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REGISTERED NUMBER: 07225288 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MOWLES CONSTRUCTION LTD

MOWLES CONSTRUCTION LTD (REGISTERED NUMBER: 07225288)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


MOWLES CONSTRUCTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







Directors: T J Mowles
Mrs E L Mowles





Registered office: Unit 10
Trull Farm Buildings
Tetbury
Gloucestershire
GL8 8SQ





Registered number: 07225288 (England and Wales)





Accountants: Athos Business Solutions Limited
1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF

MOWLES CONSTRUCTION LTD (REGISTERED NUMBER: 07225288)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 163,517 156,565

CURRENT ASSETS
Stocks - 22,610
Debtors 5 414,776 306,047
Cash at bank 201,355 73,794
616,131 402,451
CREDITORS
Amounts falling due within one year 6 611,510 488,500
NET CURRENT ASSETS/(LIABILITIES) 4,621 (86,049 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,138

70,516

CREDITORS
Amounts falling due after more than one
year

7

(82,732

)

(80,478

)

PROVISIONS FOR LIABILITIES (26,174 ) -
NET ASSETS/(LIABILITIES) 59,232 (9,962 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 59,231 (9,963 )
59,232 (9,962 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

MOWLES CONSTRUCTION LTD (REGISTERED NUMBER: 07225288)

BALANCE SHEET - continued
30 APRIL 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





T J Mowles - Director


MOWLES CONSTRUCTION LTD (REGISTERED NUMBER: 07225288)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Mowles Construction Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures & Fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


MOWLES CONSTRUCTION LTD (REGISTERED NUMBER: 07225288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 1 ) .

MOWLES CONSTRUCTION LTD (REGISTERED NUMBER: 07225288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Plant and Fixtures Motor Computer
machinery & Fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 May 2023 150,419 24,510 96,423 7,019 278,371
Additions 9,700 - 94,974 - 104,674
Disposals (18,000 ) - (85,433 ) - (103,433 )
At 30 April 2024 142,119 24,510 105,964 7,019 279,612
Depreciation
At 1 May 2023 76,549 3,118 39,805 2,334 121,806
Charge for year 11,172 3,635 27,393 1,660 43,860
Eliminated on disposal (12,951 ) - (36,620 ) - (49,571 )
At 30 April 2024 74,770 6,753 30,578 3,994 116,095
Net book value
At 30 April 2024 67,349 17,757 75,386 3,025 163,517
At 30 April 2023 73,870 21,392 56,618 4,685 156,565

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 May 2023 62,650 69,742 3,948 136,340
Additions 9,700 94,974 - 104,674
Disposals - (69,742 ) - (69,742 )
Transfer to ownership (62,650 ) - - (62,650 )
At 30 April 2024 9,700 94,974 3,948 108,622
Depreciation
At 1 May 2023 33,199 19,228 109 52,536
Charge for year 5,266 26,353 1,302 32,921
Eliminated on disposal - (23,817 ) - (23,817 )
Transfer to ownership (37,616 ) - - (37,616 )
At 30 April 2024 849 21,764 1,411 24,024
Net book value
At 30 April 2024 8,851 73,210 2,537 84,598
At 30 April 2023 29,451 50,514 3,839 83,804

MOWLES CONSTRUCTION LTD (REGISTERED NUMBER: 07225288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 219,792 116,824
Other debtors 194,984 189,223
414,776 306,047

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,000 20,000
Hire purchase contracts 21,760 21,499
Trade creditors 210,371 147,299
Taxation and social security 7,588 2,405
Other creditors 351,791 297,297
611,510 488,500

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 25,833 45,833
Hire purchase contracts 56,899 34,645
82,732 80,478