REGISTERED NUMBER: 05841593 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Robert R McGowan Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J McGowan

Mrs C E McGowan

SECRETARY:

Mrs C E McGowan

REGISTERED OFFICE:

Suite 1 & 2

Marshall Business Centre

Faraday Road

Hereford

HR4 9NS

REGISTERED NUMBER:

05841593 (England and Wales)

ACCOUNTANTS:

R J Francis & Co

Suites 1 & 2

Marshall Business Centre

Faraday Road

Hereford

Herefordshire

HR4 9NS

FIXED ASSETS

Tangible assets

4

49,984

26,955

CURRENT ASSETS

Stocks

2,700

1,200

Debtors

5

61,449

67,802

Cash at bank

7,467

60

71,616

69,062

CREDITORS

Amounts falling due within one year

6

97,103

89,323

NET CURRENT LIABILITIES

(25,487

)

(20,261

)

TOTAL ASSETS LESS CURRENT LIABILITIES

24,497

6,694

CREDITORS

Amounts falling due after more than one year

7

(15,424

)

-

PROVISIONS FOR LIABILITIES

(8,943

)

(5,121

)

NET ASSETS

130

1,573

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

128

1,571

130

1,573

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 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 10 December 2025 and were signed on its behalf by:

M J McGowan - Director

1.	STATUTORY INFORMATION

Robert R McGowan 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.

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.

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 each asset over its estimated useful life.

Plant and machinery etc

-

20% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

124,037

Additions

31,780

Disposals

(33,050

)

At 31 March 2025

122,767

DEPRECIATION

At 1 April 2024

97,082

Charge for year

8,751

Eliminated on disposal

(33,050

)

At 31 March 2025

72,783

NET BOOK VALUE

At 31 March 2025

49,984

At 31 March 2024

26,955

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

51,540

67,370

Other debtors

9,909

432

61,449

67,802

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,133

20,083

Hire purchase contracts

7,023

-

Trade creditors

60,528

44,215

Taxation and social security

18,776

19,421

Other creditors

5,643

5,604

97,103

89,323

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

15,424

-