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REGISTERED NUMBER: 02663851 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Bowden Tollit & Associates Limited

Bowden Tollit & Associates Limited (Registered number: 02663851)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Bowden Tollit & Associates Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: C D Bowden
C D Tollit





SECRETARY: C D Bowden





REGISTERED OFFICE: 9 Great Chesterford Court
London Road
Great Chesterford
Saffron Walden
Essex
CB10 1PF





REGISTERED NUMBER: 02663851 (England and Wales)





ACCOUNTANTS: Lanham and Company Limited
Chartered Accountants
9 Great Chesterford Court
London Road
Great Chesterford
Essex
CB10 1PF

Bowden Tollit & Associates Limited (Registered number: 02663851)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 374

CURRENT ASSETS
Stocks 37,489 14,171
Debtors 5 318,051 159,515
Cash at bank 1,988,066 2,162,613
2,343,606 2,336,299
CREDITORS
Amounts falling due within one year 6 441,845 620,011
NET CURRENT ASSETS 1,901,761 1,716,288
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,901,761

1,716,662

PROVISIONS FOR LIABILITIES - 71
NET ASSETS 1,901,761 1,716,591

CAPITAL AND RESERVES
Called up share capital 7 24,000 24,000
Retained earnings 1,877,761 1,692,591
SHAREHOLDERS' FUNDS 1,901,761 1,716,591

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2024 and were signed on its behalf by:



C D Bowden - Director


Bowden Tollit & Associates Limited (Registered number: 02663851)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Bowden Tollit & Associates 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 "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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts and is recognised in the period that the work is done.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and estimated selling price less costs to complete and sell.

Costs includes the costs of purchases, costs of conversion and other costs incurred on work that hadn't been invoiced at the period end.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Bowden Tollit & Associates Limited (Registered number: 02663851)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

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

Trade debtors and creditors are classed as basic financial instruments and are initially measured at transaction price.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and short-term deposits with an original maturity date of three months or less.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 48,603
Disposals (47,526 )
At 31 July 2023 1,077
DEPRECIATION
At 1 August 2022 48,229
Charge for year 373
Eliminated on disposal (47,525 )
At 31 July 2023 1,077
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 374

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 316,865 158,707
Other debtors 1,186 808
318,051 159,515

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 96,838 118,770
Taxation and social security 82,964 66,391
Other creditors 262,043 434,850
441,845 620,011

Bowden Tollit & Associates Limited (Registered number: 02663851)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
12,000 Ordinary "A" £1 12,000 12,000
12,000 Ordinary "B" £1 12,000 12,000
24,000 24,000

There are no voting rights in respect of the Ordinary "B" shares issued.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Bowden Tollit & Associates Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bowden Tollit & Associates Limited for the year ended 31 July 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bowden Tollit & Associates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bowden Tollit & Associates Limited and state those matters that we have agreed to state to the Board of Directors of Bowden Tollit & Associates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bowden Tollit & Associates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bowden Tollit & Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bowden Tollit & Associates Limited. You consider that Bowden Tollit & Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bowden Tollit & Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lanham and Company Limited
Chartered Accountants
9 Great Chesterford Court
London Road
Great Chesterford
Essex
CB10 1PF


11 March 2024