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REGISTERED NUMBER: 12110386 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2023

for

BOW COMMON LANE LTD

BOW COMMON LANE LTD (REGISTERED NUMBER: 12110386)

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


BOW COMMON LANE LTD

Company Information
for the year ended 31 July 2023







Director: M D Smith





Secretary: M D Smith





Registered office: Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE





Registered number: 12110386 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

BOW COMMON LANE LTD (REGISTERED NUMBER: 12110386)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
Current assets
Debtors 4 214,066 162,996
Cash at bank 5 1,413 1,814
215,479 164,810
Creditors
Amounts falling due within one year 6 209,014 141,541
Net current assets 6,465 23,269
Total assets less current liabilities 6,465 23,269

Creditors
Amounts falling due after more than one
year

7

20,000

29,112
Net liabilities (13,535 ) (5,843 )

Capital and reserves
Called up share capital 9 1 1
Retained earnings (13,536 ) (5,844 )
Shareholders' funds (13,535 ) (5,843 )

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 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.

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 14 March 2024 and were signed by:





M D Smith - Director


BOW COMMON LANE LTD (REGISTERED NUMBER: 12110386)

Notes to the Financial Statements
for the year ended 31 July 2023


1. Statutory information

Bow Common Lane Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Going concern
The director has reviewed the company's cashflows over the next 12 months and consider the business to be a going concern. The director will continue to support the company as required along with steps being taken by management to ensure that all financial commitments can be met when they fall due.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

BOW COMMON LANE LTD (REGISTERED NUMBER: 12110386)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


4. Debtors: amounts falling due within one year
2023 2022
£    £   
Amounts owed by associates 214,065 162,795
Other debtors 1 201
214,066 162,996

5. Cash at bank
2023 2022
£    £   
Cash at Bank and in hand 1,413 1,814

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,888
Trade creditors - 1,200
Amounts owed to associates 197,196 126,215
Other creditors 1,818 3,238
209,014 141,541

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans (see note 8) 20,000 29,112

8. Loans

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,888

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 10,000 19,112

The Bank loan is guaranteed by the UK Government as part of the Bounce Back Loan Scheme (BBLS).

9. Called up share capital

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

BOW COMMON LANE LTD (REGISTERED NUMBER: 12110386)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


10. Related party disclosures

As at 31 July 2023, a total amount of £214,065 (2022: £162,795) is due from companies related by virtue of common ownership.

As at 31 July 2023, a total amount of £197,196 (2022: £126,215) is due to companies related by virtue of common ownership. All the companies are connected by virtue of having M Smith as a common director.

11. Controlling party

The company is under the control of Michael Smith by virtue of his 100% shareholding