539 
Disposals
(4,880)
(3,356)
- 
(1,882)
(10,118)
At 30 April 2024
46,640 
379,082 
5,846 
3,675 
435,243 
Depreciation
At 1 May 2023
- 
354,657 
5,311 
3,874 
363,842 
Charge for the year
- 
6,369 
134 
471 
6,974 
On disposals
- 
(2,238)
- 
(1,627)
(3,865)
At 30 April 2024
- 
358,788 
5,445 
2,718 
366,951 
Net book value
At 30 April 2024
46,640 
20,294 
401 
957 
68,292 
At 30 April 2023
37,752 
27,048 
535 
645 
65,980 
6
Investments
Other investments 
£ 
Valuation at 1 May 2023
638 
Valuation at 30 April 2024
638 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
39,837 
28,949 
Accrued income and prepayments
2,287 
2,324 
42,124 
31,273 
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Rowan Engineering Ltd Notes to the Accounts for the year ended 30 April 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,104 
10,930 
Trade creditors
19,071 
13,569 
Taxes and social security
13,791 
29,274 
Other creditors
2,788 
2,637 
Loans from directors
6,755 
6,755 
44,509 
63,165 
9
Average number of employees
During the year the average number of employees was 8 (2023: 5).
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