Bowood Associates Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04460640 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 August 2015

for

Bowood Associates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A W Matthes

A A Hodges

SECRETARY:

Mrs C J Matthes

REGISTERED OFFICE:

24 Cornwall Road

Dorchester

Dorset

DT1 1RX

REGISTERED NUMBER:

04460640 (England and Wales)

ACCOUNTANTS:

Read Woodruff

Chartered Accountants

24 Cornwall Road

Dorchester

Dorset

DT1 1RX

FIXED ASSETS

Tangible assets

2

2,443

1,810

CURRENT ASSETS

Stocks

381,986

190,737

Debtors

4,792

4,284

Cash at bank

22,260

34,075

409,038

229,096

CREDITORS

Amounts falling due within one year

349,797

200,458

NET CURRENT ASSETS

59,241

28,638

TOTAL ASSETS LESS CURRENT LIABILITIES

61,684

30,448

PROVISIONS FOR LIABILITIES

453

319

NET ASSETS

61,231

30,129

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

61,131

30,029

SHAREHOLDERS' FUNDS

61,231

30,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 18 May 2016 and were signed on its behalf by:

A W Matthes - 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 April 2008).

Turnover

Turnover represents property sales and the invoice value of all other work carried out during the accounting

period, 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

-

15% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

5,708

Additions

1,223

At 31 August 2015

6,931

DEPRECIATION

At 1 September 2014

3,898

Charge for year

590

At 31 August 2015

4,488

NET BOOK VALUE

At 31 August 2015

2,443

At 31 August 2014

1,810

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100