Registered number: 05457084 | ||||||||
FOR THE YEAR ENDED 31/05/2024 | ||||||||
Prepared By: | ||||||||
Albeck Limited | ||||||||
Chartered Accountants | ||||||||
49 Mowbray Road | ||||||||
Edgware | ||||||||
Middlesex | ||||||||
HA8 8JL |
Rowein Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/05/2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
London | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 05457084 | ||||||||
BANKERS | ||||||||
Barclays Bank | ||||||||
ACCOUNTANTS | ||||||||
Albeck Limited | ||||||||
Chartered Accountants | ||||||||
49 Mowbray Road | ||||||||
Edgware | ||||||||
Middlesex | ||||||||
HA8 8JL |
Rowein Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/05/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Rowein Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
814,854 | 799,387 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 667,445 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 20,000 | 30,000 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 764,634 | 705,082 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Rowein Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/05/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Equipment | reducing balance 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Dividends On Shares Presented Within Shareholders Funds | ||||||||
Dividends unpaid at the balance sheet date are only recognised as a liability at that date to the extent that they are appropriately authorised and are no longer at the discretion of the Company Unpaid dividends that do not meet these criteria are disclosed in the notes to the financial statements. |
1e. Leases | ||||||||
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term. |
Rowein Limited | ||||||||
2. TANGIBLE FIXED ASSETS | ||||
Equipment | Total | |||
£ | £ | |||
Cost | ||||
At 01/06/2023 | 157,380 | 157,380 | ||
Additions | 6,125 | 6,125 | ||
At 31/05/2024 | 163,505 | 163,505 | ||
Depreciation | ||||
At 01/06/2023 | 89,643 | 89,643 | ||
For the year | 18,466 | 18,466 | ||
At 31/05/2024 | 108,109 | 108,109 | ||
Net Book Amounts | ||||
At 31/05/2024 | 55,396 | |||
At 31/05/2023 | 67,737 | |||
3. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 101,756 | 68,286 | ||||||
Other debtors | 504,805 | 469,706 | ||||||
606,561 | 537,992 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 38,964 | 34,425 | ||||||
VAT | 34,809 | 25,574 | ||||||
Trade creditors | 1,648 | 27,662 | ||||||
Other creditors | 8,595 | 42,881 | ||||||
Accruals | 1,500 | 1,400 | ||||||
85,516 | 131,942 | |||||||
Rowein Limited | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 20,000 | 30,000 | ||||||
20,000 | 30,000 | |||||||
7. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 5 | |||||
8. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
9. CONTROLLING PARTY | ||||||||
The controlling party is the director, N Weinberger, by virtue of the fact that he holds 100% of the company's issued and called up voting share capital. | ||||||||
10. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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