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REGISTERED NUMBER: 09722098 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Bowline Utilities Ltd

Bowline Utilities Ltd (Registered number: 09722098)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Bowline Utilities Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: A J Bowen
Mrs E P Bowen





REGISTERED OFFICE: Unit 3
The Business Quarter
Eco Park Road
Ludlow
Shropshire
SY8 1FD





REGISTERED NUMBER: 09722098 (England and Wales)





ACCOUNTANTS: Thorne Widgery Accountancy Ltd
Chartered Accountants
2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS

Bowline Utilities Ltd (Registered number: 09722098)

Abridged Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 204,423 235,374
Investments 5 400,000 400,000
604,423 635,374

CURRENT ASSETS
Stocks 38,904 41,537
Debtors 17,479 116,836
Cash at bank 231,737 526,957
288,120 685,330
CREDITORS
Amounts falling due within one year (26,318 ) (201,769 )
NET CURRENT ASSETS 261,802 483,561
TOTAL ASSETS LESS CURRENT LIABILITIES 866,225 1,118,935

CREDITORS
Amounts falling due after more than one
year

-

(22,675

)

PROVISIONS FOR LIABILITIES (38,848 ) (47,382 )
NET ASSETS 827,377 1,048,878

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 827,375 1,048,876
827,377 1,048,878

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

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

Bowline Utilities Ltd (Registered number: 09722098)

Abridged Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 February 2024 and were signed on its behalf by:





Mrs E P Bowen - Director


Bowline Utilities Ltd (Registered number: 09722098)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Bowline Utilities Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Bowline Utilities Ltd (Registered number: 09722098)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 604,957
Additions 71,589
Disposals (82,104 )
At 31 August 2023 594,442
DEPRECIATION
At 1 September 2022 369,583
Charge for year 68,381
Eliminated on disposal (47,945 )
At 31 August 2023 390,019
NET BOOK VALUE
At 31 August 2023 204,423
At 31 August 2022 235,374

Bowline Utilities Ltd (Registered number: 09722098)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 September 2022 96,904
Additions 68,019
Disposals (40,154 )
At 31 August 2023 124,769
DEPRECIATION
At 1 September 2022 57,905
Charge for year 22,991
Eliminated on disposal (25,096 )
At 31 August 2023 55,800
NET BOOK VALUE
At 31 August 2023 68,969
At 31 August 2022 38,999

5. FIXED ASSET INVESTMENTS
Information on loans is as follows:
Totals
£   
At 1 September 2022
and 31 August 2023 400,000

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
A J Bowen and Mrs E P Bowen
Balance outstanding at start of year 57,713 -
Amounts advanced 400 59,509
Amounts repaid (51,390 ) (1,796 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,723 57,713