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REGISTERED NUMBER: 01353985 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GEOFF BOWER LIMITED

GEOFF BOWER LIMITED (REGISTERED NUMBER: 01353985)






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


GEOFF BOWER LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: G T Bower
Mrs S P Bower
C H Bower





SECRETARY: Mrs R J Bower





REGISTERED OFFICE: 52A Westgate
Southwell
Nottinghamshire
NG25 0JX





REGISTERED NUMBER: 01353985 (England and Wales)





ACCOUNTANTS: Beeley Hawley & Co Ltd
Chartered Accountants & Business Advisers
52A Westgate
Southwell
Nottinghamshire
NG25 0JX

GEOFF BOWER LIMITED (REGISTERED NUMBER: 01353985)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,716,429 1,848,422

CURRENT ASSETS
Stocks 139,200 164,400
Debtors 5 15,491 38,517
Cash at bank and in hand 12,412 158
167,103 203,075
CREDITORS
Amounts falling due within one year 6 501,163 650,155
NET CURRENT LIABILITIES (334,060 ) (447,080 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,382,369

1,401,342

PROVISIONS FOR LIABILITIES 64,164 89,333
NET ASSETS 1,318,205 1,312,009

CAPITAL AND RESERVES
Called up share capital 4,505 4,505
Retained earnings 1,313,700 1,307,504
SHAREHOLDERS' FUNDS 1,318,205 1,312,009

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.

GEOFF BOWER LIMITED (REGISTERED NUMBER: 01353985)

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 19 August 2024 and were signed on its behalf by:




G T Bower - Director Mrs S P Bower - Director




C H Bower - Director


GEOFF BOWER LIMITED (REGISTERED NUMBER: 01353985)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Geoff Bower 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

GEOFF BOWER LIMITED (REGISTERED NUMBER: 01353985)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,370,527 1,640,510 3,011,037
Additions - 21,435 21,435
At 31 December 2023 1,370,527 1,661,945 3,032,472
DEPRECIATION
At 1 January 2023 - 1,162,615 1,162,615
Charge for year - 153,428 153,428
At 31 December 2023 - 1,316,043 1,316,043
NET BOOK VALUE
At 31 December 2023 1,370,527 345,902 1,716,429
At 31 December 2022 1,370,527 477,895 1,848,422

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,575 11,527
Other debtors 7,916 26,990
15,491 38,517

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 174,914
Trade creditors 49,869 161,965
Taxation and social security 72,563 11,812
Other creditors 378,731 301,464
501,163 650,155

7. SECURED DEBTS

The bank overdraft is secured by a charge over a part of the company's freehold land and assets and is repayable on demand.