A.G.Bowerman Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00312579 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

A.G.Bowerman Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G J Bowerman

D L Bowerman

SECRETARY:

D L Bowerman

REGISTERED OFFICE:

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

REGISTERED NUMBER:

00312579 (England and Wales)

ACCOUNTANTS:

A C Mole & Sons

Chartered Accountants

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Investment properties

2

180,000

CURRENT ASSETS

Debtors

815

925

Cash at bank

3,159

2,787

3,974

3,712

CREDITORS

Amounts falling due within one year

5,703

6,007

NET CURRENT LIABILITIES

(1,729

)

(2,295

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

178,271

177,705

CAPITAL AND RESERVES

Called up share capital

3

750

Revaluation reserve

173,094

Profit and loss account

4,427

3,861

SHAREHOLDERS' FUNDS

178,271

177,705

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 July 2016 and were signed on its behalf by:

G J Bowerman - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared in accordance with the historical cost convention, as modified by

the revaluation of freehold property. The financial statements have also been prepared in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015) which, unlike the detailed rules of the

Companies Act, does not require depreciation of freehold investment properties. The lack of depreciation is

necessary to give a true and fair view for the reasons explained below.

The principal accounting policies which the Directors have adopted are set out below.

Turnover

Turnover represents rents receivable for the period.

Investment property

The Company's freehold investment property is stated at market value. Changes in value are adjusted through the

revaluation reserve. As this property is held for investment purposes, not consumption, depreciation is not

considered relevant, and in accordance with the Financial Reporting Standard for Smaller Entities (effective

January 2015) no depreciation has been provided.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2015

and 31 March 2016

180,000

NET BOOK VALUE

At 31 March 2016

180,000

At 31 March 2015

180,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

750

Ordinary

£1

750