IRIS Accounts Production v18.3.0.592 00577024 Board of Directors 1.7.17 30.6.18 30.6.18 false true true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure005770242017-06-30005770242018-06-30005770242017-07-012018-06-30005770242016-06-30005770242016-07-012017-06-30005770242017-06-3000577024ns15:EnglandWales2017-07-012018-06-3000577024ns14:PoundSterling2017-07-012018-06-3000577024ns10:Director12017-07-012018-06-3000577024ns10:CompanySecretary12017-07-012018-06-3000577024ns10:PrivateLimitedCompanyLtd2017-07-012018-06-3000577024ns10:FRS1022017-07-012018-06-3000577024ns10:Audited2017-07-012018-06-3000577024ns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport2017-07-012018-06-3000577024ns10:LargeMedium-sizedCompaniesRegimeForAccounts2017-07-012018-06-3000577024ns10:FullAccounts2017-07-012018-06-3000577024ns10:OrdinaryShareClass12017-07-012018-06-3000577024ns10:Director22017-07-012018-06-3000577024ns10:Director42017-07-012018-06-3000577024ns10:Director52017-07-012018-06-3000577024ns10:Director62017-07-012018-06-3000577024ns10:Director72017-07-012018-06-3000577024ns10:RegisteredOffice2017-07-012018-06-3000577024ns10:Director32017-07-012018-06-3000577024ns5:CurrentFinancialInstruments2018-06-3000577024ns5:CurrentFinancialInstruments2017-06-3000577024ns5:ShareCapital2018-06-3000577024ns5:ShareCapital2017-06-3000577024ns5:CapitalRedemptionReserve2018-06-3000577024ns5:CapitalRedemptionReserve2017-06-3000577024ns5:RetainedEarningsAccumulatedLosses2018-06-3000577024ns5:RetainedEarningsAccumulatedLosses2017-06-3000577024ns5:ShareCapital2016-06-3000577024ns5:RetainedEarningsAccumulatedLosses2016-06-3000577024ns5:CapitalRedemptionReserve2016-06-3000577024ns5:RetainedEarningsAccumulatedLosses2016-07-012017-06-3000577024ns5:CapitalRedemptionReserve2016-07-012017-06-3000577024ns5:RetainedEarningsAccumulatedLosses2017-07-012018-06-3000577024ns5:CapitalRedemptionReserve2017-07-012018-06-300057702412017-07-012018-06-300057702412016-07-012017-06-3000577024ns5:PlantMachinery2017-07-012018-06-3000577024ns5:FurnitureFittings2017-07-012018-06-3000577024ns5:MotorVehicles2017-07-012018-06-3000577024ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount2017-07-012018-06-3000577024ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount2016-07-012017-06-3000577024ns5:OwnedAssets2017-07-012018-06-3000577024ns5:OwnedAssets2016-07-012017-06-3000577024ns5:LeasedAssets2017-07-012018-06-3000577024ns5:LeasedAssets2016-07-012017-06-3000577024112017-07-012018-06-3000577024112016-07-012017-06-3000577024122017-07-012018-06-3000577024122016-07-012017-06-3000577024132017-07-012018-06-3000577024132016-07-012017-06-3000577024142017-07-012018-06-3000577024142016-07-012017-06-3000577024152017-07-012018-06-3000577024152016-07-012017-06-3000577024ns5:PlantMachinery2017-06-3000577024ns5:FurnitureFittings2017-06-3000577024ns5:MotorVehicles2017-06-3000577024ns5:PlantMachinery2018-06-3000577024ns5:FurnitureFittings2018-06-3000577024ns5:MotorVehicles2018-06-3000577024ns5:PlantMachinery2017-06-3000577024ns5:FurnitureFittings2017-06-3000577024ns5:MotorVehicles2017-06-3000577024ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2017-07-012018-06-3000577024ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2018-06-3000577024ns5:UnlistedNon-exchangeTradedns5:CostValuation2017-06-3000577024ns5:UnlistedNon-exchangeTraded2018-06-3000577024ns5:UnlistedNon-exchangeTraded2017-06-3000577024ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-06-3000577024ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-06-3000577024ns5:WithinOneYear2018-06-3000577024ns5:WithinOneYear2017-06-3000577024ns5:BetweenOneFiveYears2018-06-3000577024ns5:BetweenOneFiveYears2017-06-3000577024ns5:MoreThanFiveYears2018-06-3000577024ns5:MoreThanFiveYears2017-06-3000577024ns5:AllPeriods2018-06-3000577024ns5:AllPeriods2017-06-3000577024ns5:DeferredTaxation2017-06-3000577024ns5:OtherProvisionsContingentLiabilities2017-06-3000577024ns5:DeferredTaxation2017-07-012018-06-3000577024ns5:OtherProvisionsContingentLiabilities2017-07-012018-06-3000577024ns5:DeferredTaxation2018-06-3000577024ns5:OtherProvisionsContingentLiabilities2018-06-3000577024ns10:OrdinaryShareClass12018-06-3000577024ns5:RetainedEarningsAccumulatedLosses2017-06-3000577024ns5:CapitalRedemptionReserve2017-06-3000577024ns10:Director552017-06-3000577024ns10:Director552016-06-3000577024ns10:Director552017-07-012018-06-3000577024ns10:Director552016-07-012017-06-3000577024ns10:Director552018-06-3000577024ns10:Director552017-06-30


REGISTERED NUMBER: 00577024 (England and Wales)















STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018

FOR

BOWMER-BOND NARROW FABRICS LIMITED

BOWMER-BOND NARROW FABRICS LIMITED (REGISTERED NUMBER: 00577024)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Income Statement 7

Other Comprehensive Income 8

Balance Sheet 9

Statement of Changes in Equity 10

Cash Flow Statement 11

Notes to the Cash Flow Statement 12

Notes to the Financial Statements 13


BOWMER-BOND NARROW FABRICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2018







DIRECTORS: P Horsnall
M A Allender
Mrs L L Horsnall
G D Sellers
N P Ratcliffe
Miss L E Horsnall





SECRETARY: M A Allender





REGISTERED OFFICE: Hanging Bridge Mills
Ashbourne
Derbyshire
DE6 2EA





REGISTERED NUMBER: 00577024 (England and Wales)





AUDITORS: Hollis and Co Limited
Chartered Accountants
Statutory Auditor
35 Wilkinson Street
Sheffield
South Yorkshire
S10 2GB

BOWMER-BOND NARROW FABRICS LIMITED (REGISTERED NUMBER: 00577024)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2018

The directors present their strategic report for the year ended 30 June 2018.

REVIEW OF BUSINESS
The results of the company for the year and financial position of the company are as shown in the annexed financial
statements.

For the year ended 30th June 2018, the company achieved a profit before tax of £823,180 on turnover that increased by
5.6% on the previous year.

Although the company continues to retain a strong focus on managing efficiency and cost control, the rising cost of raw
materials has impacted margins. As a result, the company achieved overall gross profitability of 43.3%, some 2% down
on the previous year. Next year remains challenging, however the business KPI's are continually monitored by the
directors and changes are implemented where deemed appropriate in order to minimise the effects of any risks and
uncertainties in retaining market share and maintaining margins to cover overheads.
During the period the company continued to reinvest in the research and development of new and innovative products
and processes to gain a competitive advantage in existing and new markets.
Overall, the directors are very satisfied with the performance for the year.

PRINCIPAL RISKS AND UNCERTAINTIES
Competitive pressure is a continuing risk which requires the company to produce high quality and affordable products to
its loyal customers.

In light of the uncertainty from the ongoing UK-EU exit negotiations, the directors acknowledge the difficulty of making
clear planning assumptions based on 'deal' or 'no-deal' EU exit scenarios. Given that the company's revenue from trading
with other EEA countries for the year was 47% of total turnover, the directors will seek to maintain the company's
competitiveness in Europe, and indeed improve its market share.
The company is exposed to fluctuations of both the US Dollar and Euro currencies and seeks to mitigate potential losses
that may be incurred. The directors expect the current global economic uncertainties to continue for some time and will
continue to seek to mitigate the risks that arise while identifying and exploring opportunities

FUTURE DEVELOPMENTS
The directors continue to maintain and adapt the strategies that have been developed to grow the business and to look for
new innovative products and services to further complement the existing portfolio of high quality webbing products.

ON BEHALF OF THE BOARD:





M A Allender - Secretary


8 November 2018

BOWMER-BOND NARROW FABRICS LIMITED (REGISTERED NUMBER: 00577024)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2018

The directors present their report with the financial statements of the company for the year ended 30 June 2018.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the manufacture and distribution of narrow
fabrics.

DIVIDENDS
No dividends will be distributed for the year ended 30 June 2018.

RESEARCH AND DEVELOPMENT
During the period the company continued to reinvest in the research and development of new and innovative products
and processes to gain a competitive advantage in existing and new markets.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2017 to the date of this report.

P Horsnall
M A Allender
Mrs L L Horsnall
G D Sellers

Other changes in directors holding office are as follows:

N P Ratcliffe - appointed 1 September 2017
Miss L E Horsnall - appointed 16 April 2018

R H Whitehouse ceased to be a director after 30 June 2018 but prior to the date of this report.

QUALIFYING THIRD PARTY INDEMNITY PROVISION
During the financial year and at the time the directors report is approved, a Qualifying Third Party Indemnity Provision
for the benefit of the directors is in force.

DISCLOSURE IN THE STRATEGIC REPORT
As required by Section 414C(11) Companies Act 2006, this statement confirms that certain items that are required to be
disclosed in the directors report are set out in the strategic report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements
in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors
have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting
Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not
approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the
company and of the profit or loss of the company for that period. In preparing these financial statements, the directors
are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-state whether applicable accounting standards have been followed, subject to any material departures disclosed and
explained in the financial statements;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will
continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the
company's transactions and disclose with reasonable accuracy at any time the financial position of the company and
enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.

BOWMER-BOND NARROW FABRICS LIMITED (REGISTERED NUMBER: 00577024)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2018


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act
2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have
taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the
company's auditors are aware of that information.

AUDITORS
The auditors, Hollis and Co Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:



M A Allender - Secretary


8 November 2018

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BOWMER-BOND NARROW FABRICS LIMITED

Opinion
We have audited the financial statements of Bowmer-Bond Narrow Fabrics Limited (the 'company') for the year ended
30 June 2018 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of
Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements,
including a summary of significant accounting policies. The financial reporting framework that has been applied in their
preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted
Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 June 2018 and of its profit for the year then
ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law.
Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the
financial statements section of our report. We are independent of the company in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard,
and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to
you where:
- the directors' use of the going concern basis of accounting in the preparation of the financial statements is not
appropriate; or
- the directors have not disclosed in the financial statements any identified material uncertainties that may cast
significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period
of at least twelve months from the date when the financial statements are authorised for issue.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic
Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors
thereon.

Our opinion on the financial statements does not cover the other information and we do not express any form of
assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing
so, consider whether the other information is materially inconsistent with the financial statements or our knowledge
obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we
conclude that there is a material misstatement of this other information, we are required to report that fact. We have
nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the
financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal
requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BOWMER-BOND NARROW FABRICS LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit,
we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you
if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from
branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are
responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and
for such internal control as the directors determine necessary to enable the preparation of financial statements that are
free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a
going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of
accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic
alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with
ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those
matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's
members as a body, for our audit work, for this report, or for the opinions we have formed.




Peter Hollis (Senior Statutory Auditor)
for and on behalf of Hollis and Co Limited
Chartered Accountants
Statutory Auditor
35 Wilkinson Street
Sheffield
South Yorkshire
S10 2GB

12 November 2018

BOWMER-BOND NARROW FABRICS LIMITED (REGISTERED NUMBER: 00577024)

INCOME STATEMENT
FOR THE YEAR ENDED 30 JUNE 2018

2018 2017
Notes £    £    £    £   

TURNOVER 5 9,816,241 9,297,405

Cost of sales 5,564,977 5,068,724
GROSS PROFIT 4,251,264 4,228,681

Distribution costs 1,004,792 926,092
Administrative expenses 2,423,563 2,387,341
3,428,355 3,313,433
OPERATING PROFIT 7 822,909 915,248

Interest receivable and similar income 2,151 916
825,060 916,164

Interest payable and similar expenses 9 1,880 4,704
PROFIT BEFORE TAXATION 823,180 911,460

Tax on profit 10 70,135 162,888
PROFIT FOR THE FINANCIAL YEAR 753,045 748,572

BOWMER-BOND NARROW FABRICS LIMITED (REGISTERED NUMBER: 00577024)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2018

2018 2017
Notes £    £   

PROFIT FOR THE YEAR 753,045 748,572


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

753,045

748,572

BOWMER-BOND NARROW FABRICS LIMITED (REGISTERED NUMBER: 00577024)

BALANCE SHEET
30 JUNE 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 11 342,428 390,226
Investments 12 1,600 1,600
344,028 391,826

CURRENT ASSETS
Stocks 13 1,491,102 1,244,781
Debtors 14 5,560,744 5,093,045
Cash at bank and in hand 1,876,341 1,572,199
8,928,187 7,910,025
CREDITORS
Amounts falling due within one year 15 1,623,696 1,338,408
NET CURRENT ASSETS 7,304,491 6,571,617
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,648,519

6,963,443

PROVISIONS FOR LIABILITIES 18 471,605 539,574
NET ASSETS 7,176,914 6,423,869

CAPITAL AND RESERVES
Called up share capital 19 513,750 513,750
Capital redemption reserve 20 11,250 11,250
Retained earnings 20 6,651,914 5,898,869
SHAREHOLDERS' FUNDS 7,176,914 6,423,869

The financial statements were approved by the Board of Directors on 8 November 2018 and were signed on its behalf
by:





M A Allender - Director


BOWMER-BOND NARROW FABRICS LIMITED (REGISTERED NUMBER: 00577024)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2018

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   

Balance at 1 July 2016 513,750 5,150,297 11,250 5,675,297

Changes in equity
Total comprehensive income - 748,572 - 748,572
Balance at 30 June 2017 513,750 5,898,869 11,250 6,423,869

Changes in equity
Total comprehensive income - 753,045 - 753,045
Balance at 30 June 2018 513,750 6,651,914 11,250 7,176,914

BOWMER-BOND NARROW FABRICS LIMITED (REGISTERED NUMBER: 00577024)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2018

2018 2017
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 574,270 1,402,048
Interest paid (1,880 ) (4,704 )
Tax paid (166,213 ) (78,089 )
Net cash from operating activities 406,177 1,319,255

Cash flows from investing activities
Purchase of tangible fixed assets (112,653 ) (118,362 )
Sale of tangible fixed assets 542 -
Interest received 2,151 916
Net cash from investing activities (109,960 ) (117,446 )

Cash flows from financing activities
Amount introduced by directors 5,600 -
Amount withdrawn by directors (3,000 ) (19,587 )
Movement with group companies 5,325 (426,597 )
Net cash from financing activities 7,925 (446,184 )

Increase in cash and cash equivalents 304,142 755,625
Cash and cash equivalents at beginning of
year

2

1,572,199

816,574

Cash and cash equivalents at end of year 2 1,876,341 1,572,199

BOWMER-BOND NARROW FABRICS LIMITED (REGISTERED NUMBER: 00577024)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2018

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
2018 2017
£    £   
Profit before taxation 823,180 911,460
Depreciation charges 158,897 125,751
Loss on disposal of fixed assets 1,013 -
Increase in provisions - (30,000 )
Expenditure - dilapidation provision (58,706 ) (14,902 )
Loan write off - 200,000
Finance costs 1,880 4,704
Finance income (2,151 ) (916 )
924,113 1,196,097
Increase in stocks (246,321 ) (4,300 )
Increase in trade and other debtors (475,625 ) (26,433 )
Increase in trade and other creditors 372,103 236,684
Cash generated from operations 574,270 1,402,048

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these
Balance Sheet amounts:

Year ended 30 June 2018
30.6.18 1.7.17
£    £   
Cash and cash equivalents 1,876,341 1,572,199
Year ended 30 June 2017
30.6.17 1.7.16
£    £   
Cash and cash equivalents 1,572,199 816,574

BOWMER-BOND NARROW FABRICS LIMITED (REGISTERED NUMBER: 00577024)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018

1. COMPANY INFORMATION

Bowmer Bond Narrow Fabrics Limited is a Limited Company incorporated in England and Wales. Its registered
office and principal place of business is: Hanging Bridge Mills, Ashbourne, Derbyshire, DE6 2EA

2. STATUTORY INFORMATION

Bowmer-Bond Narrow Fabrics Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The figures in the financial statements are rounded to the nearest £.

3. STATEMENT OF COMPLIANCE

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" and the Companies Act 2006.

4. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that that
company has adequate resources to continue in operational existence for the foreseeable future. The company
therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover and revenue recognition
Turnover represents amounts invoiced to customers in respect of the sale of goods, exclusive of value added tax.
Revenues are recognised when the goods have been despatched to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% to 33% on cost
Motor vehicles - 20% on cost

Stocks
Stocks of raw materials and finished goods are valued at the lower of cost and net realisable value, after making
due allowance for obsolete and slow moving items.

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


BOWMER-BOND NARROW FABRICS LIMITED (REGISTERED NUMBER: 00577024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018

4. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments
Rentals paid under operating leases are charged to the profit and loss account as incurred.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Fixed asset investments are stated at cost less amounts written off.

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

5. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2018 2017
£    £   
United Kingdom 4,366,988 4,256,038
Europe 4,637,901 4,288,267
Rest of the world 811,352 753,100
9,816,241 9,297,405

BOWMER-BOND NARROW FABRICS LIMITED (REGISTERED NUMBER: 00577024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018

6. EMPLOYEES AND DIRECTORS
2018 2017
£    £   
Wages and salaries 2,159,809 1,906,072
Social security costs 199,526 159,642
Other pension costs 46,969 39,938
2,406,304 2,105,652

The average number of employees during the year was as follows:
2018 2017

Production and sales 81 84
Office and management 11 10
92 94

2018 2017
£    £   
Directors' remuneration 153,752 71,832
Directors' pension contributions to money purchase schemes 8,863 6,941

7. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2018 2017
£    £   
Depreciation - owned assets 155,920 125,751
Depreciation - assets on hire purchase contracts or finance leases 2,976 -
Loss on disposal of fixed assets 1,013 -
Operating leases - plant and machinery 34,704 30,657
Operating leases - other 144,000 166,800
Research and development costs 312,020 147,799
Pension costs 38,106 39,938
Foreign exchange differences (125,375 ) 13,296

Auditors remuneration for the year amounts to £11,000 (2017: £11,000) This is now charged to the company's
parent undertaking.

During the year, the company's ultimate parent undertaking, Bowmer Bond (Holdings) Limited raised
management charges amounting to £480,000 (2017: £480,000) which included amounts for providing the
services of Mr Horsnall, Mr Whitehouse and Mr Allender as directors of the company.

8. EXCEPTIONAL ITEMS
2018 2017
£    £   
Exceptional items - loan write off - (200,000 )

9. INTEREST PAYABLE AND SIMILAR EXPENSES
2018 2017
£    £   
Bank loan interest 1,880 4,704

BOWMER-BOND NARROW FABRICS LIMITED (REGISTERED NUMBER: 00577024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018

10. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2018 2017
£    £   
Current tax:
UK corporation tax 79,398 166,213

Deferred tax (9,263 ) (3,325 )
Tax on profit 70,135 162,888

UK corporation tax has been charged at 19% (2017 - 20%).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is
explained below:

2018 2017
£    £   
Profit before tax 823,180 911,460
Profit multiplied by the standard rate of corporation tax in the UK of 19%
(2017 - 19%)

156,404

173,177

Effects of:
Expenses not deductible for tax purposes 2,939 40,680
Capital allowances in excess of depreciation - (120 )
Depreciation in excess of capital allowances 8,977 -
Adjustments to tax charge in respect of previous periods (2,680 ) -
Enhanced tax relief on Research and Development expenditure (77,069 ) (36,506 )
Effect of changes to main and marginal tax rates during the year - 6,156
Claim to Group losses (9,571 ) (22,296 )
Tax payable under S455 CTA 2010 398 5,122
Deferred tax release (9,263 ) (3,325 )
Total tax charge 70,135 162,888

BOWMER-BOND NARROW FABRICS LIMITED (REGISTERED NUMBER: 00577024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018

11. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2017 2,474,797 818,313 37,670 3,330,780
Additions 50,821 46,952 14,880 112,653
Disposals - - (19,775 ) (19,775 )
Reclassification/transfer (69,499 ) 69,499 - -
At 30 June 2018 2,456,119 934,764 32,775 3,423,658
DEPRECIATION
At 1 July 2017 2,205,695 704,681 30,178 2,940,554
Charge for year 49,963 102,378 6,555 158,896
Eliminated on disposal - - (18,220 ) (18,220 )
At 30 June 2018 2,255,658 807,059 18,513 3,081,230
NET BOOK VALUE
At 30 June 2018 200,461 127,705 14,262 342,428
At 30 June 2017 269,102 113,632 7,492 390,226

The total carrying value of tangible fixed assets are pledged as security for the groups bank borrowings.

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
Additions 14,880
At 30 June 2018 14,880
DEPRECIATION
Charge for year 2,976
At 30 June 2018 2,976
NET BOOK VALUE
At 30 June 2018 11,904

12. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 July 2017
and 30 June 2018 1,600
NET BOOK VALUE
At 30 June 2018 1,600
At 30 June 2017 1,600

BOWMER-BOND NARROW FABRICS LIMITED (REGISTERED NUMBER: 00577024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018

13. STOCKS
2018 2017
£    £   
Finished goods 423,998 382,334
Raw materials 1,067,104 862,447
1,491,102 1,244,781

The total carrying value of stock is pledged as security for the groups bank borrowings.

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 1,803,215 1,696,159
Amounts owed by group undertakings 3,343,079 3,348,405
Other debtors 301,519 6,022
Directors' current accounts 16,987 19,587
VAT 69,372 -
Prepayments 26,572 22,872
5,560,744 5,093,045

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 1,282,485 955,128
Tax 79,869 166,684
Social security and other taxes 75,770 55,067
VAT - 4,647
Other creditors 37,920 4,419
Accrued expenses 147,652 152,463
1,623,696 1,338,408

16. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2018 2017
£    £   
Within one year 176,195 195,177
Between one and five years 687,621 722,799
In more than five years 21,616 128,200
885,432 1,046,176

The company's significant leasing arrangements relate to property leases.

17. SECURED DEBTS

Any bank borrowings are secured by a fixed charge over the groups freehold property at Hanging Bridge Mills
and a floating charge over the all the property and undertaking of the company, dated 21 July 2015.

BOWMER-BOND NARROW FABRICS LIMITED (REGISTERED NUMBER: 00577024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018

18. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax 56,311 65,574
Other provisions 415,294 474,000
471,605 539,574

Deferred Other
tax provisions
£    £   
Balance at 1 July 2017 65,574 518,902
Credit to Income Statement during year (9,263 ) -
Balance at 30 June 2018 56,311 518,902

Other provisions relates to dilapidation provision's arising under property leases.

19. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
513,750 Ordinary £1 513,750 513,750

20. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 July 2017 5,898,869 11,250 5,910,119
Profit for the year 753,045 - 753,045
At 30 June 2018 6,651,914 11,250 6,663,164

21. PENSION COMMITMENTS

During the year, the company has contributed to the personal pension schemes of certain employees.

The assets of the schemes are held separately from those of the company in independently administered funds.
The contributions payable for the year amounted to £38,106 (2017 : £39,938), whilst outstanding contributions
amounted to £Nil (2017 : £Nil)

22. ULTIMATE PARENT COMPANY

The company's immediate parent undertaking is BB Ashbourne Limited, and its ultimate parent undertaking is
Bowmer Bond (Holdings) Limited.

BOWMER-BOND NARROW FABRICS LIMITED (REGISTERED NUMBER: 00577024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018

23. OTHER FINANCIAL COMMITMENTS

The company is party to a cross guarantee, whereby it is a guarantor of any indebtedness of the group to the
groups bankers.

At the year end, the group does not have an overall indebtedness to the bank.

24. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2018 and
30 June 2017:

2018 2017
£    £   
G D Sellers
Balance outstanding at start of year 19,587 -
Amounts advanced 3,000 23,831
Amounts repaid (5,600 ) (4,244 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,987 19,587

The advances are interest free and there is no fixed repayment date. The amounts are included within other
debtors.

25. RELATED PARTY DISCLOSURES

The remuneration of key management personnel amounts to £373,935

FRS102 Section 33.1A exempts the company from disclosing transactions with entities that are 100% owned
within the group.

26. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P Horsnall.