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Registered number: 08571338
Bowman Specialised Liquids Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—8
Page 1
Company Information
Director Mr C K Bowman
Company Number 08571338
Registered Office Hanover Buildings
11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
Accountants ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings, 11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
Page 1
Page 2
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Bowman Specialised Liquids Limited For The Year Ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Bowman Specialised Liquids Limited For The Year Ended 30 June 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Bowman Specialised Liquids Limited , as a body, in accordance with the terms of our engagement letter dated 17 April 2023. Our work has been undertaken solely to prepare for your approval the accounts of Bowman Specialised Liquids Limited and state those matters that we have agreed to state to the directors of Bowman Specialised Liquids Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bowman Specialised Liquids Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Bowman Specialised Liquids Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Bowman Specialised Liquids Limited . You consider that Bowman Specialised Liquids Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Bowman Specialised Liquids 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 financial statements.
Signed
ERC Accountants and Business Advisers Ltd
27 March 2025
ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings, 11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
Page 2
Page 3
Balance Sheet
Registered number: 08571338
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 268,109 325,535
268,109 325,535
CURRENT ASSETS
Stocks 6 250,000 383,000
Debtors 7 725,080 779,153
Cash at bank and in hand 46,266 135,731
1,021,346 1,297,884
Creditors: Amounts Falling Due Within One Year 8 (568,566 ) (550,681 )
NET CURRENT ASSETS (LIABILITIES) 452,780 747,203
TOTAL ASSETS LESS CURRENT LIABILITIES 720,889 1,072,738
Creditors: Amounts Falling Due After More Than One Year 9 (100,528 ) (140,123 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,478 ) (59,041 )
NET ASSETS 607,883 873,574
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 607,783 873,474
SHAREHOLDERS' FUNDS 607,883 873,574
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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 Profit and Loss Account.
On behalf of the board
Mr C K Bowman
Director
27 March 2025
The notes on pages 5 to 8 form part of these financial statements.
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Page 5
Notes to the Financial Statements
1. General Information
Bowman Specialised Liquids Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08571338 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.
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. 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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are payments for a brand. It is amortised to profit and loss account in full in the year of purchase.
2.4. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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:
Plant and machinery 20% Reducing balance
Motor vehicles 20% Reducing balance
Fixtures and fittings 20% Reducing balance
Computer equipment 20% Reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 29 (2023: 21)
29 21
4. Intangible Assets
Other
£
Cost
As at 1 July 2023 16,500
As at 30 June 2024 16,500
Amortisation
As at 1 July 2023 16,500
As at 30 June 2024 16,500
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
5. Tangible Assets
Plant and machinery Motor vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 693,170 800 22,070 41,727 757,767
Additions 386 13,390 392 1,194 15,362
Disposals (9,000 ) - - - (9,000 )
As at 30 June 2024 684,556 14,190 22,462 42,921 764,129
Depreciation
As at 1 July 2023 391,258 693 12,175 28,106 432,232
Provided during the period 59,308 2,699 2,058 2,963 67,028
Disposals (3,240 ) - - - (3,240 )
As at 30 June 2024 447,326 3,392 14,233 31,069 496,020
Net Book Value
As at 30 June 2024 237,230 10,798 8,229 11,852 268,109
As at 1 July 2023 301,912 107 9,895 13,621 325,535
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Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant and machinery 112,330 140,413
6. Stocks
2024 2023
£ £
Stock 250,000 383,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 40,657 189,239
Prepayments and accrued income 24,640 24,640
Other debtors 659,783 565,274
725,080 779,153
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 33,178 33,176
Trade creditors 370,408 366,082
Bank loans and overdrafts 9,813 9,998
Other taxes and social security 12,961 19,163
VAT 129,370 68,668
Net wages 8,734 -
Other creditors - 50,000
Pension control account 1,699 1,375
Accruals and deferred income 2,035 1,875
Directors' loan accounts 368 344
568,566 550,681
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 80,552 110,518
Bank loans 19,976 29,605
100,528 140,123
The loan included above was obtained under the government bounce back loan scheme.
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10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 113,728 143,694
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 33,178 33,176
Later than one year and not later than five years 80,552 110,518
113,730 143,694
113,730 143,694
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
13. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
14. Related party transactions
The following related party transactions were undertaken during the year:
During the year a director loaned to the company amounts totalling £62,325, withdrew from the company amounts totalling £62,301. (2023: loaned to the company amounts totalling £139,125, withdrew from the company amounts totalling £188,805).
At the year end date the company owed the director £368 (2023 : £344).
Dividends were paid to the director totalling £61,000 (2023: 50,000)
During the year, expenses were paid on behalf of a connected company totalling £60,800 (2023: £Nil) and amounts repaid totalled £7,820 (2023: £Nil). At the year end there was a balance receivable from the connected company of £2,980 (2023: £50,000 was payable).
During the year expenses were paid on behalf of a connected company totalling £309,773 (2023: £192,000) and amounts received totalled £178,041 (2023: £Nil). At the year end the amount owed from the connected company was £654,528 (2023:£522,795). 
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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