G Cowley Limited - Filleted accounts

Registered number

02363234

G Cowley Limited

Filleted Accounts

31 October 2025

G Cowley Limited
Registered number:		02363234
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		-			25,373

Current assets
Stocks		-			1,084
Debtors	4	35,000			34,743
Cash at bank and in hand		3,356			22,045
		38,356			57,872

Creditors: amounts falling due within one year	5	(19,350)			(50,959)

Net current assets			19,006			6,913

Total assets less current liabilities			19,006			32,286


Provisions for liabilities			-			(4,649)


Net assets			19,006			27,637

Capital and reserves
Called up share capital			100			100
Profit and loss account			18,906			27,537

Shareholders' funds			19,006			27,637

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




G Cowley
Director
Approved by the board on 20 July 2026

G Cowley Limited
Notes to the Accounts
for the period from 1 May 2024 to 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	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 rendering of services and is recognised according to the date on which the services are provided.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and equipment	10% and 15% reducing balance
	Motor vehicles	20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			3		6


3	Tangible fixed assets
		Plant and machinery		Motor vehicles		Total
£			£		£
	Cost
	At 1 May 2024	118,808		14,968		133,776
	Disposals	(118,808)		-		(118,808)
	At 31 October 2025	-		14,968		14,968

	Depreciation
	At 1 May 2024	95,041		13,362		108,403
	Charge for the period	-		1,606		1,606
	On disposals	(95,041)		-		(95,041)
	At 31 October 2025	-		14,968		14,968

	Net book value
	At 31 October 2025	-		-		-
	At 30 April 2024	23,767		1,606		25,373


4	Debtors			2025		2024
£					£

	Trade debtors			-		34,743
	Other debtors			35,000		-
				35,000		34,743


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			-		15,705
	Taxation and social security costs			14,796		14,815
	Other creditors			4,554		20,439
				19,350		50,959


6	Related party transactions

	During the year dividends were paid to the shareholding director of £44,000 (2024: £15,000). The balance owed to the director was £4,554 (2024: £17,575) at the year end.


7	Controlling party

	The company is wholly controlled by the director.


8	Other information

	G Cowley Limited is a private company limited by shares and incorporated in England. Its registered office is:

	80 Sidney Street
	Cleethorpes
	North East Lincolnshire
	DN35 7NQ