Registered number
01297540
Rowe Carpets Limited
Filleted Accounts
28 February 2025
Rowe Carpets Limited
Registered number: 01297540
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Current assets
Debtors 4 262,331 1,676
Cash at bank and in hand 105,038 859,387
367,369 861,063
Creditors: amounts falling due within one year 5 (299) (300)
Net current assets 367,070 860,763
Total assets less current liabilities 367,070 860,763
Creditors: amounts falling due after more than one year 6 - (503,160)
Net assets 367,070 357,603
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 366,070 356,603
Shareholder's funds 367,070 357,603
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P L Patterson
Director
Approved by the board on 2 June 2025
Rowe Carpets Limited
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2024 138,130
Disposals (138,130)
At 28 February 2025 -
Depreciation
At 1 March 2024 138,130
On disposals (138,130)
At 28 February 2025 -
Net book value
At 28 February 2025 -
4 Debtors 2025 2024
£ £
Trade debtors 1,491 1,491
Amounts owed by group undertakings and undertakings in which the company has a participating interest 260,840 -
Other debtors - 185
262,331 1,676
5 Creditors: amounts falling due within one year 2025 2024
£ £
Other creditors 299 300
6 Creditors: amounts falling due after one year 2025 2024
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 503,160
7 Controlling party
The ultimate parent company is Rowe (Kidderminster) Limited, which is registered in England and Wales. Rowe (Kidderminster) Limited is controlled by R W A Rowe.
8 Other information
Rowe Carpets Limited is a private company limited by shares and incorporated in England. Its registered office is:
Wilden Business Park
Wilden Lane
Stourport-On-Severn
Worcestershire
DY13 9LW
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