Company Registration No. SC181088 (Scotland)
GOWAN EDWARDS LIMITED
Unaudited accounts
for the year ended 27 May 2023
GOWAN EDWARDS LIMITED
Unaudited accounts
Contents
GOWAN EDWARDS LIMITED
Company Information
for the year ended 27 May 2023
Director
Neil David Edwards
Company Number
SC181088 (Scotland)
Registered Office
2 GOWAN PARK
CUPAR
FIFE
KY15 4AZ
Accountants
Darren Kane MAAT
Figure Four Accounting Ltd
Office 2, 10 Milton Street
Dundee
DD3 6QQ
GOWAN EDWARDS LIMITED
Statement of financial position
as at 27 May 2023
Tangible assets
204,577
204,679
Cash at bank and in hand
4,402
2,242
Creditors: amounts falling due within one year
(2,606)
(2,306)
Net current assets/(liabilities)
1,796
(64)
Total assets less current liabilities
206,373
204,615
Creditors: amounts falling due after more than one year
(192,061)
(196,216)
Provisions for liabilities
Called up share capital
1,000
1,000
Profit and loss account
13,300
7,387
Shareholders' funds
14,300
8,387
For the year ending 27 May 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 October 2023 and were signed on its behalf by
Neil David Edwards
Director
Company Registration No. SC181088
GOWAN EDWARDS LIMITED
Notes to the Accounts
for the year ended 27 May 2023
GOWAN EDWARDS LIMITED is a private company, limited by shares, registered in Scotland, registration number SC181088. The registered office is 2 GOWAN PARK, CUPAR, FIFE, KY15 4AZ.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 27 May 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 28 May 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 28 May 2022
203,765
2,801
206,566
At 27 May 2023
203,765
2,801
206,566
At 28 May 2022
-
1,887
1,887
Charge for the year
-
102
102
At 27 May 2023
-
1,989
1,989
At 27 May 2023
203,765
812
204,577
At 27 May 2022
203,765
914
204,679
5
Creditors: amounts falling due within one year
2023
2022
GOWAN EDWARDS LIMITED
Notes to the Accounts
for the year ended 27 May 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
148,000
153,000
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).