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REGISTERED NUMBER: 09272537 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BOWCROFT COMMERCE LIMITED

BOWCROFT COMMERCE LIMITED (REGISTERED NUMBER: 09272537)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOWCROFT COMMERCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: O Sanderson
N Sanderson





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 09272537 (England and Wales)





ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW

BOWCROFT COMMERCE LIMITED (REGISTERED NUMBER: 09272537)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,766,282 1,769,688
Investments 5 7,560 100
1,773,842 1,769,788

CURRENT ASSETS
Cash at bank 916,970 221,523

CREDITORS
Amounts falling due within one year 6 112,314 102,486
NET CURRENT ASSETS 804,656 119,037
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,578,498

1,888,825

PROVISIONS FOR LIABILITIES 4,708 5,560
NET ASSETS 2,573,790 1,883,265

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 2,573,690 1,883,165
SHAREHOLDERS' FUNDS 2,573,790 1,883,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BOWCROFT COMMERCE LIMITED (REGISTERED NUMBER: 09272537)

BALANCE SHEET - continued
31 MARCH 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





N Sanderson - Director


BOWCROFT COMMERCE LIMITED (REGISTERED NUMBER: 09272537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Bowcroft Commerce 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover derives from the principal activity of the company which is that of property investment. Income from the activity is recognised in the profit and loss account when the company becomes entitled to it.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 25% on cost and 15% on reducing balance

Depreciation is not provided in respect of freehold properties held as investments. This is a departure from the requirements of the companies Act 2006, which requires all properties to be depreciated. The director considers that to depreciate them would not give a true and fair view.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

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

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.

BOWCROFT COMMERCE LIMITED (REGISTERED NUMBER: 09272537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 1,747,449 45,015 1,792,464
DEPRECIATION
At 1 April 2022 - 22,776 22,776
Charge for year - 3,406 3,406
At 31 March 2023 - 26,182 26,182
NET BOOK VALUE
At 31 March 2023 1,747,449 18,833 1,766,282
At 31 March 2022 1,747,449 22,239 1,769,688

5. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Shares in group undertakings 100 100
Other investments not loans 7,460 -
7,560 100

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 100
NET BOOK VALUE
At 31 March 2023 100
At 31 March 2022 100

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Registration plate 7,460 -

BOWCROFT COMMERCE LIMITED (REGISTERED NUMBER: 09272537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Ability Supplies UK Limited
Registered office: 5 Frontier Court Claymere Road, Leechmere Industrial Estate, Sunderland, Tyne And Wear, SR2 9TX
Nature of business: Wholesale of hardware equipment and supplies
%
Class of shares: holding
Ordinary 100.00

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 25
Taxation and social security 20,235 23,408
Other creditors 92,079 79,053
112,314 102,486

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
51 Ordinary A £1 51 51
49 Ordinary B £1 49 49
100 100

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year the directors provided the company with an interest free loan. The balance of the loan at the year end was £91,129 (2022: £77,978).