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REGISTERED NUMBER: 02603923 (England and Wales)















G A BOWER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023






G A BOWER LIMITED (REGISTERED NUMBER: 02603923)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G A BOWER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: G A Bower





SECRETARY: Mrs J E Bower





REGISTERED OFFICE: Hatherton Hall Farm
Hatherton
Cannock
Staffordshire
WS11 1RP





REGISTERED NUMBER: 02603923 (England and Wales)

G A BOWER LIMITED (REGISTERED NUMBER: 02603923)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 424,720 362,646
424,720 362,646

CURRENT ASSETS
Stocks 66,077 58,098
Debtors 6 129,245 129,184
Investments 7 - 192,572
Cash at bank and in hand 220,926 229,334
416,248 609,188
CREDITORS
Amounts falling due within one year 8 (149,283 ) (82,682 )
NET CURRENT ASSETS 266,965 526,506
TOTAL ASSETS LESS CURRENT LIABILITIES 691,685 889,152

PROVISIONS FOR LIABILITIES (5,295 ) (38,177 )
NET ASSETS 686,390 850,975

CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium 235,871 235,871
Fair value reserve 10 - 78,478
Retained earnings 450,419 536,526
SHAREHOLDERS' FUNDS 686,390 850,975

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

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

The director acknowledges his 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.

G A BOWER LIMITED (REGISTERED NUMBER: 02603923)

BALANCE SHEET - continued
31 MAY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 February 2024 and were signed by:





G A Bower - Director


G A BOWER LIMITED (REGISTERED NUMBER: 02603923)

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


1. STATUTORY INFORMATION

G A Bower 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of beef and produce is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on the dispatch of produce and beef.

Rental Income
Rental income from operating leases is recognised on a straight line basis over the lease term.

Intangible assets - other
Intangible assets acquired separately from a business are capitalised at cost. Intangible assets acquired on business combinations are capitalised separately from goodwill if the fair value can be measured reliably on initial recognition.

Intangible assets are amortised on a straight line basis over their useful lives. The useful lives of intangible assets are as follows:
Basic Payment Scheme entitlements - 6 years

Provision is made for any impairment.

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 - 2% on cost
Plant and machinery - 10% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

G A BOWER LIMITED (REGISTERED NUMBER: 02603923)

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


2. ACCOUNTING POLICIES - continued

Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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 currency
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction. Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

Leases
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Investment in bonds and investment funds
Current asset investments are valued at fair value.

Operating leases
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

G A BOWER LIMITED (REGISTERED NUMBER: 02603923)

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


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2022
and 31 May 2023 51,693
AMORTISATION
At 1 June 2022
and 31 May 2023 51,693
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 June 2022 291,812 542,672 38,211 872,695
Additions 15,665 24,050 72,400 112,115
Disposals - (22,900 ) - (22,900 )
At 31 May 2023 307,477 543,822 110,611 961,910
DEPRECIATION
At 1 June 2022 55,921 436,215 17,913 510,049
Charge for year 2,876 22,040 23,175 48,091
Eliminated on disposal - (20,950 ) - (20,950 )
At 31 May 2023 58,797 437,305 41,088 537,190
NET BOOK VALUE
At 31 May 2023 248,680 106,517 69,523 424,720
At 31 May 2022 235,891 106,457 20,298 362,646

G A BOWER LIMITED (REGISTERED NUMBER: 02603923)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 11,517
Other debtors 613 613
Tax 9,230 4,646
VAT 14,409 19,657
Prepayments 104,993 92,751
129,245 129,184

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Investment in bonds and
investment funds - 192,572
- 192,572

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 83,570 24,243
Tax - 4,584
Social security and other taxes 868 708
Directors' current accounts 5,074 931
Accrued expenses 59,771 52,216
149,283 82,682

9. CALLED UP SHARE CAPITAL

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

10. RESERVES
Fair
value
reserve
£   
At 1 June 2022 78,478
Revaluation gain realised (64,384 )
Def tax movement on realised gain (14,094 )

At 31 May 2023 -

G A BOWER LIMITED (REGISTERED NUMBER: 02603923)

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


11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
G A Bower
Balance outstanding at start of year - 1,979
Amounts advanced - 9,886
Amounts repaid - (11,865 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan is provided interest free and is repayable on demand.