IRIS Accounts Production v24.1.9.2 07427273 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074272732023-04-30074272732024-04-30074272732023-05-012024-04-30074272732022-04-30074272732022-05-012023-04-30074272732023-04-3007427273ns15:EnglandWales2023-05-012024-04-3007427273ns14:PoundSterling2023-05-012024-04-3007427273ns10:Director12023-05-012024-04-3007427273ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3007427273ns10:SmallEntities2023-05-012024-04-3007427273ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3007427273ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3007427273ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3007427273ns10:FullAccounts2023-05-012024-04-300742727312023-05-012024-04-3007427273ns10:Director22023-05-012024-04-3007427273ns10:Director32023-05-012024-04-3007427273ns10:CompanySecretary12023-05-012024-04-3007427273ns10:RegisteredOffice2023-05-012024-04-3007427273ns5:CurrentFinancialInstruments2024-04-3007427273ns5:CurrentFinancialInstruments2023-04-3007427273ns5:Non-currentFinancialInstruments2024-04-3007427273ns5:Non-currentFinancialInstruments2023-04-3007427273ns5:ShareCapital2024-04-3007427273ns5:ShareCapital2023-04-3007427273ns5:CapitalRedemptionReserve2024-04-3007427273ns5:CapitalRedemptionReserve2023-04-3007427273ns5:RetainedEarningsAccumulatedLosses2024-04-3007427273ns5:RetainedEarningsAccumulatedLosses2023-04-3007427273ns5:NetGoodwill2023-05-012024-04-3007427273ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3007427273ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-05-012024-04-3007427273ns5:FurnitureFittings2023-05-012024-04-3007427273ns5:NetGoodwill2023-04-3007427273ns5:NetGoodwill2024-04-3007427273ns5:NetGoodwill2023-04-3007427273ns5:LandBuildings2023-04-3007427273ns5:FurnitureFittings2023-04-3007427273ns5:LandBuildings2023-05-012024-04-3007427273ns5:LandBuildings2024-04-3007427273ns5:FurnitureFittings2024-04-3007427273ns5:LandBuildings2023-04-3007427273ns5:FurnitureFittings2023-04-3007427273ns5:CostValuation2023-04-3007427273ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3007427273ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3007427273ns5:Secured2024-04-3007427273ns5:Secured2023-04-3007427273ns5:DeferredTaxation2023-04-3007427273ns5:DeferredTaxation2023-05-012024-04-3007427273ns5:DeferredTaxation2024-04-30074272731ns10:Director12023-04-30074272731ns10:Director12022-04-30074272731ns10:Director12023-05-012024-04-30074272731ns10:Director12022-05-012023-04-30074272731ns10:Director12024-04-30074272731ns10:Director12023-04-3007427273ns10:Director222023-04-3007427273ns10:Director222022-04-3007427273ns10:Director222023-05-012024-04-3007427273ns10:Director222022-05-012023-04-3007427273ns10:Director222024-04-3007427273ns10:Director222023-04-3007427273ns10:Director332023-04-3007427273ns10:Director332022-04-3007427273ns10:Director332023-05-012024-04-3007427273ns10:Director332022-05-012023-04-3007427273ns10:Director332024-04-3007427273ns10:Director332023-04-30
REGISTERED NUMBER: 07427273 (England and Wales)















Bowden Jones Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2024






Bowden Jones Ltd (Registered number: 07427273)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bowden Jones Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: H D Bowden
S M Jones
M L Boudier





SECRETARY: M L Boudier





REGISTERED OFFICE: 27 Windsor Place
Cardiff
CF10 3BZ





REGISTERED NUMBER: 07427273 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Bowden Jones Ltd (Registered number: 07427273)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 501,575 515,285
Investments 6 100 100
501,675 515,385

CURRENT ASSETS
Stocks 8,330 31,478
Debtors 7 384,826 275,175
Cash at bank and in hand 160,336 127,886
553,492 434,539
CREDITORS
Amounts falling due within one year 8 336,143 237,496
NET CURRENT ASSETS 217,349 197,043
TOTAL ASSETS LESS CURRENT
LIABILITIES

719,024

712,428

CREDITORS
Amounts falling due after more than one year 9 (438,606 ) (483,377 )

PROVISIONS FOR LIABILITIES 11 (3,629 ) (3,210 )
NET ASSETS 276,789 225,841

CAPITAL AND RESERVES
Called up share capital 196 196
Capital redemption reserve 2 2
Retained earnings 276,591 225,643
SHAREHOLDERS' FUNDS 276,789 225,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Bowden Jones Ltd (Registered number: 07427273)

Balance Sheet - continued
30 April 2024



The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





H D Bowden - Director


Bowden Jones Ltd (Registered number: 07427273)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Bowden Jones Ltd 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.

Preparation of consolidated financial statements
The financial statements contain information about Bowden Jones Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 includes revenue earned from the rendering of services. 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 the work performed to date to the original estimated contract costs.

Revenue is measured when goods are delivered and legal title has passed. It is recognised at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Goodwill has been amortised in full.

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.
Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and estimated selling price less costs to sell.

In respect of work in progress, cost includes a relevant proportion of overheads according to the stage of completion.


Bowden Jones Ltd (Registered number: 07427273)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 900,000
AMORTISATION
At 1 May 2023
and 30 April 2024 900,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Bowden Jones Ltd (Registered number: 07427273)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 May 2023 566,350 77,076 643,426
Additions - 882 882
At 30 April 2024 566,350 77,958 644,308
DEPRECIATION
At 1 May 2023 67,962 60,179 128,141
Charge for year 11,327 3,265 14,592
At 30 April 2024 79,289 63,444 142,733
NET BOOK VALUE
At 30 April 2024 487,061 14,514 501,575
At 30 April 2023 498,388 16,897 515,285

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 100
NET BOOK VALUE
At 30 April 2024 100
At 30 April 2023 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 18,014 47,048
Amounts owed by group undertakings 142,175 107,055
Other debtors 224,637 121,072
384,826 275,175

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 50,102 45,514
Trade creditors 6,930 8,966
Taxation and social security 264,169 164,360
Other creditors 14,942 18,656
336,143 237,496

Bowden Jones Ltd (Registered number: 07427273)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 438,606 483,377

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 367,110 378,958

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank overdraft 4,960 -
Bank loans 483,748 528,891
488,708 528,891

The bank loans are secured by way of a fixed and floating charge on the freehold of 27 Windsor Place.

11. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 3,629 3,210

Deferred
tax
£   
Balance at 1 May 2023 3,210
Charge to Income Statement during year 419
Balance at 30 April 2024 3,629

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
H D Bowden
Balance outstanding at start of year 87,221 113,498
Amounts advanced 149,362 87,823
Amounts repaid (135,570 ) (114,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 101,013 87,221

Bowden Jones Ltd (Registered number: 07427273)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

S M Jones
Balance outstanding at start of year 16,912 (24,638 )
Amounts advanced 221,474 155,650
Amounts repaid (125,570 ) (114,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 112,816 16,912

M L Boudier
Balance outstanding at start of year - -
Amounts advanced 945 -
Amounts repaid (1,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (55 ) -

The directors have provided a personal guarantee of £50,000 as security for the overdraft facility.

The directors' loan accounts are repayable on demand.