REGISTERED NUMBER: 00432419 (England and Wales)

E W BOWSER & SON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

10

DIRECTORS:

R E S Bowser

N R Bowser

REGISTERED OFFICE:

The Estate Office

Lusby Road

Hareby

Spilsby

Lincs

PE23 4HT

REGISTERED NUMBER:

00432419 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

5 Resolution Close

Endeavour Park

Boston

Lincolnshire

PE21 7TT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

11,336,848

11,576,937

Investments

6

34,607

32,002

11,371,455

11,608,939

CURRENT ASSETS

Valuation

679,517

777,931

Debtors

7

505,084

852,904

Cash at bank and in hand

547,125

8

1,731,726

1,630,843

CREDITORS

Amounts falling due within one year

8

3,863,280

3,812,449

NET CURRENT LIABILITIES

(2,131,554

)

(2,181,606

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,239,901

9,427,333

CREDITORS

Amounts falling due after more than one year

9

(1,969,601

)

(2,173,124

)

PROVISIONS FOR LIABILITIES

(417,012

)

(415,231

)

NET ASSETS

6,853,288

6,838,978

CAPITAL AND RESERVES

Called up share capital

13

76,535

76,535

Other reserves

16,532

16,532

Retained earnings

6,760,221

6,745,911

SHAREHOLDERS' FUNDS

6,853,288

6,838,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 the Board of Directors and authorised for issue on 2 September 2026 and were signed on its behalf by:

N R Bowser - Director

1.	STATUTORY INFORMATION

E W Bowser & Son 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.

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net sales of produce, services and government grants excluding value added tax and is recognised on despatch or in the period to which it relates.

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.

Basic payment scheme entitlements are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the term of the lease, whichever is the shorter.

Land

-

not depreciated

Freehold property

-

straight line over 20 years

Plant and machinery etc

-

10% to 25% reducing balance, straight line over 20 years

Valuation

The valuation has been prepared by independent valuers at the lower of cost and estimated selling price less costs to sell.

Biological assets, living plants are included at the lower of cost and estimated selling price less costs to sell.

Financial instruments

The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 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 obtained under hire purchase or finance leases are capitalised in the statement of financial position. 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 shorter.

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

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

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.

Investments

Quoted fixed asset investments are stated at their fair value with any movement being recognised in the income statement.

Unquoted fixed asset investments are stated at cost less provision for any permanent diminution in value.

Government grants

Government grants, including delinked payments, stewardship schemes and sustainable farming incentives, are recognised in the financial statements in accordance with current H M Revenue & Customs guidance.

Deferred government grants

Deferred government grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the assets to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2025 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2025

198,958

Disposals

(198,958

)

At 31 March 2026

-

AMORTISATION

At 1 April 2025

198,958

Eliminated on disposal

(198,958

)

At 31 March 2026

-

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

10,090,081

3,605,785

13,695,866

Additions

-

488,500

488,500

Disposals

(250,000

)

(444,022

)

(694,022

)

At 31 March 2026

9,840,081

3,650,263

13,490,344

DEPRECIATION

At 1 April 2025

157,567

1,961,362

2,118,929

Charge for year

14,581

364,452

379,033

Eliminated on disposal

-

(344,466

)

(344,466

)

At 31 March 2026

172,148

1,981,348

2,153,496

NET BOOK VALUE

At 31 March 2026

9,667,933

1,668,915

11,336,848

At 31 March 2025

9,932,514

1,644,423

11,576,937

Included in cost of land and buildings is freehold land of £ 9,468,687 (2025 - £ 9,718,687 ) which is not depreciated.

The net book value of tangible fixed assets includes £ 857,104 (2025 - £ 754,189 ) in respect of assets held under hire purchase contracts.

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2025

32,002

Revaluations

2,605

At 31 March 2026

34,607

NET BOOK VALUE

At 31 March 2026

34,607

At 31 March 2025

32,002

Cost or valuation at 31 March 2026 is represented by:

Other

investments

£

Valuation in 2026

34,607

If investments had not been revalued they would have been included at the following historical cost:

2026

2025

£

£

Cost

7,000

7,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

27,830

282,587

Other debtors

477,254

570,317

505,084

852,904

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 10)

-

42,196

Hire purchase contracts (see note 11)

125,848

157,509

Trade creditors

106,872

138,977

Taxation and social security

49,702

15,192

Other creditors

3,580,858

3,458,575

3,863,280

3,812,449

During 2024 preference shares with a value of £2,000,000 were issued at par with the corresponding liability included within other creditors.

Dividends are payable at a fixed rate of 1% on the redeemable preference shares.

The company and each holder of redeemable preference shares have the right to redeem all or any of the redeemable preference shares at six monthly intervals providing six months notice has been given.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 10)

1,750,000

2,000,000

Hire purchase contracts (see note 11)

213,339

165,297

Other creditors

6,262

7,827

1,969,601

2,173,124

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

1,750,000

2,000,000

10.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

42,196

Preference shares

2,000,000

2,000,000

2,000,000

2,042,196

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

1,750,000

2,000,000

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

125,848

157,509

Between one and five years

213,339

165,297

339,187

322,806

Non-cancellable

operating leases

2026

2025

£

£

Within one year

16,561

16,561

Between one and five years

-

16,561

16,561

33,122

12.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank overdraft

-

42,196

Bank loans

1,750,000

2,000,000

Hire purchase contracts

339,187

322,806

2,089,187

2,365,002

Hire purchase liabilities are secured by the assets to which they relate.

The bank overdraft and bank loan are secured on company assets and a cross guarantee that is in place with R E S Bowser Ltd.

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

76,535

Ordinary

£1

76,535

76,535