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Registration number: 00860804

C J Bowers & Son Limited

trading as C.J. Bowers & Son Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

C J Bowers & Son Limited

trading as C.J. Bowers & Son Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

C J Bowers & Son Limited

trading as C.J. Bowers & Son Limited

Company Information

Directors

B Bowers

Mrs R J Bowers

A Bowers

SB Bowers

Registered office

1st Floor
Abbotsgate House
Hollow Road
Bury St Edmunds
Suffolk
IP32 7FA

Accountants

Hodson Lewis Limited
Chartered Certified Accountants and Business Advisors
1st Floor
Abbotsgate House
Hollow Road
Bury St Edmunds
Suffolk
IP32 7FA

 

C J Bowers & Son Limited

trading as C.J. Bowers & Son Limited

(Registration number: 00860804)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

40,198

30,010

Investment property

5

1,798,374

1,828,374

 

1,838,572

1,858,384

Current assets

 

Debtors

6

1,490

883

Cash at bank and in hand

 

555,508

609,074

 

556,998

609,957

Creditors: Amounts falling due within one year

7

(25,974)

(28,477)

Net current assets

 

531,024

581,480

Total assets less current liabilities

 

2,369,596

2,439,864

Provisions for liabilities

(72,929)

(73,098)

Net assets

 

2,296,667

2,366,766

Capital and reserves

 

Called up share capital

8

5,000

5,000

Other reserves

425,890

425,890

Retained earnings

1,865,777

1,935,876

Shareholders' funds

 

2,296,667

2,366,766

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 March 2025 and signed on its behalf by:
 

 

C J Bowers & Son Limited

trading as C.J. Bowers & Son Limited

(Registration number: 00860804)
Balance Sheet as at 30 September 2024

.........................................
B Bowers
Director

 

C J Bowers & Son Limited

trading as C.J. Bowers & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1st Floor
Abbotsgate House
Hollow Road
Bury St Edmunds
Suffolk
IP32 7FA

These financial statements were authorised for issue by the Board on 25 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Government grants

A Government Grant in relation to SBGF is included on an accruals model. These grants are presented within other operating income.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

C J Bowers & Son Limited

trading as C.J. Bowers & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% per annum of cost

Fixtures and fittings

1% per annum of cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

C J Bowers & Son Limited

trading as C.J. Bowers & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

 

C J Bowers & Son Limited

trading as C.J. Bowers & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2023

14,771

1,079

44,390

60,240

Additions

-

-

19,908

19,908

At 30 September 2024

14,771

1,079

64,298

80,148

Depreciation

At 1 October 2023

1,134

315

28,781

30,230

Charge for the year

148

217

9,355

9,720

At 30 September 2024

1,282

532

38,136

39,950

Carrying amount

At 30 September 2024

13,489

547

26,162

40,198

At 30 September 2023

13,637

764

15,609

30,010

5

Investment properties

2024
£

At 1 October

1,828,374

Disposals

(30,000)

At 30 September

1,798,374

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2024
£

2023
£

Prepayments

855

883

Other debtors

635

-

 

1,490

883

 

C J Bowers & Son Limited

trading as C.J. Bowers & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

150

-

Taxation and social security

4,563

6,647

Accruals and deferred income

4,460

3,674

Other creditors

16,801

18,156

25,974

28,477

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

5,000

5,000

5,000

5,000