The Mowerman (Trowell) Limited Filleted accounts for Companies House (small and micro)

THE MOWERMAN (TROWELL) LIMITED - Company Information

1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 7,653 7,653 6,100 388 6,488 1,553 xbrli:pure xbrli:shares iso4217:GBP 06762769 2022-01-01 2022-12-31 06762769 2022-12-31 06762769 2021-12-31 06762769 2021-01-01 2021-12-31 06762769 2021-12-31 06762769 2020-12-31 06762769 core:PlantMachinery 2022-01-01 2022-12-31 06762769 bus:Director1 2022-01-01 2022-12-31 06762769 core:PlantMachinery 2021-12-31 06762769 core:WithinOneYear 2022-12-31 06762769 core:WithinOneYear 2021-12-31 06762769 core:ShareCapital 2022-12-31 06762769 core:ShareCapital 2021-12-31 06762769 core:RetainedEarningsAccumulatedLosses 2022-12-31 06762769 core:RetainedEarningsAccumulatedLosses 2021-12-31 06762769 core:PlantMachinery 2021-12-31 06762769 bus:SmallEntities 2022-01-01 2022-12-31 06762769 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 06762769 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 06762769 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 06762769 bus:FullAccounts 2022-01-01 2022-12-31

COMPANY REGISTRATION NUMBER: 06762769

The Mowerman (Trowell) Limited

Filleted Unaudited Financial Statements

31 December 2022

The Mowerman (Trowell) Limited

Statement of Financial Position

31 December 2022

	2022	2021
Note	£	£

Fixed assets

Tangible assets	5	–	1,553

Current assets

Stocks		–	613
Debtors	6	1,160	676
Cash at bank and in hand		650	740
		-------	-------
		1,810	2,029

Creditors: amounts falling due within one year	7	6,167	5,307
		-------	-------
Net current liabilities		4,357	3,278
		-------	-------
Total assets less current liabilities		( 4,357)	( 1,725)

Provisions	–	393
	-------	-------
Net liabilities	( 4,357)	( 2,118)
	-------	-------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 4,359)	( 2,120)
	-------	-------
Shareholders deficit	( 4,357)	( 2,118)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2022 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

The Mowerman (Trowell) Limited

Statement of Financial Position (continued)

31 December 2022

These financial statements were approved by the board of directors and authorised for issue on 17 April 2023 , and are signed on behalf of the board by:

Mr P Garton
Director

Company registration number: 06762769

The Mowerman (Trowell) Limited

Notes to the Financial Statements

Year ended 31 December 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 24 Rutland Street, Ilkeston, Derbyshire, DE7 8DG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2021: 1 ).

5. Tangible assets

	Plant and machinery
	£
Cost
At 1 January 2022	7,653
Disposals	( 7,653)
	-------
At 31 December 2022	–
	-------
Depreciation
At 1 January 2022	6,100
Charge for the year	388
Disposals	( 6,488)
	-------
At 31 December 2022	–
	-------
Carrying amount
At 31 December 2022	–
	-------
At 31 December 2021	1,553
	-------

6. Debtors

	2022	2021
	£	£
Trade debtors	–	338
Other debtors	1,160	338
	-------	----
	1,160	676
	-------	----

7. Creditors: amounts falling due within one year

	2022	2021
	£	£
Other creditors	6,167	5,307
	-------	-------

8. Director's advances, credits and guarantees

At the balance sheet date the company owed the director £5,345 (2021: £4,478).