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REGISTERED NUMBER: 01344739 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BOWDRAPER LIMITED

BOWDRAPER LIMITED (REGISTERED NUMBER: 01344739)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BOWDRAPER LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: G Lewis
Ms J Lewis
P Lewis
M Lewis
R Lewis



REGISTERED OFFICE: Manor Farm Barns
Old Milverton
Leamington Spa
Warwickshire
CV32 6SA



REGISTERED NUMBER: 01344739 (England and Wales)



BANKERS: Handelsbanken
2nd Floor Olympus House
Olympus Avenue
Leamington Spa
CV34 6BF

BOWDRAPER LIMITED (REGISTERED NUMBER: 01344739)

ABRIDGED BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 4,473 4,034
Tangible assets 5 214,120 196,495
Investments 6 100 105,827
218,693 306,356

CURRENT ASSETS
Stocks 12,029 11,400
Debtors 608,167 551,550
Cash at bank and in hand 694,122 977,151
1,314,318 1,540,101
CREDITORS
Amounts falling due within one year 667,849 657,573
NET CURRENT ASSETS 646,469 882,528
TOTAL ASSETS LESS CURRENT
LIABILITIES

865,162

1,188,884

CAPITAL AND RESERVES
Called up share capital 8 16,100 16,100
Share premium 9 49,600 49,600
Capital redemption reserve 9 4,300 4,300
Retained earnings 9 795,162 1,118,884
SHAREHOLDERS' FUNDS 865,162 1,188,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

BOWDRAPER LIMITED (REGISTERED NUMBER: 01344739)

ABRIDGED BALANCE SHEET - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:





P Lewis - Director


BOWDRAPER LIMITED (REGISTERED NUMBER: 01344739)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Bowdraper Limited 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.

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.

The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Preparation of consolidated financial statements
The financial statements contain information about Bowdraper Limited 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 comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

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.

Vehicle registration plates are being amortised evenly over their estimated useful life of twenty five years.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 10 years
Plant and machinery - 20% on cost
Furniture and equipment - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

BOWDRAPER LIMITED (REGISTERED NUMBER: 01344739)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

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 that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 499 (2023 - 486 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 6,021
Additions 3,192
At 31 December 2024 9,213
AMORTISATION
At 1 January 2024 1,987
Amortisation for year 2,753
At 31 December 2024 4,740
NET BOOK VALUE

At 31 December 2024 4,473
At 31 December 2023 4,034

BOWDRAPER LIMITED (REGISTERED NUMBER: 01344739)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 418,155
Additions 97,778
Disposals (45,656 )
At 31 December 2024 470,277
DEPRECIATION
At 1 January 2024 221,660
Charge for year 73,795
Eliminated on disposal (39,298 )
At 31 December 2024 256,157
NET BOOK VALUE
At 31 December 2024 214,120
At 31 December 2023 196,495

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2024 105,827
Impairments (105,727 )
At 31 December 2024 100
NET BOOK VALUE
At 31 December 2024 100
At 31 December 2023 105,827

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 39,307 40,038
Between one and five years 6,778 40,038
46,085 80,076

BOWDRAPER LIMITED (REGISTERED NUMBER: 01344739)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
9,050 Ordinary A £1 9,050 9,050
7,043 Ordinary B £1 7,043 7,043
7 Ordinary C £1 7 7
16,100 16,100

Ordinary A shares, Ordinary B shares and Ordinary C shares have equal rights and rank pari passu.

9. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 January 2024 1,118,884 49,600 4,300 1,172,784
Deficit for the year (21,722 ) - - (21,722 )
Dividends (302,000 ) - - (302,000 )
At 31 December 2024 795,162 49,600 4,300 849,062

Retained earnings
Retained earnings represent cumulative retained profits and losses from incorporation.

Share premium
This balance represents the excess paid over the nominal value of the share capital of the company upon issuing the ordinary shares.

Capital redemption reserve
This reserve represents the nominal value of shares re-acquired by the company since incorporation.

10. PENSION COMMITMENTS

The company operates defined contribution pension schemes in respect of certain employees and directors. The schemes and their assets are held by independent managers. The pension charge represents contributions due from the company.

National employment savings trust (NEST)amounted to £27,538 (2023 - £27,041)
Small self administered scheme (SSAS) amounted to £334,000 (2023 - £117,000)

Included within creditors is a balance due to pension providers of £5,049 (2023 - £4,977) representing contributions owed to the funds.

11. RELATED PARTY DISCLOSURES

During the year, the company paid £37,500 (2023 - £37,500) to the Bowdraper pension fund, of which Mr G Lewis and Mr P Lewis are members, in respect of rental for the company's Leamington premises.

12. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.