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REGISTERED NUMBER: 00104680 (England and Wales)















Bowers & Barr,limited

Unaudited Financial Statements

For The Year Ended

30th November 2023






Bowers & Barr,limited (Registered number: 00104680)

Contents of the Financial Statements
For The Year Ended 30th November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6

Chartered Accountants' Report 7

Bowers & Barr,limited

Company Information
For The Year Ended 30th November 2023







DIRECTOR: A P Frosdick





REGISTERED OFFICE: 30A Hall Plain
Great Yarmouth
Norfolk
NR30 2QD





REGISTERED NUMBER: 00104680 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Englands Lane Business Centre
47 Englands Lane
Gorleston
Great Yarmouth
Norfolk
NR31 6BE

Bowers & Barr,limited (Registered number: 00104680)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 8,544 11,310

CURRENT ASSETS
Debtors 6 51,950 67,579
Cash at bank and in hand 12,360 11,676
64,310 79,255
CREDITORS
Amounts falling due within one year 7 201,689 308,019
NET CURRENT LIABILITIES (137,379 ) (228,764 )
TOTAL ASSETS LESS CURRENT LIABILITIES (128,835 ) (217,454 )

CREDITORS
Amounts falling due after more than one year 8 128,170 -
NET LIABILITIES (257,005 ) (217,454 )

CAPITAL AND RESERVES
Called up share capital 10 12,000 12,000
Capital redemption reserve 4,000 4,000
Retained earnings (273,005 ) (233,454 )
SHAREHOLDERS' FUNDS (257,005 ) (217,454 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 30th August 2024 and were signed by:





A P Frosdick - Director


Bowers & Barr,limited (Registered number: 00104680)

Notes to the Financial Statements
For The Year Ended 30th November 2023


1. STATUTORY INFORMATION

Bowers & Barr,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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

The company has adopted the provisions of UITF abstract 40 - Revenue recognition and service contracts.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

All fixed assets are initially recorded at cost.

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.

Bowers & Barr,limited (Registered number: 00104680)

Notes to the Financial Statements - continued
For The Year Ended 30th November 2023


3. 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.

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account at a constant rate of charge on the balance of capital repayments outstanding.

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.

Going concern
After careful review of the financial performance in the current year, directors' projections of future periods, contract enquiries and the continued support of the director in respect of loans made to the company, the director is confident the company's outstanding liabilities and future liabilities arising will be met in full.

After due consideration the director believes that the going concern basis is the appropriate method of preparing the financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st December 2022
and 30th November 2023 1,000 3,450 78,621 1,906 84,977
DEPRECIATION
At 1st December 2022 787 1,065 70,657 1,158 73,667
Charge for year 53 441 1,961 311 2,766
At 30th November 2023 840 1,506 72,618 1,469 76,433
NET BOOK VALUE
At 30th November 2023 160 1,944 6,003 437 8,544
At 30th November 2022 213 2,385 7,964 748 11,310

Bowers & Barr,limited (Registered number: 00104680)

Notes to the Financial Statements - continued
For The Year Ended 30th November 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st December 2022 11,995
Transfer to ownership (11,995 )
At 30th November 2023 -
DEPRECIATION
At 1st December 2022 7,716
Transfer to ownership (7,716 )
At 30th November 2023 -
NET BOOK VALUE
At 30th November 2023 -
At 30th November 2022 4,279

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 46,395 61,048
Other debtors 5,555 6,531
51,950 67,579

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 1,250
Trade creditors 54,836 78,013
Taxation and social security 87,831 58,314
Other creditors 59,022 170,442
201,689 308,019

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 128,170 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 1,250

The hire purchase liability is personally guaranteed by the director.

Bowers & Barr,limited (Registered number: 00104680)

Notes to the Financial Statements - continued
For The Year Ended 30th November 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
12,000 Ordinary £1 12,000 12,000

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Bowers & Barr,limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bowers & Barr,limited for the year ended 30th November 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Bowers & Barr,limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bowers & Barr,limited and state those matters that we have agreed to state to the director of Bowers & Barr,limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bowers & Barr,limited and its director for our work or for this report.

It is your duty to ensure that Bowers & Barr,limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Bowers & Barr,limited. You consider that Bowers & Barr,limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bowers & Barr,limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
Englands Lane Business Centre
47 Englands Lane
Gorleston
Great Yarmouth
Norfolk
NR31 6BE


30th August 2024