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REGISTERED NUMBER: 06031508 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Bowling Vision Limited

Bowling Vision Limited (Registered number: 06031508)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Bowling Vision Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J D Trend





SECRETARY: M J Cosgrove





REGISTERED OFFICE: Unit 2 Bushacre Court
14 Garrard Way
Telford Way Industrial Estate
Kettering
NN16 8TD





REGISTERED NUMBER: 06031508 (England and Wales)





ACCOUNTANTS: D. A. Locke & Co, Chartered Accountants
Stoke Bruerne
Northamptonshire
NN12 7SF

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Bowling Vision Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bowling Vision Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Bowling Vision Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bowling Vision Limited and state those matters that we have agreed to state to the director of Bowling Vision Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bowling Vision Limited and its director for our work or for this report.

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






D. A. Locke & Co, Chartered Accountants
Stoke Bruerne
Northamptonshire
NN12 7SF


9 July 2024

Bowling Vision Limited (Registered number: 06031508)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,985 51,721

CURRENT ASSETS
Stocks 775,850 708,300
Debtors 5 1,147,899 1,638,028
Cash at bank and in hand 1,054,115 851,674
2,977,864 3,198,002
CREDITORS
Amounts falling due within one year 6 1,930,850 2,005,276
NET CURRENT ASSETS 1,047,014 1,192,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,121,999

1,244,447

CREDITORS
Amounts falling due after more than
one year

7

(232,256

)

-

PROVISIONS FOR LIABILITIES (200,374 ) (171,808 )
NET ASSETS 689,369 1,072,639

Bowling Vision Limited (Registered number: 06031508)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 200
Capital redemption reserve 100 -
Other reserves 92,572 92,572
Retained earnings 596,597 979,867
SHAREHOLDERS' FUNDS 689,369 1,072,639

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.

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 9 July 2024 and were signed by:





J D Trend - Director


Bowling Vision Limited (Registered number: 06031508)

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

1. STATUTORY INFORMATION

Bowling Vision 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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

Revenue - described as turnover - is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the sale of goods when the goods are delivered and title to the goods has passed to the customer. Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the degree of completion of the project.

Tangible fixed assets
Initial measurement
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery etc - 25% on the reducing balance basis

Impairment of fixed assets
At each reporting period end, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks
Stocks are stated at the lower of cost and net realisable value. Provision is made for obsolete, slow-moving and defective items where appropriate.

Bowling Vision Limited (Registered number: 06031508)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and liability simultaneously.

Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less and bank over drafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank and cash balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the individual financial arrangements entered into. An equity instrument is any contract that evidences residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, in which case the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due in one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.


Bowling Vision Limited (Registered number: 06031508)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Operating lease rentals are charged to the profit and loss account on a straight line basis over the lease term. Lease incentives are amortised to profit or loss over the entire period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The financial statements have been prepared on the going concern basis. The director is of the opinion that that the business has sufficient working capital available to continue trading for at least twelve months from the date of signing the financial statements. As such, the director believes that there are no significant uncertainties in his assessment of the business as a going concern and has therefore prepared the financial statements on that basis.

Bowling Vision Limited (Registered number: 06031508)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 136,806
Additions 19,234
Disposals 5,654
At 31 March 2024 161,694
DEPRECIATION
At 1 April 2023 85,085
Charge for year 14,156
Eliminated on disposal (12,532 )
At 31 March 2024 86,709
NET BOOK VALUE
At 31 March 2024 74,985
At 31 March 2023 51,721

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 961,476 1,400,406
Amounts owed by associates 87,702 89,771
Other debtors 98,721 147,851
1,147,899 1,638,028

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 51,663 -
Trade creditors 263,485 346,626
Taxation and social security 349,799 198,257
Other creditors 1,265,903 1,460,393
1,930,850 2,005,276

Bowling Vision Limited (Registered number: 06031508)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 232,256 -

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 45,999 48,515
Between one and five years 172,574 109,859
218,573 158,374

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 283,919 -

The bank borrowing is secured by a fixed and floating charge over the company's assets and undertaking.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
J D Trend
Balance outstanding at start of year 60,000 -
Amounts advanced 82,242 80,262
Amounts repaid (142,242 ) (20,262 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 60,000

Interest is payable on overdrawn balances at the official rate.

11. OTHER RESERVES

Other Reserves comprises a capital contribution which is neither repayable nor distributable.