REGISTERED NUMBER: 04563922 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

BOWLAND TRACTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D R Bland

H E Bland

SECRETARY:

Mrs L M Bland

REGISTERED OFFICE:

Kings Chambers

Queens Cross

High Street

Dudley

West Midlands

DY1 1QT

REGISTERED NUMBER:

04563922 (England and Wales)

ACCOUNTANTS:

Saxon & Co Accountants Ltd

Chartered Certified Accountants

Kings Chambers

Queens Cross

High Street

Dudley

West Midlands

DY1 1QT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

299,102

283,237

299,102

283,237

CURRENT ASSETS

Stocks

1,794,651

1,552,000

Debtors

6

831,085

1,652,023

Cash at bank and in hand

516,052

5,648

3,141,788

3,209,671

CREDITORS

Amounts falling due within one year

7

384,070

728,288

NET CURRENT ASSETS

2,757,718

2,481,383

TOTAL ASSETS LESS CURRENT LIABILITIES

3,056,820

2,764,620

CREDITORS

Amounts falling due after more than one year

8

(68,842

)

(123,362

)

PROVISIONS FOR LIABILITIES

(37,921

)

(39,148

)

NET ASSETS

2,950,057

2,602,110

CAPITAL AND RESERVES

Called up share capital

1

1

Capital redemption reserve

3

3

Retained earnings

2,950,053

2,602,106

SHAREHOLDERS' FUNDS

2,950,057

2,602,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 12 August 2026 and were signed on its behalf by:

D R Bland - Director

H E Bland - Director

1.	STATUTORY INFORMATION

Bowland Tractors Limited 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 2009, is being amortised evenly over its estimated useful life of three 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

2% on cost

Plant & equipment

-

20% on reducing balance

Office equipment

-

25% on reducing balance

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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2025 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2025

and 28 February 2026

18,000

AMORTISATION

At 1 March 2025

and 28 February 2026

18,000

NET BOOK VALUE

At 28 February 2026

-

At 28 February 2025

-

5.	TANGIBLE FIXED ASSETS

Short

Plant &

Office

Motor

leasehold

equipment

equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 March 2025

71,066

149,568

18,543

306,716

545,893

Additions

-

22,496

2,713

58,750

83,959

Disposals

-

(5,558

)

-

-

(5,558

)

At 28 February 2026

71,066

166,506

21,256

365,466

624,294

DEPRECIATION

At 1 March 2025

9,692

109,269

12,836

130,859

262,656

Charge for year

1,421

9,809

1,875

53,365

66,470

Eliminated on disposal

-

(3,934

)

-

-

(3,934

)

At 28 February 2026

11,113

115,144

14,711

184,224

325,192

NET BOOK VALUE

At 28 February 2026

59,953

51,362

6,545

181,242

299,102

At 28 February 2025

61,374

40,299

5,707

175,857

283,237

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant &

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1 March 2025

26,500

66,499

92,999

Additions

-

58,750

58,750

Transfer to ownership

(26,500

)

-

(26,500

)

At 28 February 2026

-

125,249

125,249

DEPRECIATION

At 1 March 2025

12,932

30,199

43,131

Charge for year

2,714

18,476

21,190

Transfer to ownership

(15,646

)

-

(15,646

)

At 28 February 2026

-

48,675

48,675

NET BOOK VALUE

At 28 February 2026

-

76,574

76,574

At 28 February 2025

13,568

36,300

49,868

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

757,784

1,450,302

Other debtors

73,301

201,721

831,085

1,652,023

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

49,992

87,345

Hire purchase contracts

28,392

20,646

Trade creditors

131,187

342,804

Amounts owed to group undertakings

13,087

106,666

Taxation and social security

151,491

151,023

Other creditors

9,921

19,804

384,070

728,288

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

8,372

58,364

Hire purchase contracts

60,470

64,998

68,842

123,362

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Bland and L Bland.