Bowsall Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06798358 (England and Wales)

Unaudited Financial Statements

for the Period 1st April 2019 to 31st August 2020

for

Bowsall Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P M Simon

S A Gould

G T Rowson

SECRETARY:

P M Simon

REGISTERED OFFICE:

Bowsall House

3 King Street

Salford

M3 7DG

REGISTERED NUMBER:

06798358 (England and Wales)

ACCOUNTANTS:

Hammond McNulty LLP

Bank House

Market Square

Congleton

Cheshire

CW12 1ET

FIXED ASSETS

Tangible assets

4

-

177

CURRENT ASSETS

Debtors

252

403,700

Cash at bank

222

391,704

474

795,404

CREDITORS

Amounts falling due within one year

-

1,777,399

NET CURRENT ASSETS/(LIABILITIES)

474

(981,995

)

TOTAL ASSETS LESS CURRENT LIABILITIES

474

(981,818

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

472

(981,820

)

SHAREHOLDERS' FUNDS

474

(981,818

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st August 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st August 2020 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31st August 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd February 2021 and were signed on its behalf by:

P M Simon - Director

1.	STATUTORY INFORMATION

Bowsall 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.

The financial statements have been prepared on a break up basis because the company ceased trading in August 2020.

It should however be noted that the break up basis does not materially differ from the going concern basis so the cessation of trade has no effect on the profit for the year or on the Balance Sheet.

The financial statements cover a period of 17 months due to the company ceasing to trade, therefore the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

Preparation of consolidated financial statements

The financial statements contain information about Bowsall 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 amounts receivable for the sale of land, property consultancy and procurement services net of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans, and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being payable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2019

10,238

Disposals

(10,238

)

At 31st August 2020

-

DEPRECIATION

At 1st April 2019

10,061

Eliminated on disposal

(10,061

)

At 31st August 2020

-

NET BOOK VALUE

At 31st August 2020

-

At 31st March 2019

177

5.	RELATED PARTY DISCLOSURES

Management charges were paid to Bowsall Construction Ltd of £166,034 (2019: £Nil) a company that directors P Simon and G Rowson are also directors of.

Balances due to connected companies totalling £980,687 were written off in the period.

6.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.