1 false false false false false false false false false false true false false false false false false 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
31 July 2023
Bowdon Geological Services Limited
Balance Sheet
31 July 2023
2023
2022
Note
£
£
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:
Mr A P Williams
Director
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:
2023
2022
£
£
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