Registered number
05861077
Bowman Ales Limited
Filleted Accounts
30 June 2024
Bowman Ales Limited
Registered number: 05861077
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 49,765 62,590
Current assets
Stocks 27,828 23,568
Debtors 4 83,836 54,747
Cash at bank and in hand 151,159 125,998
262,823 204,313
Creditors: amounts falling due within one year 5 (110,699) (87,330)
Net current assets 152,124 116,983
Total assets less current liabilities 201,889 179,573
Creditors: amounts falling due after more than one year 6 (59,423) (75,423)
Provisions for liabilities (10,104) (9,726)
Net assets 132,362 94,424
Capital and reserves
Called up share capital 100 100
Profit and loss account 132,262 94,324
Shareholders' funds 132,362 94,424
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M G Roberts Mr R Page
Director Director
Approved by the board on 20 November 2024
Bowman Ales Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery etc 25% on cost, 25% on reducing balance and
15% on cost
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
including directors
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 24,348 526,254 55,815 606,417
Additions - 3,855 - 3,855
At 30 June 2024 24,348 530,109 55,815 610,272
Depreciation
At 1 July 2023 21,798 504,129 17,902 543,829
Charge for the year 706 6,494 9,478 16,678
At 30 June 2024 22,504 510,623 27,380 560,507
Net book value
At 30 June 2024 1,844 19,486 28,435 49,765
At 30 June 2023 2,550 22,125 37,913 62,590
4 Debtors 2024 2023
£ £
Trade debtors 71,923 51,250
Other debtors 11,913 3,497
83,836 54,747
Amounts due after more than one year included above 2,000 2,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 22,695 20,475
Taxation and social security costs 58,693 37,505
Other creditors 19,311 19,350
110,699 87,330
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,833 20,833
Other creditors 48,590 54,590
59,423 75,423
7 Other information
Bowman Ales Limited is a private company limited by shares and incorporated in England. Its registered office is:
SHMS House
20 Little Park Farm Road
Fareham
Hampshire
PO15 5TD
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