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Company Registration No. 12373964 (England and Wales)
Bowen Dental Engineering Ltd Unaudited accounts for the year ended 31 December 2023
Bowen Dental Engineering Ltd Unaudited accounts Contents
Page
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Bowen Dental Engineering Ltd Company Information for the year ended 31 December 2023
Director
Anthony Bowen
Company Number
12373964 (England and Wales)
Registered Office
71 Caernarvon Way Cardiff CF3 1RW
Accountants
Nathan Evans Limited 16 Cambrian Way Marshfield Cardiff CF3 2WB
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Bowen Dental Engineering Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bowen Dental Engineering Ltd for the year ended 31 December 2023 as set out on pages 5 - 7 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 at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Nathan Evans Limited Chartered Accountants 16 Cambrian Way Marshfield Cardiff CF3 2WB 19 March 2024
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Bowen Dental Engineering Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,593 
3,081 
Current assets
Inventories
84,697 
62,635 
Debtors
43,813 
35,313 
Cash at bank and in hand
85,128 
95,509 
213,638 
193,457 
Creditors: amounts falling due within one year
(51,183)
(122,324)
Net current assets
162,455 
71,133 
Net assets
165,048 
74,214 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
165,038 
74,204 
Shareholders' funds
165,048 
74,214 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 March 2024 and were signed on its behalf by
Anthony Bowen Director Company Registration No. 12373964
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Bowen Dental Engineering Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Bowen Dental Engineering Ltd is a private company, limited by shares, registered in England and Wales, registration number 12373964. The registered office is 71 Caernarvon Way, Cardiff, CF3 1RW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Fixtures & fittings
50% straight line
Computer equipment
50% straight line
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
2,750 
- 
611 
3,361 
Additions
- 
110 
353 
463 
At 31 December 2023
2,750 
110 
964 
3,824 
Depreciation
At 1 January 2023
138 
- 
142 
280 
Charge for the year
550 
14 
387 
951 
At 31 December 2023
688 
14 
529 
1,231 
Net book value
At 31 December 2023
2,062 
96 
435 
2,593 
At 31 December 2022
2,612 
- 
469 
3,081 
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Bowen Dental Engineering Ltd Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
43,813 
35,313 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
776 
Taxes and social security
40,026 
26,950 
Other creditors
204 
1,143 
Loans from directors
9,633 
92,255 
Accruals
1,320 
1,200 
51,183 
122,324 
7
Controlling party
The company was under the control of Mr Bowen for the current and prior period. Mr Bowen owns 100% of the ordinary share capital. Mr Bowen received dividends of £1,000 during the year (2022: £2,000)
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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