Bowson Leeway Homes Limited - Accounts to registrar (filleted) - small 18.2

BOWSON LEEWAY HOMES LIMITED - Company Information

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REGISTERED NUMBER: 07890047 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2018 TO 30 SEPTEMBER 2018

FOR

BOWSON LEEWAY HOMES LIMITED

Page

Company Information

Balance Sheet

Notes to the Financial Statements

DIRECTORS:

O L Wigg

B L Wigg

REGISTERED OFFICE:

11 Brookfield Road

Sawston

Cambridgeshire

CB22 3EH

REGISTERED NUMBER:

07890047 (England and Wales)

ACCOUNTANTS:

Thompson Taraz Rand

Chartered Accountants

10 Jesus Lane

Cambridge

Cambridgeshire

CB5 8BA

FIXED ASSETS

Tangible assets

4,964

11,334

Investments

100

5,064

11,434

CURRENT ASSETS

Stocks

415,042

3,437,734

Debtors

386,067

711,629

Cash at bank

187,471

10,407

988,580

4,159,770

CREDITORS

Amounts falling due within one year

(497,514

)

(4,298,123

)

NET CURRENT ASSETS/(LIABILITIES)

491,066

(138,353

)

TOTAL ASSETS LESS CURRENT LIABILITIES

496,130

(126,919

)

CREDITORS

Amounts falling due after more than one
year

(1,085,042

)

(10,747

)

PROVISIONS FOR LIABILITIES

(2,267

)

(2,267

)

NET LIABILITIES

(591,179

)

(139,933

)

CAPITAL AND RESERVES

Called up share capital

Retained earnings

(591,181

)

(139,935

)

SHAREHOLDERS' FUNDS

(591,179

)

(139,933

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2018 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 25 October 2019 and were signed on its behalf
by:

O L Wigg - Director

1.	STATUTORY INFORMATION

Bowson Leeway Homes 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the balance sheet date current liabilities exceeded current assets by £591,179 (2017: £139,933). The

financial statements have been prepared on a going concern basis as the company directors remain confident

that profitable projects will be introduced to the company.

Preparation of consolidated financial statements

The financial statements contain information about Bowson Leeway Homes Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company is exempt under

Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial

statements.

Turnover

Turnover represents property sales and renovation work, excluding value added tax.

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.

Plant and machinery etc

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks and work in progress are valued at the lower of cost and net realiasble value.

Costs include all purchases and handling costs in bringing the development to their present condition

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2017 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

COST

At 1 January 2018

111,916

Additions

4,264

At 30 September 2018

116,180

DEPRECIATION

At 1 January 2018

100,582

Charge for period

10,634

At 30 September 2018

111,216

NET BOOK VALUE

At 30 September 2018

4,964

At 31 December 2017

11,334

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

Plant and

machinery

etc

COST

Reclassification/transfer

48,834

At 30 September 2018

48,834

DEPRECIATION

Charge for period

3,051

Reclassification/transfer

45,782

At 30 September 2018

48,833

NET BOOK VALUE

At 30 September 2018

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

COST

At 1 January 2018

and 30 September 2018

100

NET BOOK VALUE

At 30 September 2018

100

At 31 December 2017

100

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

Trade debtors

2,339

5,297

Other debtors

383,728

706,332

386,067

711,629

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

Bank loans and overdrafts

25,823

Hire purchase contracts

9,607

6,193

Trade creditors

51,648

31,638

Amounts owed to associates

100

Taxation and social security

15,426

5,979

Other creditors

420,733

4,228,390

497,514

4,298,123

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

Hire purchase contracts

10,747

Other creditors

1,085,042

10,747

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

Ordinary

£1