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REGISTERED NUMBER: 04475449 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Bowland Bioenergy Limited

Bowland Bioenergy Limited (Registered number: 04475449)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bowland Bioenergy Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M J R Ingoldby
R C Assheton
A L Seed





SECRETARY: M J R Ingoldby





REGISTERED OFFICE: Meadhouse
Chipping
Preston
Lancashire
PR3 2TQ





BUSINESS ADDRESS: Smithfield Farm
Twiston Lane
Downham
Clitheroe
Lancashire
BB7 4DF





REGISTERED NUMBER: 04475449 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Bowland Bioenergy Limited (Registered number: 04475449)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 351,244 371,842
351,244 371,842

CURRENT ASSETS
Stocks 6 170,322 109,133
Debtors 7 53,910 51,486
Cash at bank and in hand 189,707 260,101
413,939 420,720
CREDITORS
Amounts falling due within one year 8 143,506 122,273
NET CURRENT ASSETS 270,433 298,447
TOTAL ASSETS LESS CURRENT
LIABILITIES

621,677

670,289

CREDITORS
Amounts falling due after more than one
year

9

(22,187

)

(33,198

)

PROVISIONS FOR LIABILITIES 10 (48,699 ) (68,532 )
NET ASSETS 550,791 568,559

CAPITAL AND RESERVES
Called up share capital 11 125 125
Retained earnings 550,666 568,434
SHAREHOLDERS' FUNDS 550,791 568,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Bowland Bioenergy Limited (Registered number: 04475449)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:




M J R Ingoldby - Director R C Assheton - Director




A L Seed - Director


Bowland Bioenergy Limited (Registered number: 04475449)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Bowland Bioenergy 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 - at varying rates on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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 Statement of Income and Retained Earnings, 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.

Bowland Bioenergy Limited (Registered number: 04475449)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 April 2023
and 31 March 2024 5,011
AMORTISATION
At 1 April 2023
and 31 March 2024 5,011
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Bowland Bioenergy Limited (Registered number: 04475449)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 146,145 465,966 2,580
Additions - 27,350 -
At 31 March 2024 146,145 493,316 2,580
DEPRECIATION
At 1 April 2023 31,182 247,678 764
Charge for year 2,871 36,848 264
At 31 March 2024 34,053 284,526 1,028
NET BOOK VALUE
At 31 March 2024 112,092 208,790 1,552
At 31 March 2023 114,963 218,288 1,816

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 81,800 3,101 699,592
Additions - 1,834 29,184
At 31 March 2024 81,800 4,935 728,776
DEPRECIATION
At 1 April 2023 45,025 3,101 327,750
Charge for year 9,194 605 49,782
At 31 March 2024 54,219 3,706 377,532
NET BOOK VALUE
At 31 March 2024 27,581 1,229 351,244
At 31 March 2023 36,775 - 371,842

Bowland Bioenergy Limited (Registered number: 04475449)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 103,500
DEPRECIATION
At 1 April 2023 9,056
Charge for year 14,167
At 31 March 2024 23,223
NET BOOK VALUE
At 31 March 2024 80,277
At 31 March 2023 94,444

6. STOCKS
31.3.24 31.3.23
£    £   
Stock 170,322 109,133

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 37,681 40,841
Other debtors 8,454 -
VAT 3,209 -
Prepayments 4,566 10,645
53,910 51,486

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 10,427 25,000
Trade creditors 16,546 16,897
Corporation tax 3,919 3,665
Social security and other taxes 4,869 1,955
VAT - 4,383
Other creditors 60,356 60,138
Accrued expenses 47,389 10,235
143,506 122,273

Bowland Bioenergy Limited (Registered number: 04475449)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 10,427
Deferred government grants 22,187 22,771
22,187 33,198

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 48,699 68,532

Deferred
tax
£   
Balance at 1 April 2023 68,532
Provided during year (19,833 )
Balance at 31 March 2024 48,699

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
25 C Ordinary Non-Voting £1 25 25
125 125