2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 3,363 900 4,263 1,815 387 2,202 2,061 1,548 xbrli:pure xbrli:shares iso4217:GBP 12537637 2024-04-01 2025-03-31 12537637 2025-03-31 12537637 2024-03-31 12537637 2023-04-01 2024-03-31 12537637 2024-03-31 12537637 2023-03-31 12537637 bus:Director1 2024-04-01 2025-03-31 12537637 core:WithinOneYear 2025-03-31 12537637 core:WithinOneYear 2024-03-31 12537637 core:ShareCapital 2025-03-31 12537637 core:ShareCapital 2024-03-31 12537637 core:RetainedEarningsAccumulatedLosses 2025-03-31 12537637 core:RetainedEarningsAccumulatedLosses 2024-03-31 12537637 bus:SmallEntities 2024-04-01 2025-03-31 12537637 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 12537637 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12537637 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12537637 bus:FullAccounts 2024-04-01 2025-03-31 12537637 core:ComputerEquipment 2024-04-01 2025-03-31 12537637 core:ComputerEquipment 2024-03-31 12537637 core:ComputerEquipment 2025-03-31
COMPANY REGISTRATION NUMBER: 12537637
Bowside7 Limited
Filleted Unaudited Financial Statements
31 March 2025
Bowside7 Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
5
2,061
1,548
Current assets
Debtors
6
2,475
6,895
Cash at bank and in hand
16,175
4,974
--------
--------
18,650
11,869
Creditors: amounts falling due within one year
7
2,853
2,366
--------
--------
Net current assets
15,797
9,503
--------
--------
Total assets less current liabilities
17,858
11,051
--------
--------
Net assets
17,858
11,051
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
17,758
10,951
--------
--------
Shareholders funds
17,858
11,051
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Bowside7 Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 16 April 2025 , and are signed on behalf of the board by:
Mr S Lyon
Director
Company registration number: 12537637
Bowside7 Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Prestwick Road, Great Denham, Bedford, MK40 4FH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
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
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets
Equipment
£
Cost
At 1 April 2024
3,363
Additions
900
-------
At 31 March 2025
4,263
-------
Depreciation
At 1 April 2024
1,815
Charge for the year
387
-------
At 31 March 2025
2,202
-------
Carrying amount
At 31 March 2025
2,061
-------
At 31 March 2024
1,548
-------
6. Debtors
2025
2024
£
£
Trade debtors
2,126
6,551
Other debtors
349
344
-------
-------
2,475
6,895
-------
-------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
2,104
1,382
Other creditors
749
984
-------
-------
2,853
2,366
-------
-------