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REGISTERED NUMBER: 06706871 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Bowe Dairy Farming Company Limited

Bowe Dairy Farming Company Limited (Registered number: 06706871)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bowe Dairy Farming Company Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr G M Bowe
Mrs D Bowe





REGISTERED OFFICE: Wiza House
Station Road
Wigton
Cumbria
CA7 9BA





REGISTERED NUMBER: 06706871 (England and Wales)





ACCOUNTANTS: Benson Accountants
Wiza House
Station Road
Wigton
Cumbria
CA7 9BA

Bowe Dairy Farming Company Limited (Registered number: 06706871)

Balance Sheet
30 September 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,597,134 4,073,133
Investments 6 40,000 40,000
4,637,134 4,113,133

CURRENT ASSETS
Stocks 7 1,385,643 1,229,238
Debtors 8 476,195 332,911
1,861,838 1,562,149
CREDITORS
Amounts falling due within one year 9 1,605,760 1,188,914
NET CURRENT ASSETS 256,078 373,235
TOTAL ASSETS LESS CURRENT LIABILITIES 4,893,212 4,486,368

CREDITORS
Amounts falling due after more than one
year

10

(3,135,574

)

(2,645,574

)

PROVISIONS FOR LIABILITIES (487,828 ) (278,131 )
NET ASSETS 1,269,810 1,562,663

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,269,710 1,562,563
SHAREHOLDERS' FUNDS 1,269,810 1,562,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Bowe Dairy Farming Company Limited (Registered number: 06706871)

Balance Sheet - continued
30 September 2024


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

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 17 March 2025 and were signed on its behalf by:




Mr G M Bowe - Director



Mrs D Bowe - Director


Bowe Dairy Farming Company Limited (Registered number: 06706871)

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

1. STATUTORY INFORMATION

Bowe Dairy Farming Company 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

BPS entitlements are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on reducing balance
Plant and machinery - 20% on reducing balance

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

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Bowe Dairy Farming Company Limited (Registered number: 06706871)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Herd basis
The animals comprised in the production herd are valued at cost, with replacements valued at original cost of the animals they replace. Additional animals are valued at cost when transferred to the herd.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
BPS
entitlements
£   
COST
At 1 October 2023
and 30 September 2024 81,520
AMORTISATION
At 1 October 2023
and 30 September 2024 81,520
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

Bowe Dairy Farming Company Limited (Registered number: 06706871)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery Totals
£    £    £    £   
COST
At 1 October 2023 2,803,903 225,582 2,399,175 5,428,660
Additions - 165,044 788,033 953,077
Disposals - - (58,000 ) (58,000 )
At 30 September 2024 2,803,903 390,626 3,129,208 6,323,737
DEPRECIATION
At 1 October 2023 - 84,741 1,270,786 1,355,527
Charge for year - 30,588 379,483 410,071
Eliminated on disposal - - (38,995 ) (38,995 )
At 30 September 2024 - 115,329 1,611,274 1,726,603
NET BOOK VALUE
At 30 September 2024 2,803,903 275,297 1,517,934 4,597,134
At 30 September 2023 2,803,903 140,841 1,128,389 4,073,133

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 October 2023 609,975
Additions 92,770
Transfer to ownership (49,600 )
Reclassification/transfer 55,174
At 30 September 2024 708,319
DEPRECIATION
At 1 October 2023 347,609
Charge for year 88,493
Transfer to ownership (24,205 )
Reclassification/transfer (57,550 )
At 30 September 2024 354,347
NET BOOK VALUE
At 30 September 2024 353,972
At 30 September 2023 262,366

Bowe Dairy Farming Company Limited (Registered number: 06706871)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 40,000
NET BOOK VALUE
At 30 September 2024 40,000
At 30 September 2023 40,000

7. STOCKS
30/9/24 30/9/23
£    £   
Stocks 1,385,643 1,229,238

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 312,138 244,803
Other debtors 164,057 88,108
476,195 332,911

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Bank loans and overdrafts 422,516 395,260
Hire purchase contracts 154,256 138,358
Trade creditors 994,826 566,949
Taxation and social security 4,199 68,602
Other creditors 29,963 19,745
1,605,760 1,188,914

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/9/24 30/9/23
£    £   
Bank loans 3,065,133 2,498,212
Hire purchase contracts 70,441 147,362
3,135,574 2,645,574

Bowe Dairy Farming Company Limited (Registered number: 06706871)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

30/9/24 30/9/23
£    £   
Bank overdrafts 269,710 251,908
Bank loans 3,217,939 2,641,564
Hire purchase contracts 224,697 285,720
3,712,346 3,179,192

12. RELATED PARTY DISCLOSURES

The company was under the control of its directors, Mr G M Bowe and Mrs D Bowe, throughout the current and previous period.

At 1 October 2023, the company had a loan with the directors, amounting to £9,581 (2022 - £86,417). During the year, advances of £46,805 (2023 - £171,516) and repayments of £58,127 (2023 - £94,680) were made. At 30 September 2024, the company owed the directors £20,903 (2023 - £9,581).