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REGISTERED NUMBER: 04518952 (England and Wales)























Unaudited Financial Statements

for the Year Ended 31 August 2024

for

John Cowell Limited

John Cowell Limited (Registered number: 04518952)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


John Cowell Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr J W Cowell





REGISTERED OFFICE: 316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE





REGISTERED NUMBER: 04518952 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

John Cowell Limited (Registered number: 04518952)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 65,642 68,355

CURRENT ASSETS
Stocks 40,000 40,000
Debtors 5 338,721 275,530
Cash at bank 154,839 129,368
533,560 444,898
CREDITORS
Amounts falling due within one year 6 100,727 94,476
NET CURRENT ASSETS 432,833 350,422
TOTAL ASSETS LESS CURRENT
LIABILITIES

498,475

418,777

CREDITORS
Amounts falling due after more than one
year

7

(7,500

)

(16,852

)

PROVISIONS FOR LIABILITIES (4,469 ) (5,076 )
NET ASSETS 486,506 396,849

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 486,503 396,846
SHAREHOLDERS' FUNDS 486,506 396,849

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

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

John Cowell Limited (Registered number: 04518952)

Statement of Financial Position - continued
31 August 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 director and authorised for issue on 25 April 2025 and were signed by:





Mr J W Cowell - Director


John Cowell Limited (Registered number: 04518952)

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


1. STATUTORY INFORMATION

John Cowell 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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

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 statement of financial position date.

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.

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.

John Cowell Limited (Registered number: 04518952)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 44,766 27,749 32,725 1,349 106,589
Additions 3,000 - - 416 3,416
At 31 August 2024 47,766 27,749 32,725 1,765 110,005
DEPRECIATION
At 1 September 2023 - 22,699 14,317 1,218 38,234
Charge for year - 1,262 4,602 265 6,129
At 31 August 2024 - 23,961 18,919 1,483 44,363
NET BOOK VALUE
At 31 August 2024 47,766 3,788 13,806 282 65,642
At 31 August 2023 44,766 5,050 18,408 131 68,355

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 815 2,040
Other debtors 337,906 273,490
338,721 275,530

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 201 4,524
Taxation and social security 88,402 73,639
Other creditors 2,124 6,313
100,727 94,476

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 7,500 16,852

John Cowell Limited (Registered number: 04518952)

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


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year 12,308 12,308
Between one and five years 34,872 47,179
47,180 59,487

9. SECURED DEBTS

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from National Westminster Bank PLC.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
Mr J W Cowell
Balance outstanding at start of year (4,218 ) (79 )
Amounts advanced 210,192 54,086
Amounts repaid (100,040 ) (58,225 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 105,934 (4,218 )

11. RELATED PARTY DISCLOSURES

Included within other debtors is an intercompany loan of £207,979 to a company under common control.