Company Registration No. 04134290 (England and Wales)
Bowyer Pounds & Co Ltd
Unaudited accounts
for the period from 1 January 2022 to 31 May 2022
Bowyer Pounds & Co Ltd
Unaudited accounts
Contents
Bowyer Pounds & Co Ltd
Company Information
for the period from 1 January 2022 to 31 May 2022
Directors
M Pounds
N Pounds
Company Number
04134290 (England and Wales)
Registered Office
76 Glebe Lane
Maidstone
Kent
ME16 9BD
Bowyer Pounds & Co Ltd
Statement of financial position
as at 31 May 2022
Tangible assets
8,900
9,763
Cash at bank and in hand
11,673
101,072
Creditors: amounts falling due within one year
(49,820)
(51,035)
Net current (liabilities)/assets
(8,775)
73,122
Called up share capital
125
125
Profit and loss account
-
82,760
Shareholders' funds
125
82,885
For the period ending 31 May 2022 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 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 of Directors and authorised for issue on 1 June 2022 and were signed on its behalf by
M Pounds
Director
Company Registration No. 04134290
Bowyer Pounds & Co Ltd
Notes to the Accounts
for the period from 1 January 2022 to 31 May 2022
Bowyer Pounds & Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 04134290. The registered office is 76 Glebe Lane, Maidstone, Kent, ME16 9BD.
2
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
20% Reducing Balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Bowyer Pounds & Co Ltd
Notes to the Accounts
for the period from 1 January 2022 to 31 May 2022
4
Tangible fixed assets
Plant & machinery
5
Debtors: amounts falling due within one year
2022
2021
Accrued income and prepayments
770
-
Debtors: amounts falling due after more than one year
Accrued income and prepayments
-
584
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
6,879
7,006
Taxes and social security
26,314
43,066
Loans from directors
16,367
431
7
Average number of employees
During the period the average number of employees was 0 (2021: 0).