REGISTERED NUMBER: 01647404 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Rowlands Marine Electronics Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

9,730

13,403

Investments

5

1,159

1,159

10,889

14,562

CURRENT ASSETS

Stocks

93,100

105,315

Debtors

6

7,058

5,791

Cash at bank and in hand

12,873

49,077

113,031

160,183

CREDITORS

Amounts falling due within one year

7

8,742

61,218

NET CURRENT ASSETS

104,289

98,965

TOTAL ASSETS LESS CURRENT LIABILITIES

115,178

113,527

CREDITORS

Amounts falling due after more than one year

8

-

(5,625

)

PROVISIONS FOR LIABILITIES

(950

)

(485

)

NET ASSETS

114,228

107,417

CAPITAL AND RESERVES

Called up share capital

24,000

24,000

Retained earnings

90,228

83,417

114,228

107,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2026 and were signed on its behalf by:

S J Butterworth - Director

1.	STATUTORY INFORMATION

Rowlands Marine Electronics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01647404

Registered office:

Pwllheli Boatyard

Outer Harbour

Pwllheli

Gwynedd

LL53 5AY

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2025

12,019

69,798

81,817

Additions

-

415

415

Disposals

-

(8,995

)

(8,995

)

At 31 January 2026

12,019

61,218

73,237

DEPRECIATION

At 1 February 2025

12,019

56,395

68,414

Charge for year

-

3,455

3,455

Eliminated on disposal

-

(8,362

)

(8,362

)

At 31 January 2026

12,019

51,488

63,507

NET BOOK VALUE

At 31 January 2026

-

9,730

9,730

At 31 January 2025

-

13,403

13,403

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2025

and 31 January 2026

1,159

NET BOOK VALUE

At 31 January 2026

1,159

At 31 January 2025

1,159

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

2,030

5,317

Other debtors

5,028

474

7,058

5,791

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

677

-

Hire purchase contracts

-

3,750

Trade creditors

5,214

28,321

Taxation and social security

-

888

Other creditors

2,851

28,259

8,742

61,218

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Hire purchase contracts

-

5,625

9.	RELATED PARTY DISCLOSURES

The related parties are Firmhelm Limted and Pwllheli Marine Centre Limited, of which S J

Butterworth, Mrs A J Butterworth and Mr N Ll Butterworth are directors

Transactions during the year were on an arms length basis as follows:

2026

£

Sales to Firmhelm Limited

11,004

Purchases from Firmhelm Limited

3,438

The Company paid Firmhelm Limited a monthly management fee of £3,500

Sales to Pwllheli Marine Centre Limited

0

Purchases from Pwllheli Marine Centre Limited

695

The Company received dividends of £927.20 from Pwllheli Marine Centre Limited