REGISTERED NUMBER: 05093696 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Narrowglen Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Barnes

SECRETARY:

Mrs J Barnes

REGISTERED OFFICE:

Lewis House

Great Chesterford Court

Great Chesterford

Essex

CB10 1PF

REGISTERED NUMBER:

05093696 (England and Wales)

FIXED ASSETS

Tangible assets

5

11,559

14,899

CURRENT ASSETS

Stocks

106

295

Debtors

6

9,459

55,721

Cash at bank

18,894

6,701

28,459

62,717

CREDITORS

Amounts falling due within one year

7

30,750

42,349

NET CURRENT (LIABILITIES)/ASSETS

(2,291

)

20,368

TOTAL ASSETS LESS CURRENT LIABILITIES

9,268

35,267

CREDITORS

Amounts falling due after more than one year

8

(7,035

)

(17,334

)

PROVISIONS FOR LIABILITIES

(2,196

)

(2,830

)

NET ASSETS

37

15,103

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

36

15,102

SHAREHOLDERS' FUNDS

37

15,103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 3 December 2025 and were signed by:

Mr A Barnes - Director

1.	STATUTORY INFORMATION

Narrowglen Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc - 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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

69,333

Additions

515

At 31 March 2025

69,848

DEPRECIATION

At 1 April 2024

54,434

Charge for year

3,855

At 31 March 2025

58,289

NET BOOK VALUE

At 31 March 2025

11,559

At 31 March 2024

14,899

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

32,910

Transfer to ownership

(32,910

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

22,498

Charge for year

2,603

Transfer to ownership

(25,101

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

10,412

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

13,978

Other debtors

9,459

41,743

9,459

55,721

Other debtors include, accrued income and prepayments of £368 (2024 - £14,148), an intercompany loan of £nil (2024 - £17,000), other debtor of £nil (2024 - £416), a PAYE balance of £nil (2024 - £10,179), a tax debtor of £1,920 (2024 - £nil), a VAT debtor of £1,481 (2024 - £nil) and a directors loan balance of £5,690 (2024 - £nil creditor).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,308

10,085

Hire purchase contracts

-

17,172

Trade creditors

2,128

7,452

Taxation and social security

6,810

5,285

Other creditors

11,504

2,355

30,750

42,349

Other creditors includes a balance of £1,942 (2024 - £1,942) relating to accruals, a balance of £1,562 (2024 - £379) relating to credit cards, a balance of £8,000 (£nil- debtor) relating to amounts owed to intercompany and a balance of £nil (2024 - £34) to directors loan account.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

7,035

17,334