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REGISTERED NUMBER: 00674029 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

R.E. BOWERS & FREEMAN LIMITED

R.E. BOWERS & FREEMAN LIMITED (REGISTERED NUMBER: 00674029)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R.E. BOWERS & FREEMAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr JG Bowers
Mrs YL Copson





SECRETARY: Mrs YL Copson





REGISTERED OFFICE: 15 Saffron Road
South Wigston
Leicester
Leicestershire
LE18 4TG





REGISTERED NUMBER: 00674029 (England and Wales)

R.E. BOWERS & FREEMAN LIMITED (REGISTERED NUMBER: 00674029)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,082 90,954

CURRENT ASSETS
Stocks 199,521 158,329
Debtors 5 516,492 455,587
Cash at bank and in hand 16,587 13,245
732,600 627,161
CREDITORS
Amounts falling due within one year 6 290,539 165,251
NET CURRENT ASSETS 442,061 461,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

516,143

552,864

CREDITORS
Amounts falling due after more than one
year

7

(20,615

)

(35,840

)

PROVISIONS FOR LIABILITIES (10,462 ) (13,007 )
NET ASSETS 485,066 504,017

CAPITAL AND RESERVES
Called up share capital 500,262 500,262
Retained earnings (15,196 ) 3,755
SHAREHOLDERS' FUNDS 485,066 504,017

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

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

R.E. BOWERS & FREEMAN LIMITED (REGISTERED NUMBER: 00674029)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





Mr JG Bowers - Director


R.E. BOWERS & FREEMAN LIMITED (REGISTERED NUMBER: 00674029)

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


1. STATUTORY INFORMATION

R.E. Bowers & Freeman 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.

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.

Turnover
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% straight line
Fixtures and fittings - at varying rates on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

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.

R.E. BOWERS & FREEMAN LIMITED (REGISTERED NUMBER: 00674029)

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


2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Grants
Government grants are recorded in the profit and loss account in the same period as the relevant expenditure.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 20 ) .

R.E. BOWERS & FREEMAN LIMITED (REGISTERED NUMBER: 00674029)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 778,950 150,524 34,030 3,149 966,653
Additions - - - 799 799
Disposals - - - (616 ) (616 )
At 31 December 2023 778,950 150,524 34,030 3,332 966,836
DEPRECIATION
At 1 January 2023 712,917 150,524 9,570 2,688 875,699
Charge for year 11,023 - 6,120 475 17,618
Eliminated on disposal - - - (563 ) (563 )
At 31 December 2023 723,940 150,524 15,690 2,600 892,754
NET BOOK VALUE
At 31 December 2023 55,010 - 18,340 732 74,082
At 31 December 2022 66,033 - 24,460 461 90,954

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 56,782 34,030 90,812
DEPRECIATION
At 1 January 2023 56,782 11,259 68,041
Charge for year - 6,120 6,120
At 31 December 2023 56,782 17,379 74,161
NET BOOK VALUE
At 31 December 2023 - 16,651 16,651
At 31 December 2022 - 22,771 22,771

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 245,539 198,022
Amounts owed by group undertakings 129,505 129,494
Other debtors 141,448 128,071
516,492 455,587

R.E. BOWERS & FREEMAN LIMITED (REGISTERED NUMBER: 00674029)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,225 4,716
Trade creditors 54,153 19,376
Taxation and social security 36,396 42,558
Other creditors 184,765 88,601
290,539 165,251

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,833 25,833
Hire purchase contracts 4,782 10,007
20,615 35,840

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mr JG Bowers
Balance outstanding at start of year (2,112 ) 14,866
Amounts advanced 46,375 33,972
Amounts repaid (13,782 ) (50,950 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,481 (2,112 )