Bowcomm Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08282268 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

BOWCOMM LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

W Bowler

REGISTERED OFFICE:

109 Paddock Way

Hinckley

Leicestershire

LE10 0BZ

REGISTERED NUMBER:

08282268 (England and Wales)

ACCOUNTANTS:

Stewart Fletcher and Barrett

Chartered Accountants

Manor Court Chambers

Townsend Drive

Nuneaton

Warwickshire

CV11 6RU

FIXED ASSETS

Tangible assets

2

1,660

1,827

CURRENT ASSETS

Debtors

3

7,524

8,640

Cash at bank

18,300

18,071

25,824

26,711

CREDITORS

Amounts falling due within one year

4

10,695

10,206

NET CURRENT ASSETS

15,129

16,505

TOTAL ASSETS LESS CURRENT LIABILITIES

16,789

18,332

PROVISIONS FOR LIABILITIES

5

332

365

NET ASSETS

16,457

17,967

CAPITAL AND RESERVES

Called up share capital

6

1

1

Profit and loss account

7

16,456

17,966

SHAREHOLDERS' FUNDS

16,457

17,967

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 24 August 2017 and were signed by:

W Bowler - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, 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.

Plant and machinery

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 December 2015

1,105

2,235

3,340

Additions

-

339

339

At 30 November 2016

1,105

2,574

3,679

DEPRECIATION

At 1 December 2015

398

1,115

1,513

Charge for year

141

365

506

At 30 November 2016

539

1,480

2,019

NET BOOK VALUE

At 30 November 2016

566

1,094

1,660

At 30 November 2015

707

1,120

1,827

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

7,524

8,640

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Tax

8,005

8,748

Social security and other taxes

59

51

VAT

1,940

1,037

Directors' current accounts

546

230

Accrued expenses

145

140

10,695

10,206

5.	PROVISIONS FOR LIABILITIES

2016

2015

£

£

Deferred tax

332

365

Deferred

tax

£

Balance at 1 December 2015

365

Accelerated capital allowances

(33

)

Balance at 30 November 2016

332

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary shares

£1

1

1

7.

RESERVES

Profit

and loss

account

£

At 1 December 2015

17,966

Profit for the year

31,490

Dividends

(33,000

)

At 30 November 2016

16,456

8.	RELATED PARTY DISCLOSURES

W Bowler

Mr W Bowler is director and 100% shareholder of the company.

During the year dividends of £33,000 (2015: £35,500) were paid to Mr W Bowler.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W Bowler.

Mr W Bowler who owns 100% of shares in Bowcomm Ltd.