Accounts

BOWEN GROUNDWORKS & UTILITIES LIMITED - Company Information

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Company Registration Number : 10713019 (England and Wales)

BOWEN GROUNDWORKS & UTILITIES LIMITED

Unaudited filleted financial statements

For the year ended 30 April 2021

BOWEN GROUNDWORKS & UTILITIES LIMITED

Contents

For the year ended 30 April 2021

CONTENTS	PAGE
Company Information	3
Statement of Financial Position	4
Notes to the Financial Statements	5 - 6

BOWEN GROUNDWORKS & UTILITIES LIMITED

Company Information

For the year ended 30 April 2021

Company registration number

10713019 (England and Wales)

Directors

R A Bowen

Registered office address

Unit 8 Newtown Industrial Estate

Cross Keys

Newport

NP11 7PZ

Accountant

Phil Bessant Limited

Chartered Management Accountants

72 Caerau Road

Newport, South Wales

NP20 4HJ

BOWEN GROUNDWORKS & UTILITIES LIMITED

Statement of Financial Position

For the year ended 30 April 2021

		2021	2020
	Notes	£	£
Fixed assets
Property, plant and equipment		371,345	154,896
	5	371,345	154,896

Current assets
Inventories		30,000	30,000
Debtors		206,410	117,328
Cash and cash equivalents		92,956	63,694
		329,366	211,022

Current liabilities
Creditors: Amounts falling due within one year		(363,564)	(181,165)
Corporation tax payable		(2,718)	(2,718)
		(366,282)	(183,883)

Net current (liabilities)/assets		(36,915)	27,139
Total assets less current liabilities		334,430	182,036

Non-current liabilities
Creditors: Amounts falling due after more than one year		(108,970)	-
Net assets/(liabilities)		225,460	182,036

Capital and reserves
Called up share capital		1	1
Retained earnings		225,459	182,035
Shareholder's funds		225,460	182,036


For the year ended 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A. The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
For the year ended 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.

Approved by the Board on 28 January 2022

.............................
R A BOWEN (Director)
Company registration number: 10713019

/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */


Balance sheet at 2021-04-30 30 April 2021

	2021	2020
	£	£


Fixed Assets	0	0

Cash in Hand/Bank	92,595	63,693

Net Assets (liabilities)	225,460	182,036



Capital and Reserves	225,460	182,036
Called up share capital	1	1
Profit and loss account	225,459	182,035
SHAREHOLDER'S FUND	225,460	182,036

For the year ending 30-04-2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board of directors on 28 January 2022 and signed on behalf of the board,



.............................

R A BOWEN
Director

Company registration number: 10713019

BOWEN GROUNDWORKS & UTILITIES LIMITED

Notes to the Financial Statements

For the year ended 30 April 2021

(1) General Information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Unit 8 Newtown Industrial Estate, Cross Keys, Newport, NP11 7PZ.

(2) Statement of compliance

These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.

Sale of goods

Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.

Rendering of Services

Rendering of services Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.

Interest income

Interest income is recognised using the effective interest method.

Property, plant and equipment

Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery	20% reducing balance
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings	25% reducing balance
Equipment
Motor Cars	25% reducing balance

Inventories

Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.

Taxation

Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

Current Tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

(4) Employees

During the year, the average number of employees including director was 5 (2020 : 2)

(5) Fixed assets

	Tangible £
Cost
As at 01 May 2020	202,392
Additions	274,505
As at 30 April 2021	476,897
Depreciation/Amortisation
As at 01 May 2020	47,495
For the year	58,056
As at 30 April 2021	105,551
Net book value
As at 30 April 2021	371,346
As at 30 April 2020	154,897