Hedley Bowling Ltd 30/12/2024 iXBRL

Company registration number: 06024705

Hedley Bowling Ltd

Unaudited filleted financial statements

30 December 2024

Hedley Bowling Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Hedley Bowling Ltd

Directors and other information


	Directors	R. G. Hedley
		G. W. Bowling


	Secretary	G. W. Bowling


	Company number	06024705


	Registered office	246 Park View
		Whitley Bay
		Tyne and Wear
		NE26 3QX


	Business address	Bamburgh Court
		Team Valley
		Gateshead
		NE11 0TX


	Accountants	Harrison Hutchinson Limited
		246 Park View
		Whitley Bay
		Tyne and Wear
		NE26 3QX




	Solicitors	Ward Hadaway
		Sandgate House
		102 Quayside
		Newcastle upon Tyne
		NE1 3DX

Hedley Bowling Ltd

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Hedley Bowling Ltd

Year ended 30th December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hedley Bowling Ltd for the year ended 30th December 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Hedley Bowling Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Hedley Bowling Ltd and state those matters that we have agreed to state to the board of directors of Hedley Bowling Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hedley Bowling Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Hedley Bowling Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hedley Bowling Ltd. You consider that Hedley Bowling Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hedley Bowling Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Harrison Hutchinson Limited

Chartered Accountants

246 Park View

Whitley Bay

Tyne and Wear

NE26 3QX

Hedley Bowling Ltd

Statement of financial position

30th December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	187,795		226,672
		_______		_______
			187,795		226,672

Current assets
Stocks		26,623		24,173
Debtors	7	282,860		323,323
Cash at bank and in hand		217,533		192,509
		_______		_______
		527,016		540,005
Creditors: amounts falling due
within one year	8	( 769,591)		( 765,708)
		_______		_______
Net current liabilities			( 242,575)		( 225,703)
			_______		_______
Total assets less current liabilities			( 54,780)		969

			_______		_______
Net (liabilities)/assets			( 54,780)		969
			_______		_______

Capital and reserves
Called up share capital			60,022		60,022
Revaluation reserve			144,447		144,447
Profit and loss account			( 259,249)		( 203,500)
			_______		_______
Shareholders (deficit)/funds			( 54,780)		969
			_______		_______

For the year ending 30 December 2024 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.

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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

R. G. Hedley

Director

Company registration number: 06024705

Hedley Bowling Ltd

Statement of changes in equity

Year ended 30th December 2024

	Called up share capital	Revaluation reserve	Profit and loss account	Total
	£	£	£	£


At 31st December 2022	60,022	144,447	( 204,402)	67

Profit for the year			140,215	140,215
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	140,215	140,215

Dividends paid and payable			( 114,663)	( 114,663)
Redemption of shares	-		( 24,650)	( 24,650)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 139,313)	( 139,313)

	_______	_______	_______	_______
At 30th December 2023 and 31st December 2023	60,022	144,447	( 203,500)	969

Profit for the year			135,868	135,868
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	135,868	135,868

Dividends paid and payable			( 179,785)	( 179,785)
Redemption of shares	-		( 11,832)	( 11,832)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 191,617)	( 191,617)

	_______	_______	_______	_______
At 30th December 2024	60,022	144,447	( 259,249)	( 54,780)
	_______	_______	_______	_______

Hedley Bowling Ltd

Notes to the financial statements

Year ended 30th December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 246 Park View, Whitley Bay, Tyne and Wear, NE26 3QX.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.

Turnover

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.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Website	-	10 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves 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:


Fittings fixtures and equipment	-	15 %	straight line
Motor vehicles	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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 stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company 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. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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 in finance costs 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 24 (2023: 25 ).

5. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 31st December 2023 and 30th December 2024	7,992	7,992
	_______	_______
Amortisation
At 31st December 2023 and 30th December 2024	7,992	7,992
	_______	_______
Carrying amount
At 30th December 2024	-	-
	_______	_______
At 30th December 2023	-	-
	_______	_______

6. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 31st December 2023	689,740	9,583	699,323
Additions	10,832	-	10,832
Disposals	( 69,084)	( 9,583)	( 78,667)
	_______	_______	_______
At 30th December 2024	631,488	-	631,488
	_______	_______	_______
Depreciation
At 31st December 2023	463,068	9,583	472,651
Charge for the year	47,934	-	47,934
Disposals	( 67,309)	( 9,583)	( 76,892)
	_______	_______	_______
At 30th December 2024	443,693	-	443,693
	_______	_______	_______
Carrying amount
At 30th December 2024	187,795	-	187,795
	_______	_______	_______
At 30th December 2023	226,672	-	226,672
	_______	_______	_______

7. Debtors

	2024	2023
	£	£
Trade debtors	47,862	61,815
Other debtors	234,998	261,508
	_______	_______
	282,860	323,323
	_______	_______

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	15,617	43,466
Corporation tax	57,898	54,586
Social security and other taxes	81,230	68,500
Other creditors	614,846	599,156
	_______	_______
	769,591	765,708
	_______	_______

9. Controlling party

In the opinion of the directors, there was no overall controlling party.