Registered number
08763465
Bowler James + Brindley Limited
Unaudited Filleted Accounts
30 November 2023
Bowler James + Brindley Limited
Registered number: 08763465
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 113,938 54,203
Current assets
Debtors 4 420,699 505,025
Cash at bank and in hand 844,437 1,284,151
1,265,136 1,789,176
Creditors: amounts falling due within one year 5 (628,285) (929,823)
Net current assets 636,851 859,353
Total assets less current liabilities 750,789 913,556
Creditors: amounts falling due after more than one year 6 - (21,301)
Provisions for liabilities (779) (10,321)
Net assets 750,010 881,934
Capital and reserves
Called up share capital 300 300
Profit and loss account 749,710 881,634
Shareholders' funds 750,010 881,934
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S A Crawley
Director
Approved by the board on 29 August 2024
Bowler James + Brindley Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and equipment over 3 and 5 years
Motor vehicles over 6.67 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 15 15
3 Tangible fixed assets
Fixtures and equipment etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 123,996 32,300 156,296
Additions 7,081 105,812 112,893
Disposals - (32,300) (32,300)
At 30 November 2023 131,077 105,812 236,889
Depreciation
At 1 December 2022 95,633 6,460 102,093
Charge for the year 11,502 19,585 31,087
On disposals - (10,229) (10,229)
At 30 November 2023 107,135 15,816 122,951
Net book value
At 30 November 2023 23,942 89,996 113,938
At 30 November 2022 28,363 25,840 54,203
4 Debtors 2023 2022
£ £
Trade debtors 313,080 413,942
Other debtors 107,619 91,083
420,699 505,025
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 88,125 3,307
Trade creditors 58,616 206,345
Taxation and social security costs 288,271 408,375
Other creditors 193,273 311,796
628,285 929,823
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts - 21,301
7 Loans 2023 2022
£ £
Creditors include:
Secured hire purchase creditor 88,125 24,608
The hire purchase liability is secured on the fixed asset to which it relates.
8 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 20,160 6,105
9 Other information
Bowler James + Brindley Limited is a private company limited by shares and incorporated in England. Its registered office is:
21 Narborough Road
Cosby
Leicester
LE9 1TA
Trading office:
Brock House
19 Langham Street
London
W1W 6BP
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