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Registered number: 05457084

Rowein Limited

ACCOUNTS
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
N Weinberger
SECRETARY
A Weinberger
REGISTERED OFFICE
88 Stamford Hill
Stamford Hill
London
N16 6XS
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 Sheet3
Notes To The Accounts4
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 31/05/2024
20242023
Notes££
FIXED ASSETS
Tangible assets255,39667,737
CURRENT ASSETS
Stock191,877188,115
Debtors4606,561537,992
Cash at bank and in hand16,41673,280
814,854799,387
CREDITORS: Amounts falling due within one year585,516131,942
NET CURRENT ASSETS729,338667,445
TOTAL ASSETS LESS CURRENT LIABILITIES784,734735,182
CREDITORS: Amounts falling due after more than one year620,00030,000
NET ASSETS764,734705,182
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account764,634705,082
SHAREHOLDERS' FUNDS764,734705,182
For the year ending 31/05/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/01/2025 and signed on their behalf by
.............................
N Weinberger
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing 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
EquipmentTotal
££
Cost
At 01/06/2023157,380157,380
Additions6,1256,125
At 31/05/2024163,505163,505
Depreciation
At 01/06/202389,64389,643
For the year18,46618,466
At 31/05/2024108,109108,109
Net Book Amounts
At 31/05/202455,39655,396
At 31/05/202367,73767,737
3. STOCK 20242023
££
Stock comprises:
Stock191,877188,115
191,877188,115
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors101,75668,286
Other debtors504,805469,706
606,561537,992
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax38,96434,425
VAT34,80925,574
Trade creditors1,64827,662
Other creditors8,59542,881
Accruals1,5001,400
85,516131,942

Rowein Limited

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr20,00030,000
20,00030,000
7. EMPLOYEES
20242023
No.No.
Average number of employees45
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
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
During the year, the director, N Weinberger, made certain loans to the company. At the year end, the balance due to Mr. Weinberger was £8,540 (2023: £42,827). The loan is interest free and repayable on demand.
During the year, dividends of £22,500 (2023: £35,000) were paid to the director and his spouse, totalling £45,000 (2023: £70,000).