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REGISTERED NUMBER: 03559588 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

David Rowell Ltd.

David Rowell Ltd. (Registered number: 03559588)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


David Rowell Ltd.

Company Information
for the year ended 30 June 2024







DIRECTOR: D S Knowler





REGISTERED OFFICE: 13a Duke Street
Southport
Merseyside
PR8 1LS





REGISTERED NUMBER: 03559588 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
13a Duke Street
Southport
Merseyside
PR8 1LS

David Rowell Ltd. (Registered number: 03559588)

Balance Sheet
30 June 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 166,466 112,795

CURRENT ASSETS
Stocks 83,786 93,132
Debtors 5 162,424 91,692
Cash at bank and in hand 86,317 53,547
332,527 238,371
CREDITORS
Amounts falling due within one year 6 (147,068 ) (147,527 )
NET CURRENT ASSETS 185,459 90,844
TOTAL ASSETS LESS CURRENT
LIABILITIES

351,925

203,639

CREDITORS
Amounts falling due after more than one year 7 (18,179 ) (28,217 )

PROVISIONS FOR LIABILITIES 9 (41,617 ) (28,198 )
NET ASSETS 292,129 147,224

CAPITAL AND RESERVES
Called up share capital 10 100 100
Share premium 19,276 19,276
Retained earnings 272,753 127,848
SHAREHOLDERS' FUNDS 292,129 147,224

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2025 and were signed by:





D S Knowler - Director


David Rowell Ltd. (Registered number: 03559588)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

David Rowell 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% 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 Statement of Income and Retained Earnings, 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.

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 15 (2023 - 12 ) .

David Rowell Ltd. (Registered number: 03559588)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 July 2023 210,240 34,232 149,906 4,678 399,056
Additions 29,772 - 79,791 596 110,159
Disposals (28,993 ) - (28,378 ) (877 ) (58,248 )
Reclassification/transfer (1,720 ) - - 1,720 -
At 30 June 2024 209,299 34,232 201,319 6,117 450,967
DEPRECIATION
At 1 July 2023 151,726 32,166 97,945 4,424 286,261
Charge for year 10,320 310 26,176 1,023 37,829
Eliminated on disposal (11,238 ) - (27,507 ) (844 ) (39,589 )
Reclassification/transfer (1,090 ) - - 1,090 -
At 30 June 2024 149,718 32,476 96,614 5,693 284,501
NET BOOK VALUE
At 30 June 2024 59,581 1,756 104,705 424 166,466
At 30 June 2023 58,514 2,066 51,961 254 112,795

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 160,582 90,311
Other debtors 1,842 1,381
162,424 91,692

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,057 9,809
Trade creditors 49,921 50,318
Taxation and social security 80,547 49,039
Other creditors 6,543 38,361
147,068 147,527

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 18,179 28,217

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Other loan - 33,262

The company has provided a debenture to secure the borrowings from David Rowell Holdings Limited.

David Rowell Ltd. (Registered number: 03559588)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 41,617 28,198

Deferred tax
£
Balance at 1 July 2023 28,198
Movement in year 13,419
Balance at 30 June 2024 41,617

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100