Company Registration No. 9986583 (England and Wales)
Bowling House Ltd
Unaudited accounts
for the year ended 28 February 2023
Bowling House Ltd
Unaudited accounts
Contents
Bowling House Ltd
Company Information
for the year ended 28 February 2023
Directors
Kate Elizabeth Read
Jack Thompson
Derek Thompson
Company Number
9986583 (England and Wales)
Registered Office
17-19
St. Georges Street,
Norwich
England
NR3 1AB
England
Accountants
Together Accounting Limited
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
Bowling House Ltd
Accountants' report
Accountants' report to the board of directors of Bowling House Ltd on the preparation of the unaudited statutory accounts for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Bowling House Ltd for the year ended
28 February 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Bowling House Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Bowling House Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bowling House Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Bowling House Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Bowling House Ltd. You consider that Bowling House Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Bowling House Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Together Accounting Limited
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
5 October 2023
Bowling House Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
212,239
179,004
Cash at bank and in hand
-
35
Creditors: amounts falling due within one year
(406,430)
(340,890)
Net current liabilities
(339,314)
(300,310)
Total assets less current liabilities
(127,075)
(121,306)
Creditors: amounts falling due after more than one year
(57,679)
(62,431)
Provisions for liabilities
Deferred tax
(40,325)
(36,098)
Net liabilities
(225,079)
(219,835)
Called up share capital
1,852
1,852
Share premium
241,957
176,957
Profit and loss account
(468,888)
(398,644)
Shareholders' funds
(225,079)
(219,835)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by
Jack Thompson
Director
Company Registration No. 9986583
Bowling House Ltd
Notes to the Accounts
for the year ended 28 February 2023
Bowling House Ltd is a private company, limited by shares, registered in England and Wales, registration number 9986583. The registered office is 17-19 , St. Georges Street,, Norwich, England, NR3 1AB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% - Straight Line
Fixtures & fittings
25% - Reducing Balance
Computer equipment
25% - Reducing Balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Bowling House Ltd
Notes to the Accounts
for the year ended 28 February 2023
The Company meets its day-to-day working capital requirements through financial support provided by the Shareholders. The Director has received assurances that the the Shareholders will continue to provide financial support for at least the next twelve months from the date approval of the financial statements.
It is on this basis that the Director considers it appropriate to prepare the accounts on the going concern basis.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
228,648
136,835
3,512
368,995
Additions
83,333
-
-
83,333
At 28 February 2023
311,981
136,835
3,512
452,328
At 1 March 2022
91,911
94,906
3,174
189,991
Charge for the year
39,531
10,370
197
50,098
At 28 February 2023
131,442
105,276
3,371
240,089
At 28 February 2023
180,539
31,559
141
212,239
At 28 February 2022
136,737
41,929
338
179,004
Amounts falling due within one year
Accrued income and prepayments
44,455
30,176
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
33,166
33,103
Obligations under finance leases and hire purchase contracts
5,947
7,985
Trade creditors
148,039
89,635
Taxes and social security
2,252
2,486
Loans from directors
201,770
204,557
Bowling House Ltd
Notes to the Accounts
for the year ended 28 February 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
6,000
6,000
8
Average number of employees
During the year the average number of employees was 15 (2022: 15).