Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 00506700 Mr J P Bowler Mr P Bhatia Mr A Bhatia Mr S Thiagarajan Mr P Bhatia iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00506700 2023-03-31 00506700 2024-03-31 00506700 2023-04-01 2024-03-31 00506700 frs-core:CurrentFinancialInstruments 2024-03-31 00506700 frs-core:Non-currentFinancialInstruments 2024-03-31 00506700 frs-core:BetweenOneFiveYears 2024-03-31 00506700 frs-core:FurnitureFittings 2024-03-31 00506700 frs-core:FurnitureFittings 2023-04-01 2024-03-31 00506700 frs-core:FurnitureFittings 2023-03-31 00506700 frs-core:PlantMachinery 2024-03-31 00506700 frs-core:PlantMachinery 2023-04-01 2024-03-31 00506700 frs-core:PlantMachinery 2023-03-31 00506700 frs-core:WithinOneYear 2024-03-31 00506700 frs-core:ShareCapital 2024-03-31 00506700 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 00506700 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00506700 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 00506700 frs-bus:SmallEntities 2023-04-01 2024-03-31 00506700 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00506700 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00506700 frs-bus:Director1 2023-04-01 2024-03-31 00506700 frs-bus:Director2 2023-04-01 2024-03-31 00506700 frs-bus:Director3 2023-04-01 2024-03-31 00506700 frs-bus:Director4 2023-04-01 2024-03-31 00506700 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 00506700 frs-countries:EnglandWales 2023-04-01 2024-03-31 00506700 2022-03-31 00506700 2023-03-31 00506700 2022-04-01 2023-03-31 00506700 frs-core:CurrentFinancialInstruments 2023-03-31 00506700 frs-core:Non-currentFinancialInstruments 2023-03-31 00506700 frs-core:BetweenOneFiveYears 2023-03-31 00506700 frs-core:WithinOneYear 2023-03-31 00506700 frs-core:ShareCapital 2023-03-31 00506700 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 00506700
H.J. Bowler & Sons Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Clouders (Audit & Accounts) Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00506700
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,028 2,704
2,028 2,704
CURRENT ASSETS
Stocks 52,575 235,429
Debtors 5 834,423 773,079
Cash at bank and in hand 6,208 17,799
893,206 1,026,307
Creditors: Amounts Falling Due Within One Year 6 (121,515 ) (291,357 )
NET CURRENT ASSETS (LIABILITIES) 771,691 734,950
TOTAL ASSETS LESS CURRENT LIABILITIES 773,719 737,654
Creditors: Amounts Falling Due After More Than One Year 7 (13,333 ) (23,333 )
NET ASSETS 760,386 714,321
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 759,386 713,321
SHAREHOLDERS' FUNDS 760,386 714,321
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For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P Bhatia
Director
21/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
H.J. Bowler & Sons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00506700 . The registered office is Bowler House, Harvey Road, Basildon, Essex, SS13 1DD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.5. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 421,284 998 422,282
As at 31 March 2024 421,284 998 422,282
Depreciation
As at 1 April 2023 418,624 954 419,578
Provided during the period 665 11 676
As at 31 March 2024 419,289 965 420,254
Net Book Value
As at 31 March 2024 1,995 33 2,028
As at 1 April 2023 2,660 44 2,704
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 352,372 387,066
Other debtors 482,051 386,013
834,423 773,079
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 43,394 46,768
Bank loans and overdrafts 10,000 10,000
Corporation tax 11,750 8,870
Other taxes and social security 474 436
Other creditors 185 -
Accruals and deferred income 32,641 205,808
Directors' loan accounts 23,071 19,475
121,515 291,357
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,333 23,333
13,333 23,333
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 47,300 13,667
Later than one year and not later than five years 11,825 -
59,125 13,667
10. Related Party Transactions
One of the company's directors maintains a loan account with the company, which is interest-free and repayable on demand. As at 31st March 2024, the balance due to the director was £23,071 (2023:£19,475).
The  company maintains a loan account with an overseas company, over which two of the company's directors have signifgicant influence As at 31st March 2024, the amount due by the oversea company in respect of the loan, which is interest-free and repayable on demand, was £456,989 (2023:£358,050).
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