Registered number
04336047
Sean Rowe Limited
Filleted Accounts
31 December 2024
Sean Rowe Limited
Registered number: 04336047
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 20,598 50,192
Investments 4 65,000 65,000
85,598 115,192
Current assets
Debtors 5 20,192 18,825
Cash at bank and in hand 14,791 55
34,983 18,880
Creditors: amounts falling due within one year 6 (92,516) (83,785)
Net current liabilities (57,533) (64,905)
Total assets less current liabilities 28,065 50,287
Provisions for liabilities (3,913) (9,536)
Net assets 24,152 40,751
Capital and reserves
Called up share capital 100 100
Profit and loss account 24,052 40,651
Shareholders' funds 24,152 40,751
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
S Rowe
Director
Approved by the board on 6 August 2025
Sean Rowe Limited
Notes to the Accounts
for the year ended 31 December 2024
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 7,443 108,973 116,416
Disposals - (29,723) (29,723)
At 31 December 2024 7,443 79,250 86,693
Depreciation
At 1 January 2024 3,054 63,170 66,224
Charge for the year 1,096 14,575 15,671
On disposals - (15,800) (15,800)
At 31 December 2024 4,150 61,945 66,095
Net book value
At 31 December 2024 3,293 17,305 20,598
At 31 December 2023 4,389 45,803 50,192
4 Investments
Other
investments
£
Cost
At 1 January 2024 65,000
At 31 December 2024 65,000
5 Debtors 2024 2023
£ £
Trade debtors 17,183 18,100
Other debtors 3,009 725
20,192 18,825
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 4,111
Taxation and social security costs 18,557 20,334
Other creditors 73,959 59,340
92,516 83,785
7 Other information
Sean Rowe Limited is a private company limited by shares and incorporated in England. Its registered office is: Unit 9 Hill Farm, Ford End.
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