Peter Bowman Towing Centre Ltd

Registered number

09892361

Filleted Abridged Accounts

31 December 2025

Aspect Accounting Ltd

47 Knowsley Street

Bury

Lancashire

BL9 0ST

Peter Bowman Towing Centre Ltd
Registered number:		09892361
Abridged Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		22,718			30,292

Current assets
Stocks		79,522			89,392
Debtors		38,128			58,654
Cash at bank and in hand		109,391			128,081
		227,041			276,127

Creditors: amounts falling due within one year		(182,179)			(214,364)

Net current assets			44,862			61,763

Total assets less current liabilities			67,580			92,055

Creditors: amounts falling due after more than one year			-			(2,221)

Provisions for liabilities			(5,078)			(6,517)


Net assets			62,502			83,317

Capital and reserves
Called up share capital			100			100
Profit and loss account			62,402			83,217

Shareholders' funds			62,502			83,317

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.




Mr B Glover
Director
Approved by the board on 28 April 2026

Peter Bowman Towing Centre Ltd
Notes to the Abridged Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

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

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
	Motor Vehicles	25% reducing balance
	Plant and machinery	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		7		7


3	Intangible fixed assets				£
	Goodwill:

	Cost
	Additions				10,000
	At 31 December 2025				10,000

	Amortisation
	Provided during the year				10,000
	At 31 December 2025				10,000

	Net book value
	At 31 December 2025				-

	Goodwill has been written off over a 4 year period.


4	Tangible fixed assets
					Total
£
	Cost
	At 1 January 2025				44,425
	Additions				48,886
	At 31 December 2025				93,311

	Depreciation
	At 1 January 2025				14,133
	Charge for the year				56,460
	At 31 December 2025				70,593

	Net book value
	At 31 December 2025				22,718
	At 31 December 2024				30,292


5	Other information

	Peter Bowman Towing Centre Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	151 The Rock
	Bury
	Lancashire
	BL9 0ND