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REGISTERED NUMBER: 06037067 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

J & S M Rowland & Sons Limited

J & S M Rowland & Sons Limited (Registered number: 06037067)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J & S M Rowland & Sons Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs S M Rowland
J M Rowland
S Rowland
C C Rowland





SECRETARY: Mrs S M Rowland





REGISTERED OFFICE: 3 Landmark House
Wirral Park Road
Glastonbury
Somerset
BA6 9FR





REGISTERED NUMBER: 06037067 (England and Wales)

J & S M Rowland & Sons Limited (Registered number: 06037067)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,407,436 2,248,800
2,407,436 2,248,800

CURRENT ASSETS
Stocks 439,072 381,792
Debtors 6 302,191 271,983
Cash at bank 573,856 922,955
1,315,119 1,576,730
CREDITORS
Amounts falling due within one year 7 1,222,091 1,472,376
NET CURRENT ASSETS 93,028 104,354
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,500,464

2,353,154

CREDITORS
Amounts falling due after more than one
year

8

(127,627

)

(157,700

)

PROVISIONS FOR LIABILITIES (311,548 ) (264,213 )
NET ASSETS 2,061,289 1,931,241

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,061,189 1,931,141
SHAREHOLDERS' FUNDS 2,061,289 1,931,241

J & S M Rowland & Sons Limited (Registered number: 06037067)

Balance Sheet - continued
31 March 2024


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

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

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 11 March 2025 and were signed on its behalf by:




Mrs S M Rowland - Director



J M Rowland - Director


J & S M Rowland & Sons Limited (Registered number: 06037067)

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

1. STATUTORY INFORMATION

J & S M Rowland & Sons Limited 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.

The accounts are prepared on a going concern basis. At the year end the company had net current liabilities as shown on the balance sheet. The company relies on a bank overdraft and loans from the directors for certain day to day expenditure. It is expected that the bank and directors will continue to support the company for the foreseeable future.

These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 section 1A small entities. The date of transition is 1 April 2015.

The transition to FRS 102 section 1A has not resulted in any transitional adjustments to the previous year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Tractors - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

J & S M Rowland & Sons Limited (Registered number: 06037067)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 180,000
AMORTISATION
At 1 April 2023
and 31 March 2024 180,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and
property Herd machinery
£    £    £   
COST
At 1 April 2023 736,774 540,985 1,073,293
Additions 93,219 36,509 279,137
Disposals - (55,556 ) (141,500 )
At 31 March 2024 829,993 521,938 1,210,930
DEPRECIATION
At 1 April 2023 98,445 - 568,795
Charge for year 10,897 - 104,818
Eliminated on disposal - - (56,653 )
At 31 March 2024 109,342 - 616,960
NET BOOK VALUE
At 31 March 2024 720,651 521,938 593,970
At 31 March 2023 638,329 540,985 504,498

J & S M Rowland & Sons Limited (Registered number: 06037067)

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

5. TANGIBLE FIXED ASSETS - continued

Motor
vehicles Tractors Totals
£    £    £   
COST
At 1 April 2023 115,497 680,900 3,147,449
Additions - 254,000 662,865
Disposals - (168,000 ) (365,056 )
At 31 March 2024 115,497 766,900 3,445,258
DEPRECIATION
At 1 April 2023 76,689 154,720 898,649
Charge for year 9,704 95,607 221,026
Eliminated on disposal - (25,200 ) (81,853 )
At 31 March 2024 86,393 225,127 1,037,822
NET BOOK VALUE
At 31 March 2024 29,104 541,773 2,407,436
At 31 March 2023 38,808 526,180 2,248,800

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 152,776 184,460
Other debtors 50,800 -
VAT 70,156 61,750
Prepayments and accrued income 28,459 25,773
302,191 271,983

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 9,705
Hire purchase contracts 130,605 98,013
Trade creditors 212,334 352,699
Tax 88,596 139,212
Income tax 4,000 4,000
Social security and other taxes 262 1,842
Directors' current accounts 771,294 862,959
Accruals and deferred income 5,000 3,946
1,222,091 1,472,376

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 11,667 21,027
Hire purchase contracts 115,960 136,673
127,627 157,700

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,667 21,027