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Registration number: 03032117

Mowgate Limited
Annual Report and Unaudited Filleted Abridged Financial Statements
for the Year Ended 30 June 2025

Mowgate Limited

Contents

Abridged Balance Sheet | 1
Notes to the Unaudited Abridged Financial Statements | 2 to 4

Mowgate Limited

(Registration number: 03032117)
Abridged Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 192,445 | 138,581
Current assets |  |  |
Debtors |  | 99,459 | 65,141
Cash at bank and in hand |  | 60,296 | -
|  | 159,755 | 65,141
Creditors: Amounts falling due within one year |  | (78,511) | (77,300)
Net current assets/(liabilities) |  | 81,244 | (12,159)
Total assets less current liabilities |  | 273,689 | 126,422
Creditors: Amounts falling due after more than one year |  | (29,231) | (13,741)
Provisions for liabilities |  | (48,111) | (34,645)
Net assets |  | 196,347 | 78,036
Capital and reserves |  |  |
Called up share capital |  | 3 | 3
Profit and loss account |  | 196,344 | 78,033
Total equity |  | 196,347 | 78,036

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

| The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
| The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 11 March 2026

Mr M Lansdown Director |  |

Mowgate Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales (company number 03032117).

The address of its registered office is:
Dairy House
Somerleaze
Wookey
Wells
Somerset
BA5 1JU

These financial statements were authorised for issue by the director on 11 March 2026.

2 | Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Mowgate Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 15% reducing balance
Office equipment | 33% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | Straight line basis over 10 years

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Mowgate Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

4 | Intangible assets

| Total £
Cost or valuation
At 1 July 2024 | 30,000
At 30 June 2025 | 30,000
Amortisation
At 1 July 2024 | 30,000
At 30 June 2025 | 30,000
Carrying amount
At 30 June 2025 | -

5 | Tangible assets

| Total £
Cost or valuation
At 1 July 2024 | 332,684
Additions | 87,825
Disposals | (14,800)
At 30 June 2025 | 405,709
Depreciation
At 1 July 2024 | 194,103
Charge for the year | 33,961
Eliminated on disposal | (14,800)
At 30 June 2025 | 213,264
Carrying amount
At 30 June 2025 | 192,445
At 30 June 2024 | 138,581

6 | Related party transactions

Advances to directors

Mr M Lansdown During the period Mr M Lansdown went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £38,374 (2024 - £31,402). At the year end the amount outstanding from Mr M Lansdown was £38,374 (2024 - £28,000). Interest has been charged at the commercial rate.