Registered number
11409776
Bowman Holdings Limited
Report and Accounts
31 December 2023
Accountancy 4 Success Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Bowman Holdings Limited
Registered number: 11409776
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 338,443 338,443
Investments 4 57 57
338,500 338,500
Current assets
Debtors 5 33,153 36,946
Cash at bank and in hand 3,746 -
36,899 36,946
Creditors: amounts falling due within one year 6 (292,428) (301,394)
Net current liabilities (255,529) (264,448)
Net assets 82,971 74,052
Capital and reserves
Called up share capital 68 68
Profit and loss account 82,903 73,984
Shareholders' funds 82,971 74,052
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs S Bowman
Director
Approved by the board on 15 January 2024
Bowman Holdings Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Nil
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 338,443
At 31 December 2023 338,443
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 338,443
At 31 December 2022 338,443
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2023 57
At 31 December 2023 57
The company holds 100% of the share capital of Cannock Resprays Limited, a company incorporated in the UK
5 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 33,153 36,946
6 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 1,858 1,751
Other creditors 290,570 299,643
292,428 301,394
7 Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned/connected subsidiaries.
8 Controlling party
The company is controlled by its directors who are the shareholders.
Bowman Holdings Limited 11409776 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts April 2022 Mrs S Bowman No description of principal activity 11409776 2022-01-01 2022-12-31 11409776 core:WithinOneYear 2022-12-31 11409776 core:ShareCapital 2022-12-31 11409776 core:RetainedEarningsAccumulatedLosses 2022-12-31 11409776 2023-01-01 2023-12-31 11409776 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11409776 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11409776 bus:Director40 2023-01-01 2023-12-31 11409776 bus:FRS102 2023-01-01 2023-12-31 11409776 bus:FullAccounts 2023-01-01 2023-12-31 11409776 2023-12-31 11409776 core:WithinOneYear 2023-12-31 11409776 core:ShareCapital 2023-12-31 11409776 core:RetainedEarningsAccumulatedLosses 2023-12-31 11409776 core:LandBuildings 2023-12-31 11409776 2022-12-31 11409776 core:LandBuildings 2022-12-31 iso4217:GBP xbrli:pure