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Registered number: 01115291
E P Cowen & Company Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
APH Accountants Ltd
Chartered Management Accountants
259 Wallasey Village
Wallasey
Merseyside
CH45 3LR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 01115291
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 168,255 159,961
168,255 159,961
CURRENT ASSETS
Stocks 5 30,000 30,000
Debtors 6 372,279 347,581
Cash at bank and in hand 262,481 137,856
664,760 515,437
Creditors: Amounts Falling Due Within One Year 7 (356,265 ) (313,401 )
NET CURRENT ASSETS (LIABILITIES) 308,495 202,036
TOTAL ASSETS LESS CURRENT LIABILITIES 476,750 361,997
Creditors: Amounts Falling Due After More Than One Year 8 (115,749 ) (124,383 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (41,588 ) (27,503 )
NET ASSETS 319,413 210,111
CAPITAL AND RESERVES
Called up share capital 10 300 300
Profit and Loss Account 319,113 209,811
SHAREHOLDERS' FUNDS 319,413 210,111
Page 1
Page 2
For the year ending 31 March 2026 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nicholas Swann
Director
15th October 2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
E P Cowen & Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01115291 . The registered office is Unit A, Russell Road, Birkenhead Wirral, Merseyside, CH42 1LU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% Reducing Balance
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Straight line
Fixtures & Fittings 20% Straight Line
Computer Equipment 20% Straight Line
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Page 4
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on 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 profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2026 2025
Office and administration 17 16
17 16
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2025 60,516 426,744 67,600 1,297
Additions - 54,995 - -
As at 31 March 2026 60,516 481,739 67,600 1,297
Depreciation
As at 1 April 2025 52,561 306,163 42,850 903
Provided during the period 6,052 28,244 12,375 131
As at 31 March 2026 58,613 334,407 55,225 1,034
Net Book Value
As at 31 March 2026 1,903 147,332 12,375 263
As at 1 April 2025 7,955 120,581 24,750 394
Computer Equipment Total
£ £
Cost
As at 1 April 2025 16,732 572,889
Additions 2,841 57,836
As at 31 March 2026 19,573 630,725
Depreciation
As at 1 April 2025 10,451 412,928
Provided during the period 2,740 49,542
As at 31 March 2026 13,191 462,470
...CONTINUED
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Page 6
Net Book Value
As at 31 March 2026 6,382 168,255
As at 1 April 2025 6,281 159,961
5. Stocks
2026 2025
£ £
Materials 30,000 30,000
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 264,372 214,569
Other debtors 27,823 26,604
Amounts owed by group undertakings 80,084 106,408
372,279 347,581
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 45,315 33,448
Trade creditors 124,748 170,005
Bank loans and overdrafts 8,064 16,397
Corporation tax 124,152 45,176
Other taxes and social security 7,024 5,286
VAT 26,526 19,719
Other creditors 9,340 9,455
Accruals and deferred income 1,676 3,655
Directors' loan accounts 9,420 10,260
356,265 313,401
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 109,353 109,923
Bank loans 6,396 14,460
115,749 124,383
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9. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 45,315 33,448
Later than one year and not later than five years 109,353 109,923
154,668 143,371
154,668 143,371
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 300 300
Page 7