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REGISTERED NUMBER: 07950125 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

GUSTAFSON PORTER BOWMAN LTD

GUSTAFSON PORTER BOWMAN LTD (REGISTERED NUMBER: 07950125)

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


GUSTAFSON PORTER BOWMAN LTD

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTORS: M Bowman
K Gustafson
S Hartel
D O'Shea
N Porter
E A Carranza Gaete





REGISTERED OFFICE: 1 Cobham Mews
Agar Grove
London
NW1 9SB





REGISTERED NUMBER: 07950125 (England and Wales)





ACCOUNTANTS: BAND Advisory Group Limited
111 Charterhouse Street
London
EC1M 6AW

GUSTAFSON PORTER BOWMAN LTD (REGISTERED NUMBER: 07950125)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 166,162 108,185
Cash at bank 117,053 109,321
283,215 217,506
CREDITORS
Amounts falling due within one year 5 185,983 102,213
NET CURRENT ASSETS 97,232 115,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,232

115,293

CREDITORS
Amounts falling due after more than one
year

6

26,577

45,563
NET ASSETS 70,655 69,730

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 70,555 69,630
70,655 69,730

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.

GUSTAFSON PORTER BOWMAN LTD (REGISTERED NUMBER: 07950125)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by:




M Bowman - Director



N Porter - Director


GUSTAFSON PORTER BOWMAN LTD (REGISTERED NUMBER: 07950125)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023


1. STATUTORY INFORMATION

Gustafson Porter Bowman Ltd 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
Fee income represents revenue earned under a wide variety of contracts to provide landscape architectural services. Revenue is recognised as earned when, and to the extent that, the form obtains the right to consideration in exchange for its performance under these contracts.

Revenue is generally recognised as contract activity progresses so that for incomplete projects it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of then work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct costs.

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.


GUSTAFSON PORTER BOWMAN LTD (REGISTERED NUMBER: 07950125)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


2. 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 144,382 82,889
Amounts recoverable on contract 715 17,918
Other debtors 21,065 7,378
166,162 108,185

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,842 -
Payments on account - 18,906
Trade creditors 10,175 1,262
Taxation and social security 24 (8,949 )
Other creditors 165,942 90,994
185,983 102,213

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 26,577 45,563

GUSTAFSON PORTER BOWMAN LTD (REGISTERED NUMBER: 07950125)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


7. RESERVES
Retained
earnings
£   

At 1 April 2022 69,630
Profit for the year 10,925
Dividends (10,000 )
At 31 March 2023 70,555

8. RELATED PARTY DISCLOSURES

During the year the company was charged £292,154 (2022: £437,713) in respect of staff costs and other direct costs incurred on its behalf by a limited liability partnership, in which the partners are also on the board of this company.

At the year end included within other creditors is a balance of £43,374 (2022: £78,848) owed to the LLP.