06423667falsePharmacy 2023-12-012024-11-30http://www.companieshouse.gov.uk/2023-11-30http://www.companieshouse.gov.uk/cd:CompanySecretary12023-12-012024-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-11-30http://www.companieshouse.gov.uk/cd:Director12023-12-012024-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-11-30http://www.companieshouse.gov.uk/cd:Director22023-12-012024-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-12-012024-11-30http://www.companieshouse.gov.uk/pt:MotorCars2023-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-11-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-12-012024-11-30http://www.companieshouse.gov.uk/pt:MotorCars2024-11-30http://www.companieshouse.gov.uk/pt:NetGoodwill2023-11-30http://www.companieshouse.gov.uk/pt:NetGoodwill2024-11-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-12-012024-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-11-30http://www.companieshouse.gov.uk/pt:NetGoodwill2023-12-012024-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-11-30http://www.companieshouse.gov.uk/2023-12-012024-11-30http://www.companieshouse.gov.uk/2023-11-30http://www.companieshouse.gov.uk/cd:FRS1022023-12-012024-11-30http://www.companieshouse.gov.uk/2024-11-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-12-012024-11-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-12-012024-11-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 06423667
G Rowe Services Limited
ACCOUNTS
FOR THE YEAR ENDED 30/11/2024
Prepared By:
Staffer Mayled & Co Ltd
46-48
Station Road
Cardiff
CF14 5LU
G Rowe Services Limited
ACCOUNTS
FOR THE YEAR ENDED 30/11/2024
DIRECTORS
Gareth Rowe
Catherine Rowe
SECRETARY
Catherine Rowe
REGISTERED OFFICE
46-48 Station Road
Llanishen
Cardiff
CF14 5LU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06423667
ACCOUNTANTS
Staffer Mayled & Co Ltd
46-48
Station Road
Cardiff
CF14 5LU
G Rowe Services Limited
ACCOUNTS
FOR THEYEARENDED30/11/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
G Rowe Services Limited
BALANCE SHEET AT 30/11/2024
20242023
Notes££
FIXED ASSETS
Intangible assets21,208,6601,332,152
Tangible assets324,91029,606
Investment Assets4202202
1,233,7721,361,960
CURRENT ASSETS
Stock73,94576,123
Debtors6273,133247,899
Cash at bank and in hand5,41946,484
352,497370,506
CREDITORS: Amounts falling due within one year7599,270567,104
NET CURRENT LIABILITIES(246,773)(196,598)
TOTAL ASSETS LESS CURRENT LIABILITIES986,9991,165,362
CREDITORS: Amounts falling due after more than one year8777,255862,707
PROVISIONS FOR LIABILITIES AND CHARGES105,6206,269
NET ASSETS204,124296,386
CAPITAL AND RESERVES
Called up share capital11100100
Profit and loss account204,024296,286
SHAREHOLDERS' FUNDS204,124296,386
For the year ending 30/11/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 08/10/2025 and signed on their behalf by
.............................
Gareth Rowe
Director
G Rowe Services Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesstraight line 10%
Fixtures and Fittingsreducing balance 20%
Equipmentreducing balance 20%
Motor Carsreducing balance 20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
G Rowe Services Limited
1f. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/12/20232,469,8372,469,837
At 30/11/20242,469,8372,469,837
Depreciation
At 01/12/20231,137,6851,137,685
For the year123,492123,492
At 30/11/20241,261,1771,261,177
Net Book Amounts
At 30/11/20241,208,6601,208,660
At 30/11/20231,332,1521,332,152
3. TANGIBLE FIXED ASSETS
Short LeaseholdFixtures
Propertiesand FittingsEquipmentMotor CarsTotal
£££££
Cost
At 01/12/202314,73856,63122,7198,000102,088
Additions--738-738
At 30/11/202414,73856,63123,4578,000102,826
Depreciation
At 01/12/20236,46647,72312,9155,37872,482
For the year1,0191,7822,1085255,434
At 30/11/20247,48549,50515,0235,90377,916
Net Book Amounts
At 30/11/20247,2537,1268,4342,09724,910
At 30/11/20238,2728,9089,8042,62229,606
G Rowe Services Limited
4. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 01/12/2023202202
At 30/11/2024202202
Amortisation
Net Book Amounts
At 30/11/2024202202
At 30/11/2023202202
The profit for the financial period of Alan T Brown Limited - 01472168 was £nil (2023 - £nil) and the aggragate amount of capital and reserves at the end of the period was £100 (2023 - £100).
The profit for the financial period of Hugh Morris Limited - 00638890 was £nil (2023 - £nil) and the aggragate amount of capital and reserves at the end of the period was £102 (2023 - £102).
5. STOCK 20242023
££
Stock comprises:
Stock73,94576,123
73,94576,123
6. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors212,924191,703
VAT55,54355,698
Other debtors3,989498
272,456247,899
G Rowe Services Limited
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax53,22633,963
PAYE control161-
Directors current account42,61245,220
Bank loans and overdrafts17,586-
Loans139,519139,759
Hire purchase3,4823,482
Trade creditors311,301315,719
Accruals31,38328,961
599,270567,104
On the 13/05/2022 the company entered into a hire purchase agreement of 48 payments of £157.44. On the 16/02/2023 the company entered into a hire purchase agreement of 48 payments of £132.76. In July 2016 the company entered into a loan agreement of 180 payments at variable rate: BoE base rate + margin of 2.8%. In November 2022, monthly repayment was in region of £500 inclusive of interest. In August 2018 the company entered into a loan agreement of 120 payments fixed at £4,646.60. In December 2018 the company entered into a loan agreement of 120 payments at variable rate: BoE base rate + margin of 3.49%. In November 2022, monthly repayment was in region of £1,000 inclusive of interest. In August 2019 the company entered into a loan agreement of 120 payments at variable rate: BoE base rate + margin of 2.2%. In November 2022, monthly repayment was in region of £4,800 inclusive of interest.
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr774,294856,264
Hire purchase >1yr2,9616,443
777,255862,707
9. EMPLOYEES
20242023
No.No.
Average number of employees1819
G Rowe Services Limited
10. PROVISIONS FOR LIABILITIES 20242023
££
Pensions1,8251,641
Deferred taxation3,7954,628
5,6206,269
11. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
12. CONTROLLING PARTY
The controlling party are the directors and shareholders of the company.