Bowsall Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06798358 (England and Wales)

BOWSALL LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

4

177

649

CURRENT ASSETS

Debtors

5

403,700

1,228,434

Cash at bank

391,704

171,839

795,404

1,400,273

CREDITORS

Amounts falling due within one year

6

1,777,399

2,388,185

NET CURRENT LIABILITIES

(981,995

)

(987,912

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(981,818

)

(987,263

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(981,820

)

(987,265

)

SHAREHOLDERS' FUNDS

(981,818

)

(987,263

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 5th December 2019 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2018

and 31st March 2019

10,238

DEPRECIATION

At 1st April 2018

9,589

Charge for year

472

At 31st March 2019

10,061

NET BOOK VALUE

At 31st March 2019

177

At 31st March 2018

649

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

114,827

844,225

Other debtors

288,873

384,209

403,700

1,228,434

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

74,732

163,583

Taxation and social security

2,031

1,984

Other creditors

1,700,636

2,222,618

1,777,399

2,388,185

7.	RELATED PARTY DISCLOSURES

Included within Creditors: amounts falling due within one year, are amounts owing £958,643 to Bowsall Projects

Limited, £343,000 to Vicarage Lane Limited and £149,063 to Bowsall Developments Ltd.

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, £34,624 from Bowsall Construction

Limited, £35,044 from Green Gate Homes Limited and £99,465 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.