REGISTERED NUMBER: 05021652 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BOWMILL METAL TREATMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D A Boucher

S Vivian

REGISTERED OFFICE:

18-30 Morris Road

Nuffield

Poole

Dorset

BH17 0GG

REGISTERED NUMBER:

05021652 (England and Wales)

SENIOR STATUTORY AUDITOR:

Andrew A Clark FCA

AUDITORS:

Carter & Coley Limited

Chartered Accountants and Statutory Auditor

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

FIXED ASSETS

Tangible assets

4

539,697

564,610

CURRENT ASSETS

Stocks

105,789

75,748

Debtors

5

2,887,283

1,550,778

Cash at bank and in hand

3,573

344,466

2,996,645

1,970,992

CREDITORS

Amounts falling due within one year

6

1,560,187

850,191

NET CURRENT ASSETS

1,436,458

1,120,801

TOTAL ASSETS LESS CURRENT LIABILITIES

1,976,155

1,685,411

CREDITORS

Amounts falling due after more than one year

7

(46,364

)

(38,550

)

PROVISIONS FOR LIABILITIES

9

(111,181

)

(112,800

)

NET ASSETS

1,818,610

1,534,061

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,818,608

1,534,059

SHAREHOLDERS' FUNDS

1,818,610

1,534,061

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

D A Boucher - Director

1.	STATUTORY INFORMATION

Bowmill Metal Treatments Ltd 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.

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 other group members.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

in accordance with the term of the lease

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Fixed assets are initially recognised at cost.

Stocks

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

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 Statement of Income and Retained Earnings, 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.

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.

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.

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 Balance Sheet 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 in finance costs in profit or loss in the period it arises.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2023 - 41 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

59,800

2,203,354

142,092

9,995

2,415,241

Additions

-

42,407

24,383

-

66,790

At 31 December 2024

59,800

2,245,761

166,475

9,995

2,482,031

DEPRECIATION

At 1 January 2024

26,300

1,698,132

116,798

9,401

1,850,631

Charge for year

3,614

79,282

8,659

148

91,703

At 31 December 2024

29,914

1,777,414

125,457

9,549

1,942,334

NET BOOK VALUE

At 31 December 2024

29,886

468,347

41,018

446

539,697

At 31 December 2023

33,500

505,222

25,294

594

564,610

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2024

98,205

-

98,205

Additions

15,791

16,595

32,386

Transfer to ownership

(41,636

)

-

(41,636

)

At 31 December 2024

72,360

16,595

88,955

DEPRECIATION

At 1 January 2024

24,218

-

24,218

Charge for year

10,784

346

11,130

Transfer to ownership

(21,788

)

-

(21,788

)

At 31 December 2024

13,214

346

13,560

NET BOOK VALUE

At 31 December 2024

59,146

16,249

75,395

At 31 December 2023

73,987

-

73,987

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

873,916

520,166

Amounts owed by group undertakings

1,945,431

976,315

Prepayments and accrued income

67,936

54,297

2,887,283

1,550,778

Included under trade debtors are debts amounting to £851,254 (2023 £304,705) subject to debt financing.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

22,324

18,367

Trade creditors

119,610

230,693

Corporation tax

153,507

-

Social security and other taxes

47,530

42,221

VAT

280,250

140,807

Other creditors

12,829

11,073

Advance re debt financing

800,110

312,874

Accruals and deferred income

124,027

94,156

1,560,187

850,191

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

46,364

38,550

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

68,688

56,917

Debt financing

800,110

312,874

868,798

369,791

There is a Debenture including a fixed charge over all present freehold and leasehold property; a first fixed charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and a first floating charge over all assets and undertakings, both present and future.

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

111,181

112,800

Deferred

tax

£

Balance at 1 January 2024

112,800

Credit to Statement of Income and Retained Earnings during year

(1,619

)

Balance at 31 December 2024

111,181

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew A Clark FCA (Senior Statutory Auditor)

for and on behalf of Carter & Coley Limited

11.	OTHER FINANCIAL COMMITMENTS

The company has given an unlimited guarantee in respect of any bank borrowings by its parent company. This guarantee is not expected to give rise to any loss. The total amount guaranteed at the balance sheet date was £1,708,152 (2023 £3,059,936).

12.	ULTIMATE PARENT COMPANY

In the opinion of the directors, Bowmill Engineering Ltd, a company registered in England and Wales with company number 00981453 was the company's ultimate parent company throughout the current and previous period.