1.
General Information
BowlsWales
is a private company, limited by guarantee, incorporated in England & Wales, registered number
10838128
. The registered office is Sport Wales National Centre, Sophia Gardens, Cardiff, CF11 9SW.
The presentation currency of the financial statements is the Pound Sterling (£).
Monetary amounts in these financial statements are rounded to the nearest £.
The company is a public benefit entity.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Going Concern Disclosure
The company has adequate resources to continue in operational existence for the foreseeable future. As there are
no uncertainties about its ability to continue as a going concern, the directors continue to adopt the going concern
basis of accounting in preparing the financial statements.
2.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.
Turnover comprises grants and sundry income.
Income is recognised to the extent that it is probable that the economic benefits will flow to the company and the
income can be reliably measured. Income is measured as the fair value of the consideration received or
receivable, excluding discounts, rebates, value added tax and other sales taxes.
The following criteria must also be met before income is recognised:
Grants are not recognised in the Income Statement until there is reasonable assurance that the company will
comply with the conditions attaching to them and the grants will be received. Grants are measured at the fair
value of the asset received or receivable.
Grants that do not impose specified future performance-related conditions on the company are recognised in
income when the grant proceeds are received or receivable. Grants that imposes specified future
performance-related conditions on the company are recognised in income only when the performance-related
conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a
liability.
Where a grant becomes repayable it is recognised as a liability when the repayment meets the definition of a
liability.
Any grant aid in kind is not included in turnover.
2.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life:
Computer equipment - 33% on cost
| Plant & Machinery etc |
|
| Computer Equipment |
|
BowlsWales
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
2.5.
Financial Instruments
The company only enters into basic financial instruments, transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.
Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment.
Cash and cash equivalents comprise cash at bank and in hand.
Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.
2.6.
Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.
2.7.
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 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.
Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
4.
Tangible Assets
| Plant & Machinery etc | |
|---|---|
| £ | |
| Cost | |
| As at 1 April 2025 |
|
| As at 31 March 2026 |
|
...CONTINUED
BowlsWales
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
| Depreciation | |
| As at 1 April 2025 |
|
| Provided during the period |
|
| As at 31 March 2026 |
|
| Net Book Value | |
| As at 31 March 2026 |
|
| As at 1 April 2025 |
|
5.
Debtors
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Other debtors | 16,316 | 204 | |
6.
Creditors: Amounts Falling Due Within One Year
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors | 13,364 | 32,416 | |
| Taxation and social security |
|
|
|
|
|
|
||
Other creditors includes income received from Sport Wales deferred to the following financial year as follows:
|
2026
|
2025
|
||
|
£
|
£
|
||
|
Deferred income brought forward
|
31,578
|
-
|
|
|
Amounts received during the year
|
189,475
|
195,691
|
|
|
Amounts released to the Income and Expenditure Account during the year
|
(209,053)
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
(164,113)
|
|
|
Deferred income carried forward
|
12,000
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
31,578
|
7.
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.