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REGISTERED NUMBER: 11447395 (England and Wales)















Trowler A W Limited

Unaudited Financial Statements for the Year Ended 31 July 2024






Trowler A W Limited (Registered number: 11447395)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Trowler A W Limited

Company Information
for the Year Ended 31 July 2024







Director: A W Trowler





Secretary: C Trowler





Registered office: Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY





Registered number: 11447395 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Trowler A W Limited (Registered number: 11447395)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £   
Fixed assets
Intangible assets 4 5,000 6,000
Tangible assets 5 57,186 76,188
62,186 82,188

Current assets
Stocks 32,500 33,850
Debtors 6 296,040 233,904
Cash at bank and in hand 71,515 29,408
400,055 297,162
Creditors
Amounts falling due within one year 7 116,143 59,881
Net current assets 283,912 237,281
Total assets less current liabilities 346,098 319,469

Creditors
Amounts falling due after more than
one year

8

(57,917

)

(72,917

)

Provisions for liabilities 9 (15,154 ) (20,190 )
Net assets 273,027 226,362

Trowler A W Limited (Registered number: 11447395)

Statement of Financial Position - continued
31 July 2024

2024 2023
Notes £    £    £   
Capital and reserves
Called up share capital 10 1 1
Retained earnings 273,026 226,361
Shareholders' funds 273,027 226,362

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 16 April 2025 and were signed by:





A W Trowler - Director


Trowler A W Limited (Registered number: 11447395)

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

1. Statutory information

Trowler A W 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.

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

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.

Franchise fee are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stocks are measured at estimated cost.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Trowler A W Limited (Registered number: 11447395)

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

2. Accounting policies - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Intangible fixed assets
Franchise
fee
£   
Cost
At 1 August 2023
and 31 July 2024 10,000
Amortisation
At 1 August 2023 4,000
Amortisation for year 1,000
At 31 July 2024 5,000
Net book value
At 31 July 2024 5,000
At 31 July 2023 6,000

Trowler A W Limited (Registered number: 11447395)

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

5. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1 August 2023
and 31 July 2024 2,045 110,100 112,145
Depreciation
At 1 August 2023 1,155 34,802 35,957
Charge for year 178 18,824 19,002
At 31 July 2024 1,333 53,626 54,959
Net book value
At 31 July 2024 712 56,474 57,186
At 31 July 2023 890 75,298 76,188

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 50,581 50,766
Other debtors 245,459 183,138
296,040 233,904

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loan 5,000 5,000
Hire purchase contracts 10,000 10,000
Trade creditors 52,364 23,668
Taxation and social security 41,574 11,881
Other creditors 7,205 9,332
116,143 59,881

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loan 28,750 33,750
Hire purchase contracts 29,167 39,167
57,917 72,917

Trowler A W Limited (Registered number: 11447395)

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

8. Creditors: amounts falling due after more than one year - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,750 13,750

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 15,154 20,190

Deferred
tax
£   
Balance at 1 August 2023 20,190
Credit to Statement of Income and Retained Earnings during year (5,036 )
Balance at 31 July 2024 15,154

10. Called up share capital

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