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Unaudited Financial Statements for the Year Ended 31 May 2017 |
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A M Bowman Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 May 2017 |
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for |
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A M Bowman Limited |
A M Bowman Limited (Registered number: 06989256) |
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Contents of the Financial Statements |
for the Year Ended 31 May 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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A M Bowman Limited |
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Company Information |
for the Year Ended 31 May 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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1 Pinnacle Way |
Pride Park |
Derby |
Derbyshire |
DE24 8ZS |
A M Bowman Limited (Registered number: 06989256) |
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Balance Sheet |
31 May 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges her 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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director on
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A M Bowman Limited (Registered number: 06989256) |
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Notes to the Financial Statements |
for the Year Ended 31 May 2017 |
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1. | STATUTORY INFORMATION |
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A M Bowman Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents the company's share of the profits of the partnership Rothera Sharp Solicitors. |
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Goodwill |
Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their |
estimated useful economic lives as follows: |
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Goodwill - ten years |
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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. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 June 2016 |
and 31 May 2017 |
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AMORTISATION |
At 1 June 2016 |
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Amortisation for year |
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At 31 May 2017 |
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NET BOOK VALUE |
At 31 May 2017 |
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At 31 May 2016 |
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Goodwill arose on the purchase of the company's share in Rothera Sharp Solicitors. |
A M Bowman Limited (Registered number: 06989256) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Due from Rothera Sharp |
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Directors' current accounts | 1,197 | 6,035 |
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Other than as stated under directors loan account above, none of the above amounts related to amounts due from |
the director or shareholder of the company either directly or indirectly. |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
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Tax |
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Accruals and deferred income |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2017 | 2016 |
£ | £ |
Bank loans |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary | £1 | 1 | 1 |
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9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the year ended 31 May 2017 and the period |
ended 31 May 2016: |
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2017 | 2016 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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The directors loan account was cleared within nine months of the year end. Interest was charged on the |
overdrawn balance at a rate of 3% per annum to 5 April 2017 and 2.5% per annum thereafter. |
A M Bowman Limited (Registered number: 06989256) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2017 |
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10. | FIRST YEAR ADOPTION |
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These financial statements for the year ended 31 May 2017 are the first financial statements that comply with |
Financial Reporting Standard 102 Section 1A "Small Entities." The date of transition 1 April 2015. The |
transition to Financial Reporting Standard 102 Section 1A "Small Entities" has resulted in no changes in the |
amounts stated in these accounts to those stated previously. |