P Bowyer Associates Limited - Accounts to registrar (filleted) - small 18.2
P Bowyer Associates Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 June 2018 |
| for |
| P Bowyer Associates Limited |
| P Bowyer Associates Limited (Registered number: 01895836) |
| Contents of the Financial Statements |
| for the year ended 30 June 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| P Bowyer Associates Limited |
| Company Information |
| for the year ended 30 June 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 15 Palace Street |
| NORWICH |
| Norfolk |
| NR3 1RT |
| P Bowyer Associates Limited (Registered number: 01895836) |
| Balance Sheet |
| 30 June 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Stocks | 7 |
| Debtors | 8 |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
10 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Other reserves | 12 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| P Bowyer Associates Limited (Registered number: 01895836) |
| Balance Sheet - continued |
| 30 June 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| P Bowyer Associates Limited (Registered number: 01895836) |
| Notes to the Financial Statements |
| for the year ended 30 June 2018 |
| 1. | STATUTORY INFORMATION |
| P Bowyer Associates Limited is a |
| 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 |
| Turnover |
| Turnover represents the value of goods and services supplied by the company, net of VAT and trade discounts, |
| during the period. Where work spans the year end the relevant proportion of the net invoice value is treated as |
| accrued income. |
| Goodwill |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
| less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Land & Buildings | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| 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. |
| 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 profit or loss in the period to which they relate. |
| P Bowyer Associates Limited (Registered number: 01895836) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Leasing and hire purchase |
| Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over |
| the term of the lease. |
| Assets held under finance leases and HP agreements, which are those where substantially all the risks and |
| rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and are |
| depreciated over their useful economic lives. The capital element of future obligations under the lease is |
| included as a liability in the balance sheet. The interest element of the payment obligations is charged to the |
| profit and loss account over the period of the agreement and represents a constant proportion of the balance of |
| capital repayments outstanding. |
| Investment properties |
| Investment Properties are revalued annually and included in the financial statements at their open market value. |
| No depreciation is provided in respect of investment properties. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2017 - 38 ). |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 July 2017 |
| and 30 June 2018 |
| AMORTISATION |
| At 1 July 2017 |
| Charge for year |
| At 30 June 2018 |
| NET BOOK VALUE |
| At 30 June 2018 |
| At 30 June 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Land & | Plant and | Motor |
| Buildings | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 July 2017 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30 June 2018 |
| DEPRECIATION |
| At 1 July 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30 June 2018 |
| NET BOOK VALUE |
| At 30 June 2018 |
| At 30 June 2017 |
| P Bowyer Associates Limited (Registered number: 01895836) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2018 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| The revaluation of the investment properties were carried out by Dan Bowyer, a director of the company, based |
| on the value that would be obtained for the properties in the current market. |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 July 2017 |
| and 30 June 2018 |
| NET BOOK VALUE |
| At 30 June 2018 |
| At 30 June 2017 |
| 7. | STOCKS |
| 2018 | 2017 |
| £ | £ |
| Stocks |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Directors' loan accounts | 6,369 | 1,169 |
| Prepayments and accrued income |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 62,121 | 56,407 |
| Other creditors |
| Directors' loan accounts | 388 | 6,891 |
| Accruals and deferred income |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| P Bowyer Associates Limited (Registered number: 01895836) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2018 |
| 11. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Bank overdrafts |
| Bank loans |
| Hire purchase contracts | 169,736 | 156,214 |
| Within secured creditors are amounts of £139,849 which fall due after one year. Security is held over the HP |
| assets being financed. The bank loans and overdraft are secured by a fixed and floating charge over the |
| company's assets. |
| 12. | RESERVES |
| Other |
| reserves |
| £ |
| At 1 July 2017 |
| Movement in the year | 2,627 |
| At 30 June 2018 |
| The Other reserves balance is the surplus arising on the revaluation of investment properties, net of the deferred |
| tax liability provided for in relation to the revaluation. |
| 13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30 June 2018 and |
| 30 June 2017: |
| 2018 | 2017 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| P Bowyer Associates Limited (Registered number: 01895836) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2018 |
| 13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
| Interest is payable where the amount advanced exceeded the HMRC threshold in line with the rules for |
| beneficial loans. During the period the interest charged was £0. |
| The loans are repayable on demand. |