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REGISTERED NUMBER: 04460640 (England and Wales)

















Bowood Associates Limited

Financial Statements

for the Year Ended 31 August 2024






Bowood Associates Limited (Registered number: 04460640)

Contents of the Financial Statements
for the year ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bowood Associates Limited

Company Information
for the year ended 31 August 2024







DIRECTORS: A W Matthes
A A Hodges





SECRETARY: Mrs C J Matthes





REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX





REGISTERED NUMBER: 04460640 (England and Wales)





ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX

Bowood Associates Limited (Registered number: 04460640)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,525 1,824

CURRENT ASSETS
Stocks 909,412 898,948
Debtors 5 7,563 518
Cash at bank 6,175 2,093
923,150 901,559
CREDITORS
Amounts falling due within one year 6 669,346 650,349
NET CURRENT ASSETS 253,804 251,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,329

253,034

CREDITORS
Amounts falling due after more than one
year

7

(33,077

)

(40,041

)

PROVISIONS FOR LIABILITIES (1,750 ) (415 )
NET ASSETS 227,502 212,578

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 227,402 212,478
SHAREHOLDERS' FUNDS 227,502 212,578

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

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

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 5 May 2025 and were signed on its behalf by:





A W Matthes - Director


Bowood Associates Limited (Registered number: 04460640)

Notes to the Financial Statements
for the year ended 31 August 2024


1. STATUTORY INFORMATION

Bowood Associates 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Bowood Associates Limited (Registered number: 04460640)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


4. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipment Totals
£    £    £   
COST
At 1 September 2023 308 12,372 12,680
Additions 791 8,115 8,906
Disposals - (7,026 ) (7,026 )
At 31 August 2024 1,099 13,461 14,560
DEPRECIATION
At 1 September 2023 225 10,631 10,856
Charge for year 121 1,360 1,481
Eliminated on disposal - (6,302 ) (6,302 )
At 31 August 2024 346 5,689 6,035
NET BOOK VALUE
At 31 August 2024 753 7,772 8,525
At 31 August 2023 83 1,741 1,824

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 7,563 518

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,972 6,969
Taxation and social security 12,909 15,459
Other creditors 649,465 627,921
669,346 650,349

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 33,077 40,041

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 5,189 12,153

8. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company has future operating lease commitments totalling £8,226.