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Registered number: 09107528
Bowline Communications Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Charlton Baker
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 09107528
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 80,572 102,391
80,572 102,391
CURRENT ASSETS
Debtors 6 144,189 309,087
Cash at bank and in hand 334,292 247,613
478,481 556,700
Creditors: Amounts Falling Due Within One Year 7 (64,564 ) (113,836 )
NET CURRENT ASSETS (LIABILITIES) 413,917 442,864
TOTAL ASSETS LESS CURRENT LIABILITIES 494,489 545,255
Creditors: Amounts Falling Due After More Than One Year 8 - (26,667 )
NET ASSETS 494,489 518,588
CAPITAL AND RESERVES
Called up share capital 9 13 13
Income Statement 494,476 518,575
SHAREHOLDERS' FUNDS 494,489 518,588
Page 1
Page 2
For the year ending 30 June 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.
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 Income Statement.
On behalf of the board
Mrs Jessica Jeary
Director
27/03/2025
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
Bowline Communications Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09107528 . The registered office is 7-7c Snuff Street, Devizes, Wiltshire, SN10 1DU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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 work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to income statement over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Intangible Assets
Other
£
Cost
As at 1 July 2023 6,500
As at 30 June 2024 6,500
Amortisation
As at 1 July 2023 6,500
As at 30 June 2024 6,500
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 112,500 32,133 144,633
Additions - 2,326 2,326
As at 30 June 2024 112,500 34,459 146,959
Depreciation
As at 1 July 2023 28,125 14,117 42,242
Provided during the period 21,094 3,051 24,145
As at 30 June 2024 49,219 17,168 66,387
Net Book Value
As at 30 June 2024 63,281 17,291 80,572
As at 1 July 2023 84,375 18,016 102,391
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 121,645 296,096
Other debtors 22,544 12,991
144,189 309,087
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,354 9,676
Bank loans and overdrafts - 10,000
Other creditors 24,374 31,595
Taxation and social security 37,836 62,565
64,564 113,836
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 26,667
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 13 13
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