Mowlem And Company (Design) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10969720 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Mowlem And Company (Design) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G R Mowlem

R Mowlem

REGISTERED OFFICE:

21 Clayton Road

Newcastle upon Tyne

NE2 4RP

REGISTERED NUMBER:

10969720 (England and Wales)

ACCOUNTANTS:

Douglas Shaw Limited

7 Brenkley Way

Blezard Business Park

Seaton Burn

Tyne and Wear

NE13 6DS

FIXED ASSETS

Tangible assets

4

79,756

19,980

Investments

5

28,203

25,906

107,959

45,886

CURRENT ASSETS

Stocks

47,464

74,601

Debtors

6

286,901

350,322

Cash at bank and in hand

337,148

388,141

671,513

813,064

CREDITORS

Amounts falling due within one year

7

430,604

629,327

NET CURRENT ASSETS

240,909

183,737

TOTAL ASSETS LESS CURRENT
LIABILITIES

348,868

229,623

CREDITORS

Amounts falling due after more than
one year

8

(4,167

)

(14,167

)

PROVISIONS FOR LIABILITIES

(19,192

)

(4,061

)

NET ASSETS

325,509

211,395

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

325,409

211,295

325,509

211,395

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

G R Mowlem - Director

1.	STATUTORY INFORMATION

Mowlem And Company (Design) 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 as modified by the revaluation of certain assets.

Turnover

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

Turnover represents the amounts receivable in the ordinary course of business from the provision of goods and services to customers. Turnover is measured at the fair value of the right to consideration net of discounts and value added tax. The company recognises revenue at the point of despatch of goods or provision of services.

Sales order deposits represent amounts received upon orders being made and are held within creditors.

Tangible fixed assets

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

Short leasehold

-

20% on cost

Plant and machinery

-

10 - 33% on cost

Fixtures and fittings

-

10% 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 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 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

COST

At 1 January 2024

5,537

9,796

35,381

6,160

56,874

Additions

-

7,869

65,821

857

74,547

Disposals

(1,800

)

(9,796

)

(13,159

)

(4,370

)

(29,125

)

At 31 December 2024

3,737

7,869

88,043

2,647

102,296

DEPRECIATION

At 1 January 2024

1,800

9,796

21,435

3,863

36,894

Charge for year

747

1,118

7,108

1,667

10,640

Eliminated on disposal

(1,800

)

(9,796

)

(9,028

)

(4,370

)

(24,994

)

At 31 December 2024

747

1,118

19,515

1,160

22,540

NET BOOK VALUE

At 31 December 2024

2,990

6,751

68,528

1,487

79,756

At 31 December 2023

3,737

-

13,946

2,297

19,980

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

25,906

Revaluations

2,297

At 31 December 2024

28,203

NET BOOK VALUE

At 31 December 2024

28,203

At 31 December 2023

25,906

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2024

28,203

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

34,516

74,752

Amounts owed by group undertakings

205,598

163,902

Other debtors

19,095

16,248

Prepayments

27,692

95,420

286,901

350,322

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

10,000

Trade creditors

18,877

34,966

Tax

66,827

39,345

Social security and other taxes

3,966

4,403

VAT

10,167

4,420

Other creditors

309,018

521,854

Accrued expenses

11,749

14,339

430,604

629,327

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.12.24

31.12.23

£

Bank loans - 1-2 years

4,167

10,000

Bank loans - 2-5 years

-

4,167

14,167