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Registration number: 01225316


Geoff Bowker Limited

Directors' Report and Unaudited Financial Statements

for the Year Ended 30 April 2023

 

Geoff Bowker Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 7

 

Geoff Bowker Limited

Company Information

Director

Mr G Bowker

Registered office

192 Armshead Road
Werrington
Stoke on Trent
Staffordshire
ST9 0EL

Accountants

Howsons
Chartered Accountants
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

 

Geoff Bowker Limited

(Registration number: 01225316)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

14,263

22,458

Current assets

 

Stocks

5

290,114

219,973

Debtors

6

220,390

419,064

Cash at bank and in hand

 

217,084

250,851

 

727,588

889,888

Creditors: Amounts falling due within one year

7

(36,326)

(28,128)

Net current assets

 

691,262

861,760

Net assets

 

705,525

884,218

Capital and reserves

 

Called up share capital

72

72

Capital redemption reserve

28

28

Retained earnings

705,425

884,118

Shareholders' funds

 

705,525

884,218

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of Financial Reporting Standard 102 (FRS 102) Section 1A - small entities.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 April 2024
 

 

Geoff Bowker Limited

(Registration number: 01225316)
Balance Sheet as at 30 April 2023

.........................................
Mr G Bowker
Director

   
     
 

Geoff Bowker Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
192 Armshead Road
Werrington
Stoke on Trent
Staffordshire
ST9 0EL

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Geoff Bowker Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% Reducing Balance

Plant and machinery

25% Reducing Balance

Fixtures. fittings and equipment

25% Reducing Balance

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Geoff Bowker Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 May 2022

385

32,284

3,565

36,234

Disposals

-

(5,500)

-

(5,500)

At 30 April 2023

385

26,784

3,565

30,734

Depreciation

At 1 May 2022

368

10,515

2,893

13,776

Charge for the year

4

6,075

168

6,247

Eliminated on disposal

-

(3,552)

-

(3,552)

At 30 April 2023

372

13,038

3,061

16,471

Carrying amount

At 30 April 2023

13

13,746

504

14,263

At 30 April 2022

17

21,769

672

22,458

5

Stocks

2023
£

2022
£

Work in progress

290,114

219,973

6

Debtors

2023
£

2022
£

Trade debtors

13,800

18,472

Amounts owed by related parties

200,755

369,725

Prepayments

2,956

3,285

Other debtors

2,879

27,582

 

220,390

419,064

 

Geoff Bowker Limited

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

7

Creditors

2023
£

2022
£

Due within one year

Trade creditors

29

21,903

Taxation and social security

9,329

-

Other creditors

(6,500)

3,200

Director's loan account

33,468

3,025

36,326

28,128