REGISTERED NUMBER: 06092452 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

J BOWLING & SON LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R J Bowling

Mrs V A Bowling

Richard J Bowling

SECRETARY:

Mrs V A Bowling

REGISTERED OFFICE:

Crompton Farm

York Road

Haxby

York

North Yorkshire

YO32 3HN

REGISTERED NUMBER:

06092452 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

2,037,200

1,194,055

2,037,200

1,194,055

CURRENT ASSETS

Inventories

960,405

736,722

Debtors

6

80,531

212,351

Prepayments and accrued income

7,171

5,488

1,048,107

954,561

CREDITORS

Amounts falling due within one year

7

1,408,610

915,628

NET CURRENT (LIABILITIES)/ASSETS

(360,503

)

38,933

TOTAL ASSETS LESS CURRENT LIABILITIES

1,676,697

1,232,988

CREDITORS

Amounts falling due after more than one year

8

(850,076

)

(422,261

)

PROVISIONS FOR LIABILITIES

(129,846

)

(110,570

)

NET ASSETS

696,775

700,157

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

696,772

700,154

SHAREHOLDERS' FUNDS

696,775

700,157

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 10 November 2025 and were signed on its behalf by:

Mrs V A Bowling - Director

1.	STATUTORY INFORMATION

J Bowling & Son 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The accounts have been prepared on a going concern basis on the strength of confirmation from the directors that they will continue to provide financial support by not seeking repayment of loan accounts due until other creditors have been paid in full.

Critical accounting judgements and key sources of estimation uncertainty

No significant judgements have had to be made by management in preparing these financial statements.

Turnover

Revenue 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.

Land & buildings

-

4% on cost excluding land and Land - 0%

Improvements to property

-

4% on cost and not provided

Plant and machinery

-

25% on reducing balance and 10% on cost

Tractors & Combine

-

5% on reducing balance

Office equipment

-

33% on reducing balance and 25% on reducing balance

Inventories

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

Biological assets, agricultural produce and other inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 acquired under finance lease agreements, including hire purchase agreements, are capitalised and the corresponding liability is included in creditors. Finance lease interest is charged to the profit and loss account on a straight line basis over the period of the agreement. Operating lease rentals are charged against profits of the period to which they relate.

Pension costs and other post-retirement benefits

Payments to defined contribution pension schemes are charged as an expense in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

BPS

Entitlements

£

COST

At 1 April 2024

2,266

Disposals

(2,266

)

At 31 March 2025

-

AMORTISATION

At 1 April 2024

2,266

Eliminated on disposal

(2,266

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Land &

to

Plant and

buildings

property

machinery

£

£

£

COST

At 1 April 2024

635,189

185,167

394,013

Additions

766,626

-

72,250

Disposals

-

-

-

At 31 March 2025

1,401,815

185,167

466,263

DEPRECIATION

At 1 April 2024

44,604

26,316

257,983

Charge for year

4,956

4,839

52,034

Eliminated on disposal

-

-

-

At 31 March 2025

49,560

31,155

310,017

NET BOOK VALUE

At 31 March 2025

1,352,255

154,012

156,246

At 31 March 2024

590,585

158,851

136,030

Tractors

Office

& Combine

equipment

Totals

£

£

£

COST

At 1 April 2024

398,876

1,131

1,614,376

Additions

164,400

523

1,003,799

Disposals

(102,000

)

-

(102,000

)

At 31 March 2025

461,276

1,654

2,516,175

DEPRECIATION

At 1 April 2024

90,375

1,043

420,321

Charge for year

19,699

201

81,729

Eliminated on disposal

(23,075

)

-

(23,075

)

At 31 March 2025

86,999

1,244

478,975

NET BOOK VALUE

At 31 March 2025

374,277

410

2,037,200

At 31 March 2024

308,501

88

1,194,055

The net book value of property, plant and equipment includes £ 156,180 (2024 - £ 176,974 ) in respect of assets held under hire purchase contracts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

50,611

208,944

Other debtors

29,920

3,407

80,531

212,351

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

443,488

163,625

Hire purchase contracts

32,125

38,950

Trade creditors

151,284

136,362

Taxation and social security

2,003

37,729

Other creditors

779,710

538,962

1,408,610

915,628

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

764,409

397,761

Hire purchase contracts

85,667

24,500

850,076

422,261

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

400,305

108,401

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

880,978

472,401

The loans in respect of the hire purchase agreements are secured against the assets to which they relate.

Bank loans includes a Government secured Bounce Back Loan £12,237 (£22,440 - 2024).

A fixed and floating charge containing a negative pledge is held over all the property and undertakings of the company.