IRIS Accounts Production v24.2.0.383 14692254 director 27.2.23 31.3.24 31.3.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh146922542023-02-26146922542024-03-31146922542023-02-272024-03-31146922542023-02-2614692254ns15:EnglandWales2023-02-272024-03-3114692254ns14:PoundSterling2023-02-272024-03-3114692254ns10:Director12023-02-272024-03-3114692254ns10:PrivateLimitedCompanyLtd2023-02-272024-03-3114692254ns10:SmallEntities2023-02-272024-03-3114692254ns10:AuditExemptWithAccountantsReport2023-02-272024-03-3114692254ns10:SmallCompaniesRegimeForDirectorsReport2023-02-272024-03-3114692254ns10:SmallCompaniesRegimeForAccounts2023-02-272024-03-3114692254ns10:FullAccounts2023-02-272024-03-3114692254ns10:RegisteredOffice2023-02-272024-03-3114692254ns5:CurrentFinancialInstruments2024-03-3114692254ns5:Non-currentFinancialInstruments2024-03-3114692254ns5:ShareCapital2024-03-3114692254ns5:RetainedEarningsAccumulatedLosses2024-03-3114692254ns5:LongLeaseholdAssetsns5:LandBuildings2023-02-272024-03-3114692254ns5:PlantMachinery2023-02-272024-03-3114692254ns5:LandBuildings2023-02-272024-03-3114692254ns5:LandBuildings2024-03-3114692254ns5:LongLeaseholdAssetsns5:LandBuildings2024-03-3114692254ns5:PlantMachinery2024-03-3114692254ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3114692254ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-31
REGISTERED NUMBER: 14692254 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 27 FEBRUARY 2023 TO 31 MARCH 2024

FOR

W D BOWEN LIMITED

W D BOWEN LIMITED (REGISTERED NUMBER: 14692254)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 27 FEBRUARY 2023 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

W D BOWEN LIMITED

COMPANY INFORMATION
FOR THE PERIOD 27 FEBRUARY 2023 TO 31 MARCH 2024







DIRECTOR: W D Bowen





REGISTERED OFFICE: Number 5
The Business Quarter
Eco Park Road
Ludlow
Shropshire
SY8 1FD





REGISTERED NUMBER: 14692254 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
Number 5
The Business Quarter
Eco Park Road
Ludlow
Shropshire
SY8 1FD

W D BOWEN LIMITED (REGISTERED NUMBER: 14692254)

BALANCE SHEET
31 MARCH 2024

Notes £    £   
FIXED ASSETS
Tangible assets 3 2,096,989

CURRENT ASSETS
Stocks 122,946
Debtors 4 177,201
Cash at bank 261,286
561,433
CREDITORS
Amounts falling due within one year 5 895,222
NET CURRENT LIABILITIES (333,789 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,763,200

CREDITORS
Amounts falling due after more than one
year

6

(1,621,050

)

PROVISIONS FOR LIABILITIES (96,680 )
NET ASSETS 45,470

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 45,370
45,470

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

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

W D BOWEN LIMITED (REGISTERED NUMBER: 14692254)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2024 and were signed by:





W D Bowen - Director


W D BOWEN LIMITED (REGISTERED NUMBER: 14692254)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 27 FEBRUARY 2023 TO 31 MARCH 2024

1. 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.
Poultry house - 5% on cost
Plant and machinery - 15% on reducing balance

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

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation
Taxation for the period 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 period 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.

W D BOWEN LIMITED (REGISTERED NUMBER: 14692254)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 27 FEBRUARY 2023 TO 31 MARCH 2024

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

3. TANGIBLE FIXED ASSETS
Freehold Poultry Plant and
property house machinery Totals
£    £    £    £   
COST
Additions 1,585,129 512,196 33,000 2,130,325
At 31 March 2024 1,585,129 512,196 33,000 2,130,325
DEPRECIATION
Charge for period - 27,995 5,341 33,336
At 31 March 2024 - 27,995 5,341 33,336
NET BOOK VALUE
At 31 March 2024 1,585,129 484,201 27,659 2,096,989

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 130,199
Other debtors 3,307
VAT 43,695
177,201

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 169,373
Tax 34,395
Directors' current accounts 647,214
Accrued expenses 44,240
895,222

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans more 5 yr by instal 1,621,050

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,621,050

7. OTHER FINANCIAL COMMITMENTS

The mortgage is secured by way of a fixed and floating charge over the assets of the company.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
W D BOWEN 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 W D Bowen Limited for the period ended 31 March 2024 which comprise the Income Statement, Balance Sheet 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 W D Bowen Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of W D Bowen Limited and state those matters that we have agreed to state to the director of W D Bowen 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 W D Bowen Limited and its director for our work or for this report.

It is your duty to ensure that W D Bowen 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 profit of W D Bowen Limited. You consider that W D Bowen Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of W D Bowen 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.






D.R.E. & Co. Limited
Chartered Accountants
Number 5
The Business Quarter
Eco Park Road
Ludlow
Shropshire
SY8 1FD


27 September 2024