COWIE CONSTRUCTION LTD


Directors	COWIE, Keith George
	COWIE, Selina Claire


Company Secretary	COWIE, Selina Claire


Registered Address	30 Grange Meadow
	Banstead
	SM7 3RD


Registered Number	05032283 (England and Wales)

Statement of Financial Position
28 February 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	4		21,973		28,132
			21,973		28,132
Current assets
Stocks	5	268,362		-
Debtors	6	6,202		6,588
Cash at bank and on hand		207,489		538,806
		482,053		545,394
Creditors amounts falling due within one year	7	(212,538)		(277,654)
Net current assets (liabilities)			269,515		267,740
Total assets less current liabilities			291,488		295,872
Creditors amounts falling due after one year	8		(5,726)		(14,330)
Provisions for liabilities	10		(5,054)		(5,345)
Net assets			280,708		276,197
Capital and reserves
Called up share capital			100		100
Profit and loss account			280,608		276,097
Shareholders' funds			280,708		276,197

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 12 June 2026, and are signed on its behalf by:

COWIE, Keith George
Director
Registered Company No. 05032283

COWIE CONSTRUCTION LTD

Notes to the Financial Statements
for the year ended 28 February 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

Statement of compliance

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention, unless otherwise specified within accounting policies. The principal accounting policies adopted are set out below.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Goodwill, being the amount paid in connection with acquisition of the business in 2003, has been amortised evenly over its estimated useful life of 15 years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Vehicles	25
	Office Equipment	25

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	2		2

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 March 25	15,000	15,000
At 28 February 26	15,000	15,000
Amortisation and impairment
At 01 March 25	15,000	15,000
At 28 February 26	15,000	15,000
Net book value
At 28 February 26	-	-
At 28 February 25	-	-

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 March 25	7,173	34,250	6,013	47,436
Additions	-	-	1,165	1,165
At 28 February 26	7,173	34,250	7,178	48,601
Depreciation and impairment
At 01 March 25	7,052	8,562	3,690	19,304
Charge for year	30	6,422	872	7,324
At 28 February 26	7,082	14,984	4,562	26,628
Net book value
At 28 February 26	91	19,266	2,616	21,973
At 28 February 25	121	25,688	2,323	28,132

5.	Stocks

	2026	2025
	£	£
Other stocks	268,362	-
Total	268,362	-

6.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	-	1,026
Other debtors	5,589	5,000
Prepayments and accrued income	613	562
Total	6,202	6,588

7.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	4,102	2,739
Bank borrowings and overdrafts	3,531	10,419
Taxation and social security	2,722	33,047
Finance lease and HP contracts	5,073	4,885
Other creditors	192,064	221,869
Accrued liabilities and deferred income	5,046	4,695
Total	212,538	277,654

8.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	-	3,531
Other creditors	5,726	10,799
Total	5,726	14,330

9.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	10,799		15,683

10.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	5,054	5,345
Total	5,054	5,345