Company Registration No. 04134290 (England and Wales)
Bowyer Pounds & Co Ltd
Unaudited accounts
for the year ended 31 May 2023
Bowyer Pounds & Co Ltd
Unaudited accounts
Contents
Bowyer Pounds & Co Ltd
Company Information
for the year ended 31 May 2023
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 2023
Tangible assets
12,681
8,900
Cash at bank and in hand
36,469
11,673
Creditors: amounts falling due within one year
(109,707)
(49,820)
Net current liabilities
(44,972)
(8,775)
Net (liabilities)/assets
(32,291)
125
Called up share capital
125
125
Profit and loss account
(32,416)
-
Shareholders' funds
(32,291)
125
For the year ending 31 May 2023 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 director acknowledges his 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 and authorised for issue on 19 February 2024 and were signed on its behalf by
S Lindley
Director
Company Registration No. 04134290
Bowyer Pounds & Co Ltd
Notes to the Accounts
for the year ended 31 May 2023
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 year, 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
15% reducing balance basis
Fixtures & fittings
15% reducing balance basis
Computer equipment
20% straight line basis
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 year ended 31 May 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
47,694
-
-
47,694
Additions
611
1,092
14,042
15,745
Disposals
(47,694)
-
-
(47,694)
At 31 May 2023
611
1,092
14,042
15,745
At 1 June 2022
38,794
-
-
38,794
Charge for the year
93
163
2,809
3,065
On disposals
(38,795)
-
-
(38,795)
At 31 May 2023
92
163
2,809
3,064
At 31 May 2023
519
929
11,233
12,681
At 31 May 2022
8,900
-
-
8,900
Amounts falling due within one year
Trade debtors
28,266
19,689
Accrued income and prepayments
-
770
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
2,033
-
Trade creditors
(910)
6,879
Taxes and social security
42,249
26,314
Loans from directors
14,714
16,367
7
Average number of employees
During the year the average number of employees was 8 (2022: 4).