Bowsall Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06798358 (England and Wales)

BOWSALL LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P M Simon

S 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:

Corporate Accountancy Solutions Limited

Georges Court

Chestergate

Macclesfield

Cheshire

SK11 6DP

FIXED ASSETS

Tangible assets

3

1,453

2,834

Investments

4

-

965,365

1,453

968,199

CURRENT ASSETS

Debtors

5

1,003,790

1,262,743

Cash at bank

214,687

606,545

1,218,477

1,869,288

CREDITORS

Amounts falling due within one year

6

2,255,370

2,839,923

NET CURRENT LIABILITIES

(1,036,893

)

(970,635

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,035,440

)

(2,436

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(1,035,442

)

(2,438

)

SHAREHOLDERS' FUNDS

(1,035,440

)

(2,436

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 21st December 2017 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 31 March 2017 are the first financial statements that comply with

FRS 102 Section 1A for small entities. The date of transition was 1 April 2015.

The transition to FRS 102 Section 1A for small entities has not resulted in any changes in accounting policies to

those used previously.

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

Investments in subsidiaries

Investments in subsidiary undertakings have been written down to nil in the current year.

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.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2016

9,813

Additions

425

At 31st March 2017

10,238

DEPRECIATION

At 1st April 2016

6,979

Charge for year

1,806

At 31st March 2017

8,785

NET BOOK VALUE

At 31st March 2017

1,453

At 31st March 2016

2,834

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st April 2016

965,365

Disposals

(965,365

)

At 31st March 2017

-

NET BOOK VALUE

At 31st March 2017

-

At 31st March 2016

965,365

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

629,695

621,325

Other debtors

374,095

641,418

1,003,790

1,262,743

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

80,944

95,128

Taxation and social security

2,277

151

Other creditors

2,172,149

2,744,644

2,255,370

2,839,923

7.	RELATED PARTY DISCLOSURES

Included within Creditors: amounts falling due within one year, are amounts owing £1,534,199.64 to Bowsall

Projects Limited, and £630,000 to Haldon Limited.

These companies are controlled by Paul Simon and Simon Gould who are Directors of Bowsall Limited.

Included within other debtors: amounts owing £343 from Si-Si Investments, £227,023 from Bowsall

Construction Limited and £50,050 from Bowsall (Horwich) Limited

These companies are controlled by Paul Simon and Simon Gould who are directors of Bowsall Limited.

8.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.