Registered number
09963279
Bowerman Audio Production Limited
Filleted Accounts
31 January 2023
Bowerman Audio Production Limited
Registered number: 09963279
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 23,117 15,489
Cash at bank and in hand 22,821 9,564
45,938 25,053
Creditors: amounts falling due within one year 4 (22,230) (12,989)
Net current assets 23,708 12,064
Total assets less current liabilities 23,708 12,064
Creditors: amounts falling due after more than one year 5 (7,997) (10,963)
Net assets 15,711 1,101
Capital and reserves
Called up share capital 100 100
Profit and loss account 15,611 1,001
Shareholder's funds 15,711 1,101
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Neil Bowerman
Director
Approved by the board on 17 October 2023
Bowerman Audio Production Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Trade debtors 13,332 5,790
Other debtors 9,785 9,699
23,117 15,489
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,942 2,858
Trade creditors (360) 790
Taxation and social security costs 19,473 9,166
Other creditors 175 175
22,230 12,989
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 7,997 10,963
6 Loans to directors
Interest free directors loan B/fwd Paid Repaid C/fwd
£ £ £ £
Neil Bowerman
Loans to director 9,699 35,548 (35,462) 9,785
9,699 35,548 (35,462) 9,785
7 Other information
Bowerman Audio Production Limited is a private company limited by shares and incorporated in England. Its registered office is:
Flat 32 Bartholomew House
4 Southern Row
London
W10 5AG
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