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COMPANY REGISTRATION NUMBER: 03989495
Bury Bowl Limited
Unaudited financial statements
For the year ended
31 January 2025
Bury Bowl Limited
Statement of financial position
31 January 2025
2025
2024
Note
£
£
£
£
Fixed assets
Tangible assets
5
130,623
150,936
Current assets
Stocks
14,367
15,330
Debtors
6
27,182
157,547
Cash at bank and in hand
442,044
169,562
---------
---------
483,593
342,439
Creditors: amounts falling due within one year
7
( 199,170)
( 198,609)
---------
---------
Net current assets
284,423
143,830
---------
---------
Total assets less current liabilities
415,046
294,766
Provisions
Taxation including deferred tax
( 30,813)
( 30,908)
---------
---------
Net assets
384,233
263,858
---------
---------
Capital and reserves
Called up share capital
50,000
50,000
Profit and loss account
334,233
213,858
---------
---------
Shareholder funds
384,233
263,858
---------
---------
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 income statement has not been delivered.
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has 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 .
Bury Bowl Limited
Statement of financial position (continued)
31 January 2025
These financial statements were approved by the board of directors and authorised for issue on 22 August 2025 , and are signed on behalf of the board by:
Mr P L E Baxter
Director
Company registration number: 03989495
Bury Bowl Limited
Notes to the financial statements
Year ended 31 January 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 Sixty Six, North Quay, Great Yarmouth, Norfolk, United Kingdom, NR30 1HE. The trading address of the company is Unit C1, Autopark Industrial Estate, Bury St Edmunds, IP33 1YQ.
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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
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. 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.
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.
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Leasehold property
-
10% Straight line
Fixtures and fittings
-
15% Straight line
Motor Vehicles
-
15% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Employee numbers
The average number of employees during the year was 32 (2024: 31 ).
5. Tangible assets
Leasehold Property Improvements
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 February 2024
54,219
436,766
21,658
512,643
Additions
19,120
19,120
-------
---------
-------
---------
At 31 January 2025
54,219
455,886
21,658
531,763
-------
---------
-------
---------
Depreciation
At 1 February 2024
45,670
313,601
2,436
361,707
Charge for the year
1,179
35,371
2,883
39,433
-------
---------
-------
---------
At 31 January 2025
46,849
348,972
5,319
401,140
-------
---------
-------
---------
Carrying amount
At 31 January 2025
7,370
106,914
16,339
130,623
-------
---------
-------
---------
At 31 January 2024
8,549
123,165
19,222
150,936
-------
---------
-------
---------
6. Debtors
2025
2024
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
150,000
Other debtors
27,182
7,547
-------
---------
27,182
157,547
-------
---------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
16,007
30,985
Amounts owed to group undertakings and undertakings in which the company has a participating interest
25,149
275
Social security and other taxes
145,778
142,013
Other creditors
12,236
25,336
---------
---------
199,170
198,609
---------
---------