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No description of principal activity
2022-08-01
Sage Accounts Production Advanced 2023 - FRS102_2023
7,402
225
7,627
4,971
867
5,838
1,789
2,431
347,876
50,000
4,448
393,428
393,428
347,876
xbrli:pure
xbrli:shares
iso4217:GBP
06977914
2022-08-01
2023-07-31
06977914
2023-07-31
06977914
2022-07-31
06977914
2021-08-01
2022-07-31
06977914
2022-07-31
06977914
2021-07-31
06977914
core:PlantMachinery
2022-08-01
2023-07-31
06977914
bus:Director1
2022-08-01
2023-07-31
06977914
core:PlantMachinery
2022-07-31
06977914
core:PlantMachinery
2023-07-31
06977914
core:WithinOneYear
2023-07-31
06977914
core:WithinOneYear
2022-07-31
06977914
core:ShareCapital
2023-07-31
06977914
core:ShareCapital
2022-07-31
06977914
core:RetainedEarningsAccumulatedLosses
2023-07-31
06977914
core:RetainedEarningsAccumulatedLosses
2022-07-31
06977914
core:CostValuation
core:Non-currentFinancialInstruments
2022-07-31
06977914
core:AdditionsToInvestments
core:Non-currentFinancialInstruments
2023-07-31
06977914
core:Non-currentFinancialInstruments
core:RevaluationsIncreaseDecreaseInInvestments
2023-07-31
06977914
core:CostValuation
core:Non-currentFinancialInstruments
2023-07-31
06977914
core:Non-currentFinancialInstruments
2023-07-31
06977914
core:Non-currentFinancialInstruments
2022-07-31
06977914
core:PlantMachinery
2022-07-31
06977914
bus:SmallEntities
2022-08-01
2023-07-31
06977914
bus:AuditExempt-NoAccountantsReport
2022-08-01
2023-07-31
06977914
bus:SmallCompaniesRegimeForAccounts
2022-08-01
2023-07-31
06977914
bus:PrivateLimitedCompanyLtd
2022-08-01
2023-07-31
06977914
bus:FullAccounts
2022-08-01
2023-07-31
COMPANY REGISTRATION NUMBER:
06977914
Bowdon Geological Services Limited |
|
Filleted Unaudited Financial Statements |
|
Bowdon Geological Services Limited |
|
31 July 2023
Fixed assets
Tangible assets |
5 |
1,789 |
2,431 |
Investments |
6 |
393,428 |
347,876 |
|
--------- |
--------- |
|
395,217 |
350,307 |
|
|
|
|
Current assets
Cash at bank and in hand |
96,998 |
158,832 |
|
|
|
Creditors: amounts falling due within one year |
7 |
3,247 |
12,045 |
|
-------- |
--------- |
Net current assets |
93,751 |
146,787 |
|
--------- |
--------- |
Total assets less current liabilities |
488,968 |
497,094 |
|
--------- |
--------- |
Net assets |
488,968 |
497,094 |
|
--------- |
--------- |
|
|
|
|
Capital and reserves
Called up share capital |
100 |
100 |
Profit and loss account |
488,868 |
496,994 |
|
--------- |
--------- |
Shareholders funds |
488,968 |
497,094 |
|
--------- |
--------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income (including profit and loss account) has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Bowdon Geological Services Limited |
|
Balance Sheet (continued) |
|
31 July 2023
These financial statements were approved by the
board of directors
and authorised for issue on
21 February 2024
, and are signed on behalf of the board by:
Company registration number:
06977914
Bowdon Geological Services Limited |
|
Notes to the Financial Statements |
|
Year ended 31 July 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Harthill Court, Woodville Road, Altrincham, Cheshire, WA14 2AN.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no material judgements, estimates or assumptions.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery |
- |
25% straight line |
|
|
|
|
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
5.
Tangible assets
|
Plant and machinery |
|
£ |
Cost |
|
At 1 August 2022 |
7,402 |
Additions |
225 |
|
------- |
At 31 July 2023 |
7,627 |
|
------- |
Depreciation |
|
At 1 August 2022 |
4,971 |
Charge for the year |
867 |
|
------- |
At 31 July 2023 |
5,838 |
|
------- |
Carrying amount |
|
At 31 July 2023 |
1,789 |
|
------- |
At 31 July 2022 |
2,431 |
|
------- |
|
|
6.
Investments
|
Other investments other than loans |
|
£ |
Cost |
|
At 1 August 2022 |
347,876 |
Additions |
50,000 |
Revaluations |
(
4,448) |
|
--------- |
At 31 July 2023 |
393,428 |
|
--------- |
Impairment |
|
At 1 August 2022 and 31 July 2023 |
– |
|
--------- |
|
|
Carrying amount |
|
At 31 July 2023 |
393,428 |
|
--------- |
At 31 July 2022 |
347,876 |
|
--------- |
|
|
7.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Corporation tax |
– |
8,583 |
Other creditors |
3,247 |
3,462 |
|
------- |
-------- |
|
3,247 |
12,045 |
|
------- |
-------- |
|
|
|
8.
Financial instruments
The carrying amount for each category of financial instrument is as follows:
Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss |
393,428 |
347,876 |
|
--------- |
--------- |
|
|
|
9.
Director's advances, credits and guarantees
In previous years the director advanced a loan to the company and as at 31 July 2023 £2,417 (2022 £2,417) is owed to him and will be repaid before 31 July 2024.
10.
Reserves
The only movements in equity during the year were in respect of the profit for the year and dividends paid. All of the profit and loss account is distributable