Richard Bowdler Limited 06535949 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is farming Digita Accounts Production Advanced 6.30.9574.0 true true 06535949 2023-04-01 2024-03-31 06535949 2024-03-31 06535949 bus:OrdinaryShareClass1 bus:OtherShareType 2024-03-31 06535949 bus:OrdinaryShareClass2 bus:OtherShareType 2024-03-31 06535949 core:RetainedEarningsAccumulatedLosses 2024-03-31 06535949 core:ShareCapital 2024-03-31 06535949 core:CurrentFinancialInstruments 2024-03-31 06535949 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06535949 core:Non-currentFinancialInstruments 2024-03-31 06535949 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 06535949 core:Goodwill 2024-03-31 06535949 core:FurnitureFittingsToolsEquipment 2024-03-31 06535949 core:LandBuildings 2024-03-31 06535949 core:MotorVehicles 2024-03-31 06535949 core:OtherPropertyPlantEquipment 2024-03-31 06535949 bus:SmallEntities 2023-04-01 2024-03-31 06535949 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06535949 bus:FullAccounts 2023-04-01 2024-03-31 06535949 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06535949 bus:RegisteredOffice 2023-04-01 2024-03-31 06535949 bus:Director1 2023-04-01 2024-03-31 06535949 bus:Director5 2023-04-01 2024-03-31 06535949 bus:OrdinaryShareClass1 bus:OtherShareType 2023-04-01 2024-03-31 06535949 bus:OrdinaryShareClass2 bus:OtherShareType 2023-04-01 2024-03-31 06535949 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06535949 bus:Agent1 2023-04-01 2024-03-31 06535949 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 06535949 core:ShareCapital 2023-04-01 2024-03-31 06535949 core:Goodwill 2023-04-01 2024-03-31 06535949 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 06535949 core:LandBuildings 2023-04-01 2024-03-31 06535949 core:MotorVehicles 2023-04-01 2024-03-31 06535949 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 06535949 countries:England 2023-04-01 2024-03-31 06535949 2023-03-31 06535949 core:RetainedEarningsAccumulatedLosses 2023-03-31 06535949 core:ShareCapital 2023-03-31 06535949 core:Goodwill 2023-03-31 06535949 core:FurnitureFittingsToolsEquipment 2023-03-31 06535949 core:LandBuildings 2023-03-31 06535949 core:MotorVehicles 2023-03-31 06535949 core:OtherPropertyPlantEquipment 2023-03-31 06535949 2022-04-01 2023-03-31 06535949 2023-03-31 06535949 bus:OrdinaryShareClass1 bus:OtherShareType 2023-03-31 06535949 bus:OrdinaryShareClass2 bus:OtherShareType 2023-03-31 06535949 core:RetainedEarningsAccumulatedLosses 2023-03-31 06535949 core:ShareCapital 2023-03-31 06535949 core:CurrentFinancialInstruments 2023-03-31 06535949 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06535949 core:Non-currentFinancialInstruments 2023-03-31 06535949 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 06535949 core:Goodwill 2023-03-31 06535949 core:FurnitureFittingsToolsEquipment 2023-03-31 06535949 core:LandBuildings 2023-03-31 06535949 core:MotorVehicles 2023-03-31 06535949 core:OtherPropertyPlantEquipment 2023-03-31 06535949 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 06535949 core:ShareCapital 2022-04-01 2023-03-31 06535949 2022-03-31 06535949 core:RetainedEarningsAccumulatedLosses 2022-03-31 06535949 core:ShareCapital 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06535949

Richard Bowdler Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Richard Bowdler Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4 to 5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 13

 

Richard Bowdler Limited

Company Information

Directors

Mr Richard David Bowdler

Mrs Holly Elizabeth Bowdler

Registered office

Park Hall Farm
The Trench
Ellesmere
Shropshire
SY12 0LS

Accountants

Oakleys Professional Limited
14 St Owen Street
Hereford
HR1 2PL

 

Richard Bowdler Limited

Directors' Report for the Year Ended 31 March 2024

The directors present their report and the financial statements for the year ended 31 March 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr Richard David Bowdler

Mrs Holly Elizabeth Bowdler

Principal activity

The principal activity of the company is farming

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 1 November 2024 and signed on its behalf by:
 

.........................................
Mr Richard David Bowdler
Director

.........................................
Mrs Holly Elizabeth Bowdler
Director

 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Richard Bowdler Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Richard Bowdler Limited for the year ended 31 March 2024 as set out on pages 4 to 13 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that Richard Bowdler Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Richard Bowdler Limited. You consider that Richard Bowdler 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 accounts of Richard Bowdler 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 accounts.

......................................

Oakleys Professional Limited
14 St Owen Street
Hereford
HR1 2PL

1 November 2024

 

Richard Bowdler Limited

(Registration number: 06535949)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

-

6,342

Tangible assets

5

13,440,624

10,565,240

 

13,440,624

10,571,582

Current assets

 

Stocks

6

3,817,279

3,129,251

Debtors

7

941,160

1,075,724

Cash at bank and in hand

 

-

573,934

 

4,758,439

4,778,909

Creditors: Amounts falling due within one year

8

(2,269,289)

(1,999,629)

Net current assets

 

2,489,150

2,779,280

Total assets less current liabilities

 

15,929,774

13,350,862

Creditors: Amounts falling due after more than one year

8

(9,918,233)

(7,900,706)

Provisions for liabilities

(289,454)

(231,750)

Net assets

 

5,722,087

5,218,406

 

Called up share capital

9

101

101

Retained earnings

5,721,986

5,218,305

Shareholders' funds

 

5,722,087

5,218,406

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 1 November 2024 and signed on its behalf by:
 

 

Richard Bowdler Limited

(Registration number: 06535949)
Balance Sheet as at 31 March 2024

.........................................
Mr Richard David Bowdler
Director

.........................................
Mrs Holly Elizabeth Bowdler
Director

 

Richard Bowdler Limited

Statement of Changes in Equity for the Year Ended 31 March 2024

Share capital
£

Retained earnings
£

Total
£

At 1 April 2023

101

5,218,305

5,218,406

Profit for the year

-

550,357

550,357

Dividends

-

(46,676)

(46,676)

At 31 March 2024

101

5,721,986

5,722,087

Share capital
£

Retained earnings
£

Total
£

At 1 April 2022

101

3,512,883

3,512,984

Profit for the year

-

1,754,422

1,754,422

Dividends

-

(49,000)

(49,000)

At 31 March 2023

101

5,218,305

5,218,406

 

Richard Bowdler Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Park Hall Farm
The Trench
Ellesmere
Shropshire
SY12 0LS
England

These financial statements were authorised for issue by the Board on 1 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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

 

Richard Bowdler Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

The directors have chosen the fair value model basis for the valuation of biological assets under FRS 102.

 

Richard Bowdler Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 25 (2023 - 24).

 

Richard Bowdler Limited

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

6,342

6,342

Disposals

(6,342)

(6,342)

At 31 March 2024

-

-

Amortisation

Carrying amount

At 31 March 2024

-

-

At 31 March 2023

6,342

6,342

 

Richard Bowdler Limited

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

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

9,215,782

54,639

106,305

3,533,603

12,910,329

Additions

2,701,402

28,140

55,034

371,125

3,155,701

Disposals

-

-

(29,750)

(70,500)

(100,250)

At 31 March 2024

11,917,184

82,779

131,589

3,834,228

15,965,780

Depreciation

At 1 April 2023

-

30,661

71,604

2,242,824

2,345,089

Charge for the year

-

7,607

14,996

202,586

225,189

Eliminated on disposal

-

-

-

(45,122)

(45,122)

At 31 March 2024

-

38,268

86,600

2,400,288

2,525,156

Carrying amount

At 31 March 2024

11,917,184

44,511

44,989

1,433,940

13,440,624

At 31 March 2023

9,215,782

23,978

34,701

1,290,779

10,565,240

Included within the net book value of land and buildings above is £11,917,184 (2023 - £9,215,782) in respect of freehold land and buildings.
 

 

Richard Bowdler Limited

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

6

Stocks

2024
£

2023
£

Raw materials and consumables

3,817,279

3,129,251

7

Debtors

Current

2024
£

2023
£

Trade debtors

837,093

927,798

Prepayments

10,886

-

Other debtors

93,181

147,926

 

941,160

1,075,724

 

Richard Bowdler Limited

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

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank overdraft

10

91,774

-

Trade creditors

 

1,754,897

1,496,546

Other creditors

 

422,618

503,083

 

2,269,289

1,999,629

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

9,918,233

7,900,706

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares A of £1 each

1

1

1

1

Ordinary shares B of £1 each

100

100

100

100

 

101

101

101

101

10

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

9,918,233

7,900,706

2024
£

2023
£

Current loans and borrowings

Bank overdrafts

91,774

-