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Registered number: 02603923
G A Bower Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Deans
Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02603923
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 395,468 424,720
395,468 424,720
CURRENT ASSETS
Stocks 6 53,556 66,077
Debtors 7 73,346 129,245
Cash at bank and in hand 227,801 220,926
354,703 416,248
Creditors: Amounts Falling Due Within One Year 8 (43,323 ) (149,283 )
NET CURRENT ASSETS (LIABILITIES) 311,380 266,965
TOTAL ASSETS LESS CURRENT LIABILITIES 706,848 691,685
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,418 ) (5,295 )
NET ASSETS 702,430 686,390
CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium account 235,871 235,871
Profit and Loss Account 466,459 450,419
SHAREHOLDERS' FUNDS 702,430 686,390
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 G A Bower
Director
21 February 2025
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
G A Bower Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of 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.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Sale of goods
Turnover from the sale of beef and produce is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually on dispatch of the goods.
Rental Income
Rental income from operating leases is recognised on a straight line basis over the lease term. 
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Basic Payment Scheme entitlements. It is amortised to profit and loss account over its estimated economic life of 6 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Freehold 2% Straight Line
Plant & Machinery 10% Straight Line
Motor Vehicles 25% Reducing Balance
2.5. Stocks and Work in Progress
Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell.  Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula.  Provision is made for damaged, obsolete and slow-moving stock where appropriate.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Basc Payment Scheme
Other
£
Cost
As at 1 June 2023 51,693
As at 31 May 2024 51,693
Amortisation
As at 1 June 2023 51,693
As at 31 May 2024 51,693
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 June 2023 307,477 543,822 110,611 961,910
Additions - 5,986 21,495 27,481
Disposals - - (29,261 ) (29,261 )
As at 31 May 2024 307,477 549,808 102,845 960,130
Depreciation
As at 1 June 2023 58,797 437,305 41,088 537,190
Provided during the period 2,876 22,517 19,892 45,285
Disposals - - (17,813 ) (17,813 )
As at 31 May 2024 61,673 459,822 43,167 564,662
Net Book Value
As at 31 May 2024 245,804 89,986 59,678 395,468
As at 1 June 2023 248,680 106,517 69,523 424,720
6. Stocks
2024 2023
£ £
Stock 53,556 66,077
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Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,630 -
Prepayments and accrued income 47,130 104,993
Other debtors - 613
Corporation tax recoverable assets 9,230 9,230
VAT 11,219 14,409
Director's loan account 2,137 -
73,346 129,245
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 20,387 83,570
Other taxes and social security 436 868
Accruals and deferred income 22,500 59,771
Director's loan account - 5,074
43,323 149,283
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Graham Bower - 9,641 7,504 - 2,137
The above loan is provided interest free and repayable on demand.
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