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REGISTERED NUMBER: 05817974 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BOWMAN ENGINEERING LIMITED

BOWMAN ENGINEERING LIMITED (REGISTERED NUMBER: 05817974)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BOWMAN ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr B G Bowman





REGISTERED OFFICE: Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ





REGISTERED NUMBER: 05817974 (England and Wales)





ACCOUNTANTS: Brayshaw Morey
Certified Public Accountants
Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ

BOWMAN ENGINEERING LIMITED (REGISTERED NUMBER: 05817974)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 2,947 78
Investment property 7 150,000 165,000
152,947 165,078

CURRENT ASSETS
Debtors 8 5,231 9,302
Cash at bank and in hand 45,249 53,985
50,480 63,287
CREDITORS
Amounts falling due within one year 9 176,807 167,981
NET CURRENT LIABILITIES (126,327 ) (104,694 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,620

60,384

PROVISIONS FOR LIABILITIES 2,305 6,723
NET ASSETS 24,315 53,661

CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 11 16,515 28,665
Retained earnings 11 7,798 24,994
SHAREHOLDERS' FUNDS 24,315 53,661

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 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.

BOWMAN ENGINEERING LIMITED (REGISTERED NUMBER: 05817974)

STATEMENT OF FINANCIAL POSITION - 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 30 September 2024 and were signed by:





Mr B G Bowman - Director


BOWMAN ENGINEERING LIMITED (REGISTERED NUMBER: 05817974)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Bowman Engineering 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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 statement of financial position date.


BOWMAN ENGINEERING LIMITED (REGISTERED NUMBER: 05817974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 200,000
AMORTISATION
At 1 April 2023
and 31 March 2024 200,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

BOWMAN ENGINEERING LIMITED (REGISTERED NUMBER: 05817974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 8,500 - 3,594 12,094
Additions - 3,249 416 3,665
At 31 March 2024 8,500 3,249 4,010 15,759
DEPRECIATION
At 1 April 2023 8,500 - 3,516 12,016
Charge for year - 650 146 796
At 31 March 2024 8,500 650 3,662 12,812
NET BOOK VALUE
At 31 March 2024 - 2,599 348 2,947
At 31 March 2023 - - 78 78

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 165,000
Revaluations (15,000 )
At 31 March 2024 150,000
NET BOOK VALUE
At 31 March 2024 150,000
At 31 March 2023 165,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 35,389
Valuation in 2024 (15,000 )
Cost 129,611
150,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,722 9,102
Other debtors 1,509 200
5,231 9,302

BOWMAN ENGINEERING LIMITED (REGISTERED NUMBER: 05817974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 1,680 6,967
Other creditors 175,127 161,014
176,807 167,981

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 24,994 28,665 53,659
Deficit for the year (13,346 ) (13,346 )
Dividends (16,000 ) (16,000 )
Transfer of realised profit 12,150 (12,150 ) -
At 31 March 2024 7,798 16,515 24,313

12. RELATED PARTY DISCLOSURES

The Director has passed a special resolution dated 1 April 2008 whereby interest will be charged to Bowman Engineering Limited on the outstanding Directors loan account. This will be based on the closing balance as at 31 March each year. The interest rate was charged at 5.25% for 2024. An interest charge of £8,574 (2023 - £6,069) was made to the Company.