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REGISTERED NUMBER: 11565053 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2021

for

Boldwood Books Ltd

Boldwood Books Ltd (Registered number: 11565053)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Boldwood Books Ltd

Company Information
for the Year Ended 31 December 2021







DIRECTORS: A J Ridout
C Ridding
A J B Cathie
D A J Van Dyke





REGISTERED OFFICE: 23 Bowerdean St
London
SW6 3TN





REGISTERED NUMBER: 11565053 (England and Wales)






Boldwood Books Ltd (Registered number: 11565053)

Report of the Directors
for the Year Ended 31 December 2021

The directors present their report with the financial statements of the company for the year ended 31 December 2021.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of book publishing

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2021 to the date of this report.

A J Ridout
C Ridding
A J B Cathie

Other changes in directors holding office are as follows:

D A J Van Dyke was appointed as a director after 31 December 2021 but prior to the date of this report.

P Stevens ceased to be a director after 31 December 2021 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A J Ridout - Director


5 July 2022

Boldwood Books Ltd (Registered number: 11565053)

Income Statement
for the Year Ended 31 December 2021

31.12.21 31.12.20
Notes £    £   

TURNOVER 2,734,510 1,613,969

Cost of sales 1,181,315 812,329
GROSS PROFIT 1,553,195 801,640

Administrative expenses 646,153 445,729
OPERATING PROFIT and
PROFIT BEFORE TAXATION 907,042 355,911

Tax on profit 174,728 68,626
PROFIT FOR THE FINANCIAL YEAR 732,314 287,285

Boldwood Books Ltd (Registered number: 11565053)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,575 3,850

CURRENT ASSETS
Stocks 46,805 31,946
Debtors 6 737,143 450,872
Cash at bank 1,099,727 369,170
1,883,675 851,988
CREDITORS
Amounts falling due within one year 7 569,742 272,644
NET CURRENT ASSETS 1,313,933 579,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,315,508

583,194

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 479,904 479,904
Retained earnings 835,404 103,090
1,315,508 583,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Boldwood Books Ltd (Registered number: 11565053)

Balance Sheet - continued
31 December 2021


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 5 July 2022 and were signed on its behalf by:





A J Ridout - Director


Boldwood Books Ltd (Registered number: 11565053)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Boldwood Books Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Boldwood Books Ltd (Registered number: 11565053)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2020 - 7 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.12.21 31.12.20
£    £   
Depreciation - owned assets 3,358 2,943

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 8,919
Additions 1,083
At 31 December 2021 10,002
DEPRECIATION
At 1 January 2021 5,069
Charge for year 3,358
At 31 December 2021 8,427
NET BOOK VALUE
At 31 December 2021 1,575
At 31 December 2020 3,850

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 720,765 434,905
Other debtors 16,378 15,967
737,143 450,872

Boldwood Books Ltd (Registered number: 11565053)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Royalties 206,963 144,830
Trade creditors 113,203 55,145
Taxation and social security 196,972 39,341
Other creditors 52,604 33,328
569,742 272,644