Mowat & Company Ltd

Mowat & Company Ltd
Director's Report
For the year ended 31 August 2025

Director's report and financial statements

The director presents his report and unaudited accounts for the year ended 31 August 2025.

Principal activities

The principal activity of the company during the financial year was that of architecture.

Director

The director who served the company throughout the year was as follows:

A J Mowat

Statement of director's responsibilities

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :

select suitable accounting policies and then apply them consistently
make judgements and accounting estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

Small company regime

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime with Part 15 of the Companies Act 2006.

Audit exemption

Mowat & Company Ltd has taken advantage of the exemption under Section 477 of the Companies Act 2006 and these financial statements are therefore unaudited.

On behalf of the board.

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A J Mowat
Director

Date approved: 13 March 2026

Registered Number: 03228359 Mowat & Company Ltd
Statement of Financial Position
As at 31 August 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	5,483	9,192
		5,483	9,192
Current assets
Debtors	4	125,970	117,978
Cash at bank and in hand		473,986	442,638
		599,956	560,616
Creditors: amount falling due within one year	5	(226,486)	(223,981)
Net current assets		373,470	336,635

Total assets less current liabilities		378,953	345,827
Net assets		378,953	345,827

Capital and reserves
Called up share capital	6	2	2
Capital Redemption Reserve	7	2	2
Profit and loss account		378,949	345,823
Shareholders' funds		378,953	345,827

For the year ended 31 August 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 accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 13 March 2026 and were signed by:

-------------------------------
A J Mowat
Director

Mowat & Company Ltd
Notes to the Financial Statements
For the year ended 31 August 2025

General Information

Mowat & Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 03228359, registration address 16 Stannary Street, London, SE11 4AA.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (FRS 102) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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

This year's financial statements are for the year ended 31 August 2025. Last year's financial statements are for the period from 1 September 2023 to 31 August 2024.

Statement of cash flows

The company has taken advantage of the exemption in FRS 102 from the requirement to produce a statement of cash flows because it qualifies as a small entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Research and development expenditure

Research and development expenditure is charged to the income statement in the period in which it is incurred.

Taxation

Taxation represents the sum of tax currently payable and deferred tax.
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past years and it is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profits. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Straight Line
Fixtures and Fittings	25% Reducing Balance

Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and expected selling price. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated. The company recognises a provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use within the next period. The provision is measured at the salary cost payable for the period of absence.

Pensions

The company contributes to pension arrangements on behalf of its employees. Contributions payable for the year are charged in the income and expenditure account.

2.	Average number of employees Average number of employees during the year was 7 (2024 : 8).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Fixtures and Fittings	Total
	£	£	£
At 01 September 2024	66,304	27,085	93,389
Additions	4,332	-	4,332
Disposals	-	-	-
At 31 August 2025	70,636	27,085	97,721
Depreciation
At 01 September 2024	57,281	26,886	84,167
Charge for year	8,012	59	8,071
On disposals	-	-	-
At 31 August 2025	65,293	26,945	92,238
Net book values
Closing balance as at 31 August 2025	5,343	140	5,483
Opening balance as at 01 September 2024	9,023	169	9,192

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	88,109	81,079
Provision for Doubtful Debts	(27,160)	(27,160)
Prepayments & Accrued Income	16,223	15,576
Other Debtors	11,372	11,057
Directors' Current Accounts	37,426	37,426
	125,970	117,978

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	32,342	21,785
Corporation Tax	21,905	25,504
PAYE & Social Security	2,739	5,269
Accrued Expenses	146,362	132,847
Pensions control	807	941
VAT	22,331	37,635
	226,486	223,981

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
2 Class A shares of £1.00 each	2		2
	2		2

Capital Redemption Reserve

	2025 £		2024 £
Capital Redemption Reserve b/fwd	2		2
	2		2

8.	Financial commitments At 31 August 2025 the company had financial commitments on an office lease not provided for in these financial statements of £3,632 (2024 - £3,632).

Registered Number: 03228359
England and Wales
MOWAT & COMPANY LTD

Unaudited Financial Statements

Period of accounts Start date: 01 September 2024 End date: 31 August 2025