For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08013308
Bowron Leathers Limited
For the year ended 31 March 2016
1
Accountants' Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
Bowron Leathers Limited
Accountants' Report
For the year ended 31 March 2016
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the
|
accounts of Bowron Leathers Limited for the year ended
31
March
2016
which comprise the Profit and Loss
|
Account
,
the Balance Sheet and the related notes from the company
'
s accounting records and from information
|
and explanations you have given us
.
|
As a practising firm of the Association of Chartered Certified Accountants
,
we are subject to its ethical and other
|
professional requirements which are detailed at http
://
rulebook
.
accaglobal
.
com
.
|
This report is made solely to the Director of Bowron Leathers Limited in accordance with the terms of our
|
engagement letter dated
5
November
2012
.
Our work has been undertaken solely to prepare for your approval the
|
accounts of Bowron Leathers Limited and state those matters that we have agreed to state to the Director of
|
Bowron Leathers Limited in this report in accordance with the requirements of the Association of Chartered
|
Certified Accountants and as detailed at http
://
www
.
accaglobal
.
com
/
factsheet
163
.
To the fullest extent permitted by
|
law
,
we do not accept or assume responsibility to anyone other than Bowron Leathers Limited and its Director for
|
our work or for this report
.
|
It is your duty to ensure that Bowron Leathers Limited 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 Bowron
|
Leathers Limited
.
You consider that Bowron Leathers Limited is exempt from the statutory audit requirement for the
|
year
.
|
G F Gibbs & Co
Chartered Certified Accountants
55 The Maltings
Roydon Road
Stanstead Abbotts
Hertfordshire
SG12 8HG
02 December 2016
1 of 3
Notes to the Abbreviated Financial Statements
|
Bowron Leathers Limited
For the year ended 31 March 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.
|
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange
|
ruling at the balance sheet date
.
Transactions in foreign currencies are recorded at the rate ruling at the date of the
|
transaction
.
All foreign exchange differences are included to the profit and loss account
.
|
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
|
Allotted called up and fully paid
|
2016
2015
100
Ordinary shares of £
1
.
00
each
|
100
100
100
100
3 of 3