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Company Registration No. 9986583 (England and Wales)
Bowling House Ltd Unaudited accounts for the year ended 29 February 2024
Bowling House Ltd Unaudited accounts Contents
Page
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Bowling House Ltd Company Information for the year ended 29 February 2024
Directors
Kate Elizabeth Read Jack Thompson Derek Thompson
Company Number
9986583 (England and Wales)
Registered Office
17-19 St. Georges Street, Norwich England NR3 1AB England
Accountants
Together Accounting Limited 17-19 St Georges Street Norwich Norfolk NR3 1AB
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Bowling House Ltd Accountants' report
Accountants' report to the board of directors of Bowling House Ltd on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bowling House Ltd for the year ended 29 February 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Bowling House Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Bowling House Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bowling House Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Bowling House Ltd 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 Bowling House Ltd. You consider that Bowling House Ltd 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 Bowling House Ltd. 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.
Together Accounting Limited 17-19 St Georges Street Norwich Norfolk NR3 1AB 27 November 2024
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Bowling House Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
173,918 
212,239 
Current assets
Inventories
3,000 
4,975 
Debtors
62,465 
62,141 
Cash at bank and in hand
(5,679)
- 
59,786 
67,116 
Creditors: amounts falling due within one year
(362,660)
(406,430)
Net current liabilities
(302,874)
(339,314)
Total assets less current liabilities
(128,956)
(127,075)
Creditors: amounts falling due after more than one year
(38,335)
(57,679)
Provisions for liabilities
Deferred tax
(25,998)
(40,325)
Net liabilities
(193,289)
(225,079)
Capital and reserves
Called up share capital
1,852 
1,852 
Share premium
241,957 
241,957 
Profit and loss account
(437,098)
(468,888)
Shareholders' funds
(193,289)
(225,079)
For the year ending 29 February 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by
Jack Thompson Director Company Registration No. 9986583
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Bowling House Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Bowling House Ltd is a private company, limited by shares, registered in England and Wales, registration number 9986583. The registered office is 17-19 , St. Georges Street,, Norwich, England, NR3 1AB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% - Straight Line
Fixtures & fittings
25% - Reducing Balance
Computer equipment
25% - Reducing Balance
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Bowling House Ltd Notes to the Accounts for the year ended 29 February 2024
Going concern
The Company meets its day-to-day working capital requirements through financial support provided by the Shareholders. The Director has received assurances that the the Shareholders will continue to provide financial support for at least the next twelve months from the date approval of the financial statements. It is on this basis that the Director considers it appropriate to prepare the accounts on the going concern basis.
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
311,981 
136,835 
3,512 
452,328 
Additions
- 
917 
- 
917 
At 29 February 2024
311,981 
137,752 
3,512 
453,245 
Depreciation
At 1 March 2023
131,442 
105,276 
3,371 
240,089 
Charge for the year
31,198 
7,892 
148 
39,238 
At 29 February 2024
162,640 
113,168 
3,519 
279,327 
Net book value
At 29 February 2024
149,341 
24,584 
(7)
173,918 
At 28 February 2023
180,539 
31,559 
141 
212,239 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
400 
607 
Accrued income and prepayments
45,665 
44,455 
Other debtors
16,400 
17,079 
62,465 
62,141 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,218 
33,166 
VAT
22,921 
5,571 
Obligations under finance leases and hire purchase contracts
6,000 
5,947 
Trade creditors
135,037 
148,039 
Taxes and social security
2,283 
2,252 
Other creditors
10,558 
7,985 
Loans from directors
174,945 
201,770 
Accruals
2,698 
1,700 
362,660 
406,430 
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Bowling House Ltd Notes to the Accounts for the year ended 29 February 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
38,335 
49,066 
Obligations under finance leases and hire purchase contracts
- 
6,000 
Trade creditors
- 
2,613 
38,335 
57,679 
8
Average number of employees
During the year the average number of employees was 17 (2023: 15).
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