REGISTERED NUMBER: 04983932 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GRAHAM FOWLER & SONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G E Fowler

Mrs J E Fowler

R E Fowler

J G Fowler

SECRETARY:

G E Fowler

REGISTERED OFFICE:

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

REGISTERED NUMBER:

04983932 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

36,501

49,505

36,501

49,505

CURRENT ASSETS

Stocks

38,634

30,938

Debtors

6

43,103

63,534

Cash at bank

156,526

80,291

238,263

174,763

CREDITORS

Amounts falling due within one year

7

53,654

29,323

NET CURRENT ASSETS

184,609

145,440

TOTAL ASSETS LESS CURRENT LIABILITIES

221,110

194,945

PROVISIONS FOR LIABILITIES

9,060

9,340

NET ASSETS

212,050

185,605

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

211,950

185,505

SHAREHOLDERS' FUNDS

212,050

185,605

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

G E Fowler - Director

1.	STATUTORY INFORMATION

Graham Fowler & Sons 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

63,200

AMORTISATION

At 1 January 2024

and 31 December 2024

63,200

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

510,733

6,924

73,357

591,014

Additions

196

-

-

196

Disposals

(103,750

)

-

-

(103,750

)

At 31 December 2024

407,179

6,924

73,357

487,460

DEPRECIATION

At 1 January 2024

477,510

5,944

58,055

541,509

Charge for year

8,066

246

3,825

12,137

Eliminated on disposal

(102,687

)

-

-

(102,687

)

At 31 December 2024

382,889

6,190

61,880

450,959

NET BOOK VALUE

At 31 December 2024

24,290

734

11,477

36,501

At 31 December 2023

33,223

980

15,302

49,505

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

3,768

3,992

Other debtors

39,335

59,542

43,103

63,534

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

76

8

Taxation and social security

36,938

14,019

Other creditors

16,640

15,296

53,654

29,323

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

G E Fowler and Mrs J E Fowler

Balance outstanding at start of year

48,310

20,159

Amounts advanced

32,572

63,343

Amounts repaid

(61,025

)

(35,192

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

19,857

48,310

Interest was charged on the joint overdrawn directors loan account balance at the official rate of interest of 2.25%, totalling £623 (2023 - £767). The loan account is repayable on demand.