Caseware UK (AP4) 2021.0.152 2021.0.152 2021-06-302021-06-30232020-07-01falseNo description of principal activity23truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04236526 2020-07-01 2021-06-30 04236526 2019-07-01 2020-06-30 04236526 2021-06-30 04236526 2020-06-30 04236526 c:Director2 2020-07-01 2021-06-30 04236526 d:Buildings d:LongLeaseholdAssets 2020-07-01 2021-06-30 04236526 d:Buildings d:LongLeaseholdAssets 2021-06-30 04236526 d:Buildings d:LongLeaseholdAssets 2020-06-30 04236526 d:PlantMachinery 2020-07-01 2021-06-30 04236526 d:PlantMachinery 2021-06-30 04236526 d:PlantMachinery 2020-06-30 04236526 d:PlantMachinery d:OwnedOrFreeholdAssets 2020-07-01 2021-06-30 04236526 d:FurnitureFittings 2020-07-01 2021-06-30 04236526 d:FurnitureFittings 2021-06-30 04236526 d:FurnitureFittings 2020-06-30 04236526 d:FurnitureFittings d:OwnedOrFreeholdAssets 2020-07-01 2021-06-30 04236526 d:OfficeEquipment 2020-07-01 2021-06-30 04236526 d:OfficeEquipment 2021-06-30 04236526 d:OfficeEquipment 2020-06-30 04236526 d:OfficeEquipment d:OwnedOrFreeholdAssets 2020-07-01 2021-06-30 04236526 d:OwnedOrFreeholdAssets 2020-07-01 2021-06-30 04236526 d:CurrentFinancialInstruments 2021-06-30 04236526 d:CurrentFinancialInstruments 2020-06-30 04236526 d:Non-currentFinancialInstruments 2021-06-30 04236526 d:Non-currentFinancialInstruments 2020-06-30 04236526 d:CurrentFinancialInstruments d:WithinOneYear 2021-06-30 04236526 d:CurrentFinancialInstruments d:WithinOneYear 2020-06-30 04236526 d:Non-currentFinancialInstruments d:AfterOneYear 2021-06-30 04236526 d:Non-currentFinancialInstruments d:AfterOneYear 2020-06-30 04236526 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-06-30 04236526 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2020-06-30 04236526 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-06-30 04236526 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2020-06-30 04236526 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-06-30 04236526 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2020-06-30 04236526 d:ShareCapital 2021-06-30 04236526 d:ShareCapital 2020-06-30 04236526 d:RetainedEarningsAccumulatedLosses 2021-06-30 04236526 d:RetainedEarningsAccumulatedLosses 2020-06-30 04236526 c:FRS102 2020-07-01 2021-06-30 04236526 c:AuditExempt-NoAccountantsReport 2020-07-01 2021-06-30 04236526 c:FullAccounts 2020-07-01 2021-06-30 04236526 c:PrivateLimitedCompanyLtd 2020-07-01 2021-06-30 04236526 d:WithinOneYear 2021-06-30 04236526 d:WithinOneYear 2020-06-30 04236526 d:BetweenOneFiveYears 2021-06-30 04236526 d:BetweenOneFiveYears 2020-06-30 04236526 d:MoreThanFiveYears 2021-06-30 04236526 d:MoreThanFiveYears 2020-06-30 iso4217:GBP xbrli:pure

Registered number: 04236526










GOBOWLING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2021

 
GOBOWLING LIMITED
REGISTERED NUMBER: 04236526

BALANCE SHEET
AS AT 30 JUNE 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
158,423
153,853

Current assets
  

Stocks
  
21,500
15,500

Debtors: amounts falling due within one year
 5 
164,893
187,323

Cash at bank and in hand
 6 
32,192
4,341

  
218,585
207,164

Creditors: amounts falling due within one year
 7 
(974,977)
(903,502)

Net current liabilities
  
 
 
(756,392)
 
 
(696,338)

Total assets less current liabilities
  
(597,969)
(542,485)

Creditors: amounts falling due after more than one year
 8 
(39,167)
(50,000)

  

Net liabilities
  
(637,136)
(592,485)


Capital and reserves
  

Called up share capital 
  
782,607
782,607

Profit and loss account
  
(1,419,743)
(1,375,092)

  
(637,136)
(592,485)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
GOBOWLING LIMITED
REGISTERED NUMBER: 04236526

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2021


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

N O Sahlgren
Director
Date: 31 August 2022

Page 2

 
GOBOWLING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021

1.


General information

GObowling Limited is a private company limited by shares and incorporated in England and Wales, registration number 04236526. The address of its principal place of business is Grove Park, Court Drive, Dunstable, LU5 4JD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company has net liabilities of £637,136 (2020: £592,485) at the year end and remains dependent on the ongoing support of its landlord and other creditors in order to continue trading into the foreseeable future.
The Director has also considered the impact of the global Covid-19 pandemic on the ability of the
company to continue trading for the foreseeable future. This review has included considering the
impact of the pandemic to the date of signing the financial statements and updating financial projections in respect of income and the company’s supply chain.The director has also considered the impairment of the company's assets. Based on this review and taken together with the support of its landlord and other creditors the director believes that the financial statements have been prepared appropriately on the going concern basis.

 
2.3

Revenue

Revenue in respect of goods and services supplied is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
GOBOWLING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021

2.Accounting policies (continued)

  
2.7

Taxation

Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. 
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long Term Leasehold Property
-
20%
Plant and machinery
-
10%
Fixtures and fittings
-
10%
Office equipment
-
10%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
GOBOWLING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021

2.Accounting policies (continued)

 
2.11

Debtors

Debtors, including loans receivable from the company's holding company, are measured at transaction price, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 23 (2020 - 23).

Page 5

 
GOBOWLING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021

4.


Tangible fixed assets





Leasehold improvements
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2020
106,625
1,130,798
267,447
122,528
1,627,398


Additions
-
36,474
-
-
36,474



At 30 June 2021

106,625
1,167,272
267,447
122,528
1,663,872



Depreciation


At 1 July 2020
106,179
1,028,834
240,682
97,851
1,473,546


Charge for the year on owned assets
445
22,251
2,698
6,509
31,903



At 30 June 2021

106,624
1,051,085
243,380
104,360
1,505,449



Net book value



At 30 June 2021
1
116,187
24,067
18,168
158,423



At 30 June 2020
445
101,965
26,766
24,677
153,853


5.


Debtors

2021
2020
£
£


Other debtors
137,910
175,880

Prepayments and accrued income
26,983
11,443

164,893
187,323



6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
32,192
4,341


Page 6

 
GOBOWLING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021

7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank loans
10,000
-

Trade creditors
728,078
713,397

Amounts owed to group undertakings
288
5,273

Other taxation and social security
143,149
91,254

Other creditors
83,742
81,809

Accruals and deferred income
9,720
11,769

974,977
903,502



8.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
39,167
50,000


This loan is an unsecured loan taken out under the Coronavirus Bounce Back Loan Scheme.


9.


Loans


Analysis of the maturity of loans is given below:


2021
2020
£
£

Amounts falling due within one year

Bank loans
10,000
-

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
29,166
30,000

Amounts falling due after more than 5 years

Bank loans
-
10,000

49,166
50,000


Page 7

 
GOBOWLING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021

10.


Commitments under operating leases

At 30 June 2021 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2021
2020
£
£


Not later than 1 year
333,500
333,500

Later than 1 year and not later than 5 years
1,334,000
1,334,000

Later than 5 years
194,580
528,080

1,862,080
2,195,580

The Company entered into a separate rent repayment deed with Hospitality Holdings Limited (part of the Compass Group) which requires that only 60% of the above lease payments are payable by the Company. Hospitality Holdings Ltd retains the right to review this figure on any Review Date.
The Company has not received any demands from the landlord for rent payments since 30 June 2018 and consequently no rent has been charged in these accounts.


11.


Related party transactions

The director has provided limited personal guarantees on Company liabilities.
Other debtors includes a loan to the director of £99,174 (2020: £119,186).


12.


Controlling party

The company is a subsidiary of GObowling Holdings Limited, a non trading company incorporated in England and Wales. Its registered office is 2 Communications Road, Greenham Business Park, Greenham, Newbury, Berkshire RG19 6AB.


Page 8