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REGISTERED NUMBER: SC601112 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

AROWE ELECTRICS LTD

AROWE ELECTRICS LTD (REGISTERED NUMBER: SC601112)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AROWE ELECTRICS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: A W Rowe
Mrs K Rowe





SECRETARY: Mrs K Rowe





REGISTERED OFFICE: 27 Mauchline Road
Ochiltree
CUMNOCK
Ayrshire
KA18 2QA





REGISTERED NUMBER: SC601112 (Scotland)





ACCOUNTANTS: Stewart Gilmour & Co.
Chartered Accountants
24 Beresford Terrace
Ayr
KA7 2EG

AROWE ELECTRICS LTD (REGISTERED NUMBER: SC601112)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,878 11,502

CURRENT ASSETS
Stocks 20,470 15,615
Debtors 5 3,095 4,777
Cash at bank 12,937 7,406
36,502 27,798
CREDITORS
Amounts falling due within one year 6 16,956 12,450
NET CURRENT ASSETS 19,546 15,348
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,424

26,850

PROVISIONS FOR LIABILITIES 7 1,609 1,858
NET ASSETS 27,815 24,992

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 27,814 24,991
SHAREHOLDERS' FUNDS 27,815 24,992

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 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.

AROWE ELECTRICS LTD (REGISTERED NUMBER: SC601112)

BALANCE SHEET - continued
30 JUNE 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 28 March 2025 and were signed on its behalf by:





A W Rowe - Director


AROWE ELECTRICS LTD (REGISTERED NUMBER: SC601112)

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

1. STATUTORY INFORMATION

Arowe Electrics ltd is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

AROWE ELECTRICS LTD (REGISTERED NUMBER: SC601112)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 2,568 12,996 2,956 18,520
Additions - - 915 915
At 30 June 2024 2,568 12,996 3,871 19,435
DEPRECIATION
At 1 July 2023 1,208 4,422 1,388 7,018
Charge for year 204 1,715 620 2,539
At 30 June 2024 1,412 6,137 2,008 9,557
NET BOOK VALUE
At 30 June 2024 1,156 6,859 1,863 9,878
At 30 June 2023 1,360 8,574 1,568 11,502

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,095 2,439
Other debtors - 1,055
Tax - 1,283
3,095 4,777

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,526 1,852
Current Corporation Tax 899 -
VAT 319 846
Directors' loan accounts 8,212 7,852
Accrued expenses 2,000 1,900
16,956 12,450

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,609 1,858

Deferred
tax
£   
Balance at 1 July 2023 1,858
Provided during year (249 )
Balance at 30 June 2024 1,609

AROWE ELECTRICS LTD (REGISTERED NUMBER: SC601112)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary Shares £0.01 1 1

9. RESERVES
Retained
earnings
£   

At 1 July 2023 24,991
Profit for the year 2,823
At 30 June 2024 27,814