REGISTERED NUMBER: 06954387 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2024 TO 31 DECEMBER 2025

FOR

S T GOWAN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S T Gowan

REGISTERED OFFICE:

51 High Street

Bempton

East Yorkshire

YO15 1HB

REGISTERED NUMBER:

06954387 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Tangible assets

4

419,767

397,204

CURRENT ASSETS

Stocks

243,400

242,688

Debtors

5

24,375

91,656

Cash at bank and in hand

11,865

215

279,640

334,559

CREDITORS

Amounts falling due within one year

6

153,053

196,390

NET CURRENT ASSETS

126,587

138,169

TOTAL ASSETS LESS CURRENT LIABILITIES

546,354

535,373

CREDITORS

Amounts falling due after more than one year

7

(197,375

)

(175,746

)

PROVISIONS FOR LIABILITIES

(48,061

)

(53,113

)

NET ASSETS

300,918

306,514

CAPITAL AND RESERVES

Called up share capital

9

2

2

Revaluation reserve

131,637

132,104

Retained earnings

169,279

174,408

SHAREHOLDERS' FUNDS

300,918

306,514

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 23 April 2026 and were signed by:

S T Gowan - Director

1.	STATUTORY INFORMATION

S T Gowan Limited 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 as modified by the revaluation of certain assets.

Turnover

Turnover is derived from machinery sales and is recognised on supply of the goods.

Tangible fixed assets

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

Freehold property

-

2% on cost

Improvements to property

-

5% on cost

Plant and machinery

-

20% on cost

Fixtures, fittings and equipment

-

20% on cost

Motor vehicles

-

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.

Taxation

Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits

The company offers an auto-enrolment pension to its employees. Contributions payable are charged to statement of income and retained earnings in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 August 2024

400,000

68,359

468,359

Additions

-

40,010

40,010

At 31 December 2025

400,000

108,369

508,369

DEPRECIATION

At 1 August 2024

16,000

55,155

71,155

Charge for period

11,333

6,114

17,447

At 31 December 2025

27,333

61,269

88,602

NET BOOK VALUE

At 31 December 2025

372,667

47,100

419,767

At 31 July 2024

384,000

13,204

397,204

Cost or valuation at 31 December 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2022

186,509

-

186,509

Cost

213,491

108,369

321,860

400,000

108,369

508,369

If freehold property had not been revalued it would have been included at the following historical cost:

31.12.25

31.7.24

£

£

Cost

213,491

213,491

Aggregate depreciation

12,809

8,540

Freehold property was valued on an open market basis on 31 December 2025 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.7.24

£

£

Trade debtors

24,375

89,843

Other debtors

-

1,813

24,375

91,656

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.7.24

£

£

Bank loans and overdrafts

84,129

75,048

Hire purchase contracts

18,638

-

Trade creditors

11,410

62,176

Taxation and social security

9,841

27,059

Other creditors

29,035

32,107

153,053

196,390

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.7.24

£

£

Bank loans

152,410

175,746

Hire purchase contracts

44,965

-

197,375

175,746

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

120,082

139,229

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.7.24

£

£

Bank overdraft

-

27,814

Hire purchase contracts

63,603

-

Bank loans

228,981

201,267

Other loans

705

6,688

293,289

235,769

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.7.24

value:

£

£

2

Ordinary

£1

2

2