C F Bowles Marine Engineers Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04820673 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

C F BOWLES MARINE ENGINEERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S French

Mrs P French

REGISTERED OFFICE:

Overgang Road

Brixham

United Kingdom

Devon

TQ5 8AR

REGISTERED NUMBER:

04820673 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

Lloyds Bank

Paignton Branch

2 Palace Avenue

Paignton

Devon

TQ3 3ER

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

6,920

7,824

6,920

7,824

CURRENT ASSETS

Stocks

6

4,600

Debtors

7

33,252

20,768

Cash at bank

2,331

840

40,183

26,208

CREDITORS

Amounts falling due within one year

8

33,350

25,138

NET CURRENT ASSETS

6,833

1,070

TOTAL ASSETS LESS CURRENT LIABILITIES

13,753

8,894

CREDITORS

Amounts falling due after more than one
year

9

(750

)

(3,750

)

PROVISIONS FOR LIABILITIES

(1,315

)

(1,487

)

NET ASSETS

11,688

3,657

CAPITAL AND RESERVES

Called up share capital

102

Retained earnings

11,586

3,555

SHAREHOLDERS' FUNDS

11,688

3,657

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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 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 3 October 2025 and were signed on its behalf by:

Mr S French - Director

1.	STATUTORY INFORMATION

C F Bowles Marine Engineers 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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.

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

-

20% on reducing balance

Computer equipment

-

25% on cost

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

90,000

AMORTISATION

At 1 August 2024

and 31 July 2025

90,000

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 1 August 2024

30,515

1,887

32,402

Additions

-

882

Disposals

-

(1,887

)

(1,887

)

At 31 July 2025

30,515

882

31,397

DEPRECIATION

At 1 August 2024

22,691

1,887

24,578

Charge for year

1,565

221

1,786

Eliminated on disposal

-

(1,887

)

(1,887

)

At 31 July 2025

24,256

221

24,477

NET BOOK VALUE

At 31 July 2025

6,259

661

6,920

At 31 July 2024

7,824

-

7,824

6.

STOCKS

2025

2024

£

Stocks

4,600

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

30,359

17,189

Other debtors

30

47

VAT

2,633

3,409

Prepayments

230

123

33,252

20,768

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

13,382

3,000

Trade creditors

5,207

5,312

Tax

9,879

8,100

Directors' current accounts

2,695

6,660

Accrued expenses

2,187

2,066

33,350

25,138

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans - 2-5 years

750

3,750

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2025 and 31 July 2024:

2025

2024

£

Mr S French and Mrs P French

Balance outstanding at start of year

(6,660

)

(12,535

)

Amounts advanced

49,035

50,951

Amounts repaid

(45,070

)

(45,076

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(2,695

)

(6,660

)

Loans are unsecured, interest free and repayable on demand.

11.	GOVERNMENT GUARANTEED LOAN

The bank loan of £3,750 (2024: £6,750) is a COVID-19 Bounce Back Loan, guaranteed by the government. Term runs to October 2026.