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REGISTERED NUMBER: 08527806 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

RIXON & GOWER LIMITED

RIXON & GOWER LIMITED (REGISTERED NUMBER: 08527806)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIXON & GOWER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: J Rixon
I Gower





REGISTERED OFFICE: Office 10, Suite 1, 4th Floor
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN





REGISTERED NUMBER: 08527806 (England and Wales)





ACCOUNTANTS: E Dessai & Co Limited
Chartered Accountants
Congress House Office 10
4th Floor, 14 Lyon Road
Harrow
Middlesex
HA1 2EN

RIXON & GOWER LIMITED (REGISTERED NUMBER: 08527806)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 38,459 12,773

CURRENT ASSETS
Stocks 318,225 280,995
Debtors 4 320,982 87,480
Cash at bank 136,217 40,430
775,424 408,905
CREDITORS
Amounts falling due within one year 5 684,623 294,894
NET CURRENT ASSETS 90,801 114,011
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,260

126,784

CREDITORS
Amounts falling due after more than one
year

6

(21,490

)

(31,426

)

PROVISIONS FOR LIABILITIES 58 -
NET ASSETS 107,828 95,358

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 107,728 95,258
107,828 95,358

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

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

RIXON & GOWER LIMITED (REGISTERED NUMBER: 08527806)

BALANCE SHEET - continued
31 MAY 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 17 March 2025 and were signed on its behalf by:




I Gower - Director



J Rixon - Director


RIXON & GOWER LIMITED (REGISTERED NUMBER: 08527806)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. 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.

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.

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
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.

2. EMPLOYEES AND DIRECTORS

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

RIXON & GOWER LIMITED (REGISTERED NUMBER: 08527806)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 460 14,000 1,895 16,355
Additions - 40,000 - 40,000
Disposals - (14,000 ) - (14,000 )
At 31 May 2024 460 40,000 1,895 42,355
DEPRECIATION
At 1 June 2023 115 2,372 1,095 3,582
Charge for year 86 2,400 200 2,686
Eliminated on disposal - (2,372 ) - (2,372 )
At 31 May 2024 201 2,400 1,295 3,896
NET BOOK VALUE
At 31 May 2024 259 37,600 600 38,459
At 31 May 2023 345 11,628 800 12,773

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 259,938 26,436
Other debtors 61,044 61,044
320,982 87,480

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 122,427 136,278
Taxation and social security 214,573 31,164
Other creditors 347,623 127,452
684,623 294,894

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 21,490 31,426

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Business loan 21,490 31,426

RIXON & GOWER LIMITED (REGISTERED NUMBER: 08527806)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
I Gower
Balance outstanding at start of year - 16,551
Amounts repaid - (16,551 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

J Rixon
Balance outstanding at start of year - 63,163
Amounts repaid - (63,163 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -