Cowan Construction Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02273375

COWAN CONSTRUCTION LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 September 2025

COWAN CONSTRUCTION LIMITED

STATEMENT OF FINANCIAL POSITION

30 September 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Tangible assets	5		39,051	199,581

CURRENT ASSETS

Stocks		188,915	189,301
Debtors	6	6,861	17,617
Cash at bank and in hand		319,441	62,315
		-----------	-----------
		515,217	269,233

CREDITORS: amounts falling due within one year	7	176,641		178,890
		-----------		-----------
NET CURRENT ASSETS			338,576	90,343
			-----------	-----------
TOTAL ASSETS LESS CURRENT LIABILITIES			377,627	289,924
			-----------	-----------
NET ASSETS			377,627	289,924
			-----------	-----------

CAPITAL AND RESERVES

Called up share capital	500	500
Capital redemption reserve	500	500
Profit and loss account	376,627	288,924
	-----------	-----------
SHAREHOLDERS FUNDS	377,627	289,924
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

COWAN CONSTRUCTION LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 4 December 2025 , and are signed on behalf of the board by:

Mr B J Cowan
Director

Company registration number: 02273375

COWAN CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Mannin Way, Lancaster Business Park, Caton Road, Lancaster, LA1 3SW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Fixtures, equipment and machinery	-	10% reducing balance
Motor vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 4 ).

5. Tangible assets

Freehold property	Fixtures, equipment and machinery	Motor vehicles	Total
£	£	£	£

Cost
At 1 October 2024	256,363	33,822	17,915	308,100
Disposals	( 200,834)	–	–	( 200,834)
	-----------	---------	---------	-----------
At 30 September 2025	55,529	33,822	17,915	107,266
	-----------	---------	---------	-----------
Depreciation
At 1 October 2024	62,938	29,957	15,624	108,519
Charge for the year	923	430	573	1,926
Disposals	( 42,230)	–	–	( 42,230)
	-----------	---------	---------	-----------
At 30 September 2025	21,631	30,387	16,197	68,215
	-----------	---------	---------	-----------
Carrying amount
At 30 September 2025	33,898	3,435	1,718	39,051
	-----------	---------	---------	-----------
At 30 September 2024	193,425	3,865	2,291	199,581
	-----------	---------	---------	-----------

6. Debtors

	2025	2024
	£	£

Trade debtors	155	9,339
Prepayments and accrued income	4,922	8,278
Other debtors	1,784	–
	--------	---------
	6,861	17,617
	--------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£

Trade creditors	2,188	7,988
Accruals and deferred income	3,086	2,994
Corporation tax	6,181	320
Social security and other taxes	534	2,447
Director loan accounts	163,913	164,263
Other creditors	739	878
	-----------	-----------
	176,641	178,890
	-----------	-----------

8. Director's advances, credits and guarantees

The director Mr R Cowan has a loan account with the company which remained in credit throughout the year. At the year end the balance was £163,913 which is included in creditors.