4 4 Richard Gowan Consulting Limited 07791573 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is the provision of consultancy services in respect of structural engineering. Digita Accounts Production Advanced 6.30.9574.0 true 07791573 2023-10-01 2024-09-30 07791573 2024-09-30 07791573 core:CurrentFinancialInstruments 2024-09-30 07791573 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 07791573 core:Non-currentFinancialInstruments 2024-09-30 07791573 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 07791573 core:FurnitureFittingsToolsEquipment 2024-09-30 07791573 core:MotorVehicles 2024-09-30 07791573 bus:SmallEntities 2023-10-01 2024-09-30 07791573 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07791573 bus:FilletedAccounts 2023-10-01 2024-09-30 07791573 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07791573 bus:RegisteredOffice 2023-10-01 2024-09-30 07791573 bus:CompanySecretary1 2023-10-01 2024-09-30 07791573 bus:Director1 2023-10-01 2024-09-30 07791573 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07791573 bus:Agent1 2023-10-01 2024-09-30 07791573 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 07791573 core:MotorVehicles 2023-10-01 2024-09-30 07791573 core:OfficeEquipment 2023-10-01 2024-09-30 07791573 countries:AllCountries 2023-10-01 2024-09-30 07791573 2023-09-30 07791573 core:FurnitureFittingsToolsEquipment 2023-09-30 07791573 core:MotorVehicles 2023-09-30 07791573 2022-10-01 2023-09-30 07791573 2023-09-30 07791573 core:CurrentFinancialInstruments 2023-09-30 07791573 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 07791573 core:Non-currentFinancialInstruments 2023-09-30 07791573 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 07791573 core:FurnitureFittingsToolsEquipment 2023-09-30 07791573 core:MotorVehicles 2023-09-30 xbrli:pure iso4217:GBP

Registration number: 07791573

Richard Gowan Consulting Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Richard Gowan Consulting Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Richard Gowan Consulting Limited

Company Information

Director

Richard Gowan

Company secretary

Andrew Exelby

Registered office

Bank House
Bank Square
St Just
Penzance
Cornwall
TR19 7HH

Accountants

Julia Evans Accountants Ltd 79-81 Boslowick Road
Falmouth Road
Falmouth
Cornwall
TR11 4QD

 

Richard Gowan Consulting Limited

(Registration number: 07791573)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

6,012

7,857

Current assets

 

Debtors

5

129,900

127,642

Cash at bank and in hand

 

59,276

60,150

 

189,176

187,792

Creditors: Amounts falling due within one year

6

(65,102)

(78,969)

Net current assets

 

124,074

108,823

Total assets less current liabilities

 

130,086

116,680

Creditors: Amounts falling due after more than one year

6

(5,753)

(12,791)

Provisions for liabilities

(1,166)

(1,621)

Net assets

 

123,167

102,268

Capital and reserves

 

Called up share capital

1

1

Retained earnings

123,166

102,267

Shareholders' funds

 

123,167

102,268

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Richard Gowan Consulting Limited

(Registration number: 07791573)
Balance Sheet as at 30 September 2024

Approved and authorised by the director on 15 April 2025
 

.........................................
Richard Gowan
Director

 

Richard Gowan Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Bank House
Bank Square
St Just
Penzance
Cornwall
TR19 7HH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Government grants

Government grants have been recognised under the accrual method.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Richard Gowan Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings & equipment

25% reducing balance

Motor vehicles

25% reducing balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Richard Gowan Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 4).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

20,446

22,861

43,307

Additions

160

-

160

At 30 September 2024

20,606

22,861

43,467

Depreciation

At 1 October 2023

15,640

19,810

35,450

Charge for the year

1,242

763

2,005

At 30 September 2024

16,882

20,573

37,455

Carrying amount

At 30 September 2024

3,724

2,288

6,012

At 30 September 2023

4,806

3,051

7,857

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of freehold land and buildings.
 

 

Richard Gowan Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

56,534

50,426

Amounts owed by related parties

68,985

73,922

Prepayments

 

4,334

3,087

Other debtors

 

47

207

   

129,900

127,642

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

7,000

7,000

Trade creditors

 

36

34

Taxation and social security

 

24,920

48,511

Accruals and deferred income

 

9,896

1,205

Other creditors

 

23,250

22,219

 

65,102

78,969

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

5,753

12,791

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

5,753

12,791

 

Richard Gowan Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Current loans and borrowings

2024
£

2023
£

Bank borrowings

7,000

7,000