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REGISTERED NUMBER: 11534748 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Bowness Electrical Ltd

Bowness Electrical Ltd (Registered number: 11534748)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bowness Electrical Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTORS: G L Bowness
Mrs A J Bowness
T I Bowness





REGISTERED OFFICE: 4 Old School Lane
Bottesford
Scunthorpe
North Lincolnshire
DN16 3RD





REGISTERED NUMBER: 11534748 (England and Wales)





ACCOUNTANTS: D I Accountants Ltd
Pattern Store 1A
Station Approach
Gainsborough
Lincolnshire
DN21 2AU

Bowness Electrical Ltd (Registered number: 11534748)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 12,000
Tangible assets 5 28,357 12,630
38,357 24,630

CURRENT ASSETS
Debtors 6 71,706 17,753
Cash at bank and in hand 77,890 33,466
149,596 51,219
CREDITORS
Amounts falling due within one year 7 140,350 57,701
NET CURRENT ASSETS/(LIABILITIES) 9,246 (6,482 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,603

18,148

PROVISIONS FOR LIABILITIES 5,388 2,400
NET ASSETS 42,215 15,748

CAPITAL AND RESERVES
Called up share capital 8 60 60
Retained earnings 9 42,155 15,688
SHAREHOLDERS' FUNDS 42,215 15,748

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

Bowness Electrical Ltd (Registered number: 11534748)

Balance Sheet - continued
30 September 2023



The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2024 and were signed on its behalf by:




Mrs A J Bowness - Director



G L Bowness - Director


Bowness Electrical Ltd (Registered number: 11534748)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Bowness Electrical 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Bowness Electrical Ltd (Registered number: 11534748)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 20,000
AMORTISATION
At 1 October 2022 8,000
Amortisation for year 2,000
At 30 September 2023 10,000
NET BOOK VALUE
At 30 September 2023 10,000
At 30 September 2022 12,000

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2022 10,768 14,634 25,402
Additions 4,762 13,650 18,412
At 30 September 2023 15,530 28,284 43,814
DEPRECIATION
At 1 October 2022 2,838 9,934 12,772
Charge for year 1,462 1,223 2,685
At 30 September 2023 4,300 11,157 15,457
NET BOOK VALUE
At 30 September 2023 11,230 17,127 28,357
At 30 September 2022 7,930 4,700 12,630

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 68,378 15,507
Prepayments 3,328 2,246
71,706 17,753

Bowness Electrical Ltd (Registered number: 11534748)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 29,667 5,338
Tax 19,039 9,271
Social security and other taxes 1,550 1,261
VAT 33,984 11,979
Other creditors 15,364 15,348
Directors' current accounts 28,345 363
Loans to participators 10,251 12,011
Accrued expenses 2,150 2,130
140,350 57,701

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
10 Ordinary A £1 10 10
10 Ordinary B £1 10 10
10 Ordinary C £1 10 10
30 30

9. RESERVES
Retained
earnings
£   

At 1 October 2022 15,688
Profit for the year 84,240
Dividends (57,773 )
At 30 September 2023 42,155

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £44,600 (2022 - £19,000) were paid to the directors .

11. ULTIMATE CONTROLLING PARTY

The controlling party is G L Bowness.