Bowler Logistics Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04378494 (England and Wales)

Bowler Logistics Limited

Trading as

P.K.T. Events

Unaudited Financial Statements

For The Year Ended 28th February 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

K Bowler

Mrs K Bowler

SECRETARY:

Aldbury Secretaries

REGISTERED OFFICE:

11 Barnstones Business Park

Grimscote Road

Litchborough

Towcester

Northamptonshire

NN12 8JJ

REGISTERED NUMBER:

04378494 (England and Wales)

ACCOUNTANTS:

Cheney & Co

310 Wellingborough Road

Northampton

NN1 4EP

FIXED ASSETS

Tangible assets

3

3,503

4,864

CURRENT ASSETS

Debtors

4

11,723

19,477

Cash at bank and in hand

83,492

74,920

95,215

94,397

CREDITORS

Amounts falling due within one year

5

96,890

94,395

NET CURRENT (LIABILITIES)/ASSETS

(1,675

)

2

TOTAL ASSETS LESS CURRENT LIABILITIES

1,828

4,866

PROVISIONS FOR LIABILITIES

6

700

1,300

NET ASSETS

1,128

3,566

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

1,126

3,564

SHAREHOLDERS' FUNDS

1,128

3,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 11th November 2017 and were signed on its behalf by:

K Bowler - Director

1.	STATUTORY INFORMATION

Bowler Logistics 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements for the year ended 28th February 2017 are the first financial statements that comply

with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting

Standard applicable in the UK and the Republic of Ireland". The date of transition is 1st March 2015.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 cost

Fixtures and fittings

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1st March 2016

2,360

7,369

9,729

Additions

-

732

732

At 28th February 2017

2,360

8,101

10,461

DEPRECIATION

At 1st March 2016

1,325

3,540

4,865

Charge for year

472

1,621

2,093

At 28th February 2017

1,797

5,161

6,958

NET BOOK VALUE

At 28th February 2017

563

2,940

3,503

At 29th February 2016

1,035

3,829

4,864

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

10,145

16,165

Other debtors

1,578

3,312

11,723

19,477

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

1,462

2,715

Taxation and social security

8,831

17,077

Other creditors

86,597

74,603

96,890

94,395

6.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

700

1,300

Deferred

tax

£

Balance at 1st March 2016

1,300

Provided during year

(600

)

Balance at 28th February 2017

700

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

8.	CONTINGENT LIABILITIES

There were no contingent liabilities as at 28th February 2017 or 29th February 2016.

9.	CAPITAL COMMITMENTS

There were no capital commitments as at 28th February 2017 or 29th February 2016.

10.	RELATED PARTY DISCLOSURES

Included within creditors is an amount of £1,590 (2016 - £3,312 debtor) due to PDS, a partnership controlled by

Mr & Mrs K Bowler. Included in expenses is £12,260 (2016 - £18,540) for items purchased from PDS in the year.