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REGISTERED NUMBER: SC645639 (Scotland)















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: A R Bowman
M G Rebecchi





REGISTERED OFFICE: Suite 2 32-36 Kempock Street
Gourock
Inverclyde
PA19 1NA





REGISTERED NUMBER: SC645639 (Scotland)





ACCOUNTANTS: Benham Conway & Co
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 40,417 2,385
Investments 5 67 67
40,484 2,452

CURRENT ASSETS
Debtors 6 173,373 170,267
Cash at bank 1,210 3,940
174,583 174,207
CREDITORS
Amounts falling due within one year 7 119,937 110,338
NET CURRENT ASSETS 54,646 63,869
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,130

66,321

CREDITORS
Amounts falling due after more than one
year

8

(64,301

)

(55,197

)

PROVISIONS FOR LIABILITIES (7,679 ) -

ACCRUALS AND DEFERRED INCOME (52 ) (102 )
NET ASSETS 23,098 11,022

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 23,096 11,020
SHAREHOLDERS' FUNDS 23,098 11,022

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

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

BOWMAN REBECCHI LIMITED (REGISTERED NUMBER: SC645639)

BALANCE SHEET - continued
31 October 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 30 July 2024 and were signed on its behalf by:





A R Bowman - Director


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 private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

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
Turnover represents the value of services provided in the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 50% on cost, 33% on cost, 25% on cost, 20% on cost, 15% on cost and 10% on cost

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 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 5,547
Additions 41,090
Disposals (195 )
At 31 October 2023 46,442
DEPRECIATION
At 1 November 2022 3,162
Charge for year 2,961
Eliminated on disposal (98 )
At 31 October 2023 6,025
NET BOOK VALUE
At 31 October 2023 40,417
At 31 October 2022 2,385

5. FIXED ASSET INVESTMENTS
Group
companies
£   
COST
At 1 November 2022
and 31 October 2023 67
NET BOOK VALUE
At 31 October 2023 67
At 31 October 2022 67

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 52,968 18,985
Amounts owed by group undertakings 117,314 147,331
Other debtors 1,572 3,840
Tax recoverable 1,519 111
173,373 170,267

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 16,699 13,808
Hire purchase contracts 5,224 -
Directors' loan accounts 31,913 34,106
Amounts owed to group undertakings 2 2
Taxation and social security 20,319 13,352
Other creditors 45,780 49,070
119,937 110,338

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 40,139 55,197
Hire purchase contracts 24,162 -
64,301 55,197

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 55,197 69,000
Hire purchase contracts 29,386 -
84,583 69,000

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.