Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true72023-01-01falseProviding archery facilities8trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07108557 2023-01-01 2023-12-31 07108557 2022-01-01 2022-12-31 07108557 2023-12-31 07108557 2022-12-31 07108557 c:Director4 2023-01-01 2023-12-31 07108557 d:Buildings 2023-01-01 2023-12-31 07108557 d:Buildings 2023-12-31 07108557 d:Buildings 2022-12-31 07108557 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07108557 d:LandBuildings 2023-12-31 07108557 d:LandBuildings 2022-12-31 07108557 d:PlantMachinery 2023-01-01 2023-12-31 07108557 d:PlantMachinery 2023-12-31 07108557 d:PlantMachinery 2022-12-31 07108557 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07108557 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07108557 d:CurrentFinancialInstruments 2023-12-31 07108557 d:CurrentFinancialInstruments 2022-12-31 07108557 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07108557 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07108557 d:OtherMiscellaneousReserve 2023-01-01 2023-12-31 07108557 d:OtherMiscellaneousReserve 2023-12-31 07108557 d:OtherMiscellaneousReserve 2022-12-31 07108557 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 07108557 d:RetainedEarningsAccumulatedLosses 2023-12-31 07108557 d:RetainedEarningsAccumulatedLosses 2022-12-31 07108557 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 07108557 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 07108557 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 07108557 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 07108557 c:FRS102 2023-01-01 2023-12-31 07108557 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07108557 c:FullAccounts 2023-01-01 2023-12-31 07108557 c:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 07108557 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07108557










BOWBROOK ARCHERS LIMITED
(A company limited by guarantee)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BOWBROOK ARCHERS LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 07108557

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
100,351
100,999

  
100,351
100,999

Current assets
  

Cash at bank and in hand
 5 
34,241
20,684

  
34,241
20,684

Creditors: amounts falling due within one year
 6 
(769)
(260)

Net current assets
  
 
 
33,472
 
 
20,424

Total assets less current liabilities
  
133,823
121,423

Provisions for liabilities
  

Deferred tax
  
(204)
(245)

  
 
 
(204)
 
 
(245)

Net assets
  
133,619
121,178


Capital and reserves
  

Other reserves
 9 
36,897
36,897

Profit and loss account
 9 
96,722
84,281

  
133,619
121,178


Page 1

 
BOWBROOK ARCHERS LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 07108557
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 September 2024.




Mrs J Rawlings
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
BOWBROOK ARCHERS LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Bowbrook Archers Limited is a private company, limited by guarantee, incorporated in England and Wales.  The  registered address is  Hollowdene, Nr Withington, Shrewsbury, Shropshire.  SY4 4PS, the company number is 07108557.  The principal activity of the company is to provide archery facilities.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the Directors have reasonable expectation that the company has adequate reserves to continue to trade for the forseeable future and therefore continue to adopt the going concern basis in preparing the accounts.

Page 3

 
BOWBROOK ARCHERS LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
BOWBROOK ARCHERS LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
not depreciated
Plant and machinery
-
10%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
BOWBROOK ARCHERS LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 7 (2022 - 8).

Page 6

 
BOWBROOK ARCHERS LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Freehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 January 2023
97,321
6,482
103,803



At 31 December 2023

97,321
6,482
103,803



Depreciation


At 1 January 2023
-
2,804
2,804


Charge for the year on owned assets
-
648
648



At 31 December 2023

-
3,452
3,452



Net book value



At 31 December 2023
97,321
3,030
100,351



At 31 December 2022
97,321
3,678
100,999




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Freehold
97,321
97,321

97,321
97,321



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
34,241
20,684

34,241
20,684


Page 7

 
BOWBROOK ARCHERS LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
769
260

769
260



7.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
34,241
20,684




Financial assets measured at fair value through profit or loss comprise...


8.


Deferred taxation




2023


£






At beginning of year
(245)


Utilised in year
41



At end of year
(204)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(204)
(245)

(204)
(245)

Page 8

 
BOWBROOK ARCHERS LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Reserves

Other reserves

The other reserves represent retianed profits prior to incorporation.

Profit and loss account

The profit and loss account represents the accumulated profits of the Club since incorporation.



10.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1. towards the assets of the company in the event of liquidation.

 
Page 9