REGISTERED NUMBER: |
BOWMAN REBECCHI LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 |
REGISTERED NUMBER: |
BOWMAN REBECCHI LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 |
BOWMAN REBECCHI LIMITED (REGISTERED NUMBER: SC645639) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 October 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BOWMAN REBECCHI LIMITED |
COMPANY INFORMATION |
For The Year Ended 31 October 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
16 Royal Crescent |
Glasgow |
G3 7SL |
BOWMAN REBECCHI LIMITED (REGISTERED NUMBER: SC645639) |
BALANCE SHEET |
31 October 2023 |
31.10.23 | 31.10.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
BOWMAN REBECCHI LIMITED (REGISTERED NUMBER: SC645639) |
BALANCE SHEET - continued |
31 October 2023 |
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 |
BOWMAN REBECCHI LIMITED (REGISTERED NUMBER: SC645639) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 October 2023 |
1. | STATUTORY INFORMATION |
Bowman Rebecchi Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Bowman Rebecchi Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Turnover |
Tangible fixed assets |
Plant and machinery etc | - |
Government grants |
Government grants in respect of revenue expenditure are credited to the profit and loss account in the period to which they relate. Government grants in respect of capital expenditure are treated as deferred income and credited to the profit and loss account over the estimated useful life of the assets to which they relate. |
Financial instruments |
Basic financial instruments, including trade and other payables, bank loans and other loans that are classified as debt, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method. |
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. |
BOWMAN REBECCHI LIMITED (REGISTERED NUMBER: SC645639) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 October 2023 |
2. | ACCOUNTING POLICIES - continued |
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. |
Fixed asset investments |
Fixed asset investments are stated at cost and reviewed for impairment as required. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 November 2022 |
Additions |
Disposals | ( |
) |
At 31 October 2023 |
DEPRECIATION |
At 1 November 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 October 2022 |
5. | FIXED ASSET INVESTMENTS |
Group |
companies |
£ |
COST |
At 1 November 2022 |
and 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 October 2022 |
BOWMAN REBECCHI LIMITED (REGISTERED NUMBER: SC645639) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 October 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.23 | 31.10.22 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Tax recoverable |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.23 | 31.10.22 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Directors' loan accounts | 31,913 | 34,106 |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.10.23 | 31.10.22 |
£ | £ |
Bank loans |
Hire purchase contracts |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.10.23 | 31.10.22 |
£ | £ |
Bank loans |
Hire purchase contracts | 29,386 | - |
The company has provided a floating charge over the company's assets to the company's bankers. |
The company's directors have provided personal guarantees for all obligations of a lease entered in to by the company. |
Hire purchase creditors have security over related assets. |
10. | OTHER FINANCIAL COMMITMENTS |
At 31 October 2023 the company was committed to making total payments under non-cancellable operating leases of £10,182 (2022, £10,080). |
BOWMAN REBECCHI LIMITED (REGISTERED NUMBER: SC645639) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 October 2023 |
11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
At 31 October 2022 the company had provided one of its directors with interest free loans totalling £3,242 which were included in other debtors. There were no fixed repayment terms for these loans. |
12. | RELATED PARTY DISCLOSURES |
At 31 October 2023 both of the company's directors had provided interest free loans to the company of £31,913. There are no fixed repayment terms for these loans. |
At 31 October 2022 one of the company's directors had provided interest free loans to the company of £34,106. There were no fixed repayment terms for these loans. |