IRIS Accounts Production v23.2.0.158 06125377 Board of Directors 1.3.22 28.2.23 28.2.23 true false true false false false true false Ordinary 1.00000 Ordinary A 0.30000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure061253772022-02-28061253772023-02-28061253772022-03-012023-02-28061253772021-02-28061253772021-03-012022-02-28061253772022-02-2806125377ns15:PoundSterling2022-03-012023-02-2806125377ns11:Director12022-03-012023-02-2806125377ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2806125377ns11:SmallEntities2022-03-012023-02-2806125377ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-2806125377ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2806125377ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2806125377ns11:FullAccounts2022-03-012023-02-280612537712022-03-012023-02-2806125377ns11:OrdinaryShareClass12022-03-012023-02-2806125377ns11:OrdinaryShareClass22022-03-012023-02-2806125377ns6:CurrentFinancialInstruments2023-02-2806125377ns6:CurrentFinancialInstruments2022-02-2806125377ns6:Non-currentFinancialInstruments2023-02-2806125377ns6:Non-currentFinancialInstruments2022-02-2806125377ns6:ShareCapital2023-02-2806125377ns6:ShareCapital2022-02-2806125377ns6:RetainedEarningsAccumulatedLosses2023-02-2806125377ns6:RetainedEarningsAccumulatedLosses2022-02-2806125377ns11:RegisteredOffice2022-03-012023-02-2806125377ns6:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2806125377ns6:ComputerSoftware2022-03-012023-02-2806125377ns6:LeaseholdImprovements2022-03-012023-02-2806125377ns6:PlantMachinery2022-03-012023-02-2806125377ns6:FurnitureFittings2022-03-012023-02-2806125377ns6:MotorVehicles2022-03-012023-02-2806125377ns6:ComputerEquipment2022-03-012023-02-2806125377ns6:ComputerSoftware2022-02-2806125377ns6:ComputerSoftware2023-02-2806125377ns6:ComputerSoftware2022-02-2806125377ns6:LandBuildings2022-02-2806125377ns6:LeaseholdImprovements2022-02-2806125377ns6:PlantMachinery2022-02-2806125377ns6:LandBuildings2022-03-012023-02-2806125377ns6:LandBuildings2023-02-2806125377ns6:LeaseholdImprovements2023-02-2806125377ns6:PlantMachinery2023-02-2806125377ns6:LandBuildings2022-02-2806125377ns6:LeaseholdImprovements2022-02-2806125377ns6:PlantMachinery2022-02-2806125377ns6:FurnitureFittings2022-02-2806125377ns6:MotorVehicles2022-02-2806125377ns6:ComputerEquipment2022-02-2806125377ns6:FurnitureFittings2023-02-2806125377ns6:MotorVehicles2023-02-2806125377ns6:ComputerEquipment2023-02-2806125377ns6:FurnitureFittings2022-02-2806125377ns6:MotorVehicles2022-02-2806125377ns6:ComputerEquipment2022-02-2806125377ns6:CostValuation2022-02-2806125377ns6:AdditionsToInvestments2023-02-2806125377ns6:CostValuation2023-02-2806125377ns6:Subsidiary12022-03-012023-02-28061253771ns6:Subsidiary12022-03-012023-02-2806125377ns6:Subsidiary22022-03-012023-02-2806125377ns6:Subsidiary232022-03-012023-02-2806125377ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2806125377ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2806125377ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-02-2806125377ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-02-2806125377ns6:WithinOneYear2023-02-2806125377ns6:WithinOneYear2022-02-2806125377ns6:BetweenOneFiveYears2023-02-2806125377ns6:BetweenOneFiveYears2022-02-2806125377ns6:MoreThanFiveYears2023-02-2806125377ns6:MoreThanFiveYears2022-02-2806125377ns6:AllPeriods2023-02-2806125377ns6:AllPeriods2022-02-2806125377ns11:OrdinaryShareClass12023-02-2806125377ns11:OrdinaryShareClass22023-02-28
REGISTERED NUMBER: 06125377 (United Kingdom)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

BOULDERS LTD

BOULDERS LTD (REGISTERED NUMBER: 06125377)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


BOULDERS LTD (REGISTERED NUMBER: 06125377)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 184 231
Tangible assets 5 599,495 424,350
Investments 6 2 1
599,681 424,582

CURRENT ASSETS
Stocks 7 49,937 37,935
Debtors 8 244,626 117,041
Cash at bank 172,754 404,794
467,317 559,770
CREDITORS
Amounts falling due within one year 9 273,995 244,667
NET CURRENT ASSETS 193,322 315,103
TOTAL ASSETS LESS CURRENT LIABILITIES 793,003 739,685

CREDITORS
Amounts falling due after more than one
year

10

(203,747

)

(263,820

)

PROVISIONS FOR LIABILITIES (83,017 ) (47,000 )
NET ASSETS 506,239 428,865

CAPITAL AND RESERVES
Called up share capital 13 360,000 360,000
Retained earnings 146,239 68,865
SHAREHOLDERS' FUNDS 506,239 428,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

BOULDERS LTD (REGISTERED NUMBER: 06125377)

Balance Sheet - continued
28 February 2023


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by:





Mr O J Noakes - Director


BOULDERS LTD (REGISTERED NUMBER: 06125377)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Boulders Ltd is a private company, limited by shares , registered in United Kingdom. The company's registered number and registered office address are as below:

Registered number: 06125377

Registered office: Unit E2
St Catherines Trade Park
Pengam Road
Cardiff
CF24 2RZ

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.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


BOULDERS LTD (REGISTERED NUMBER: 06125377)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2022 - 41 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 March 2022
and 28 February 2023 11,236
AMORTISATION
At 1 March 2022 11,005
Amortisation for year 47
At 28 February 2023 11,052
NET BOOK VALUE
At 28 February 2023 184
At 28 February 2022 231

BOULDERS LTD (REGISTERED NUMBER: 06125377)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


5. TANGIBLE FIXED ASSETS
Assets Improvements
under to Plant and
construction property machinery
£    £    £   
COST
At 1 March 2022 - 285,491 142,789
Additions 208,225 4,565 24,267
At 28 February 2023 208,225 290,056 167,056
DEPRECIATION
At 1 March 2022 - 151,280 128,502
Charge for year - 27,527 6,119
At 28 February 2023 - 178,807 134,621
NET BOOK VALUE
At 28 February 2023 208,225 111,249 32,435
At 28 February 2022 - 134,211 14,287

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 541,281 38,000 84,498 1,092,059
Additions 3,381 - 1,266 241,704
At 28 February 2023 544,662 38,000 85,764 1,333,763
DEPRECIATION
At 1 March 2022 301,617 12,297 74,013 667,709
Charge for year 24,305 6,426 2,182 66,559
At 28 February 2023 325,922 18,723 76,195 734,268
NET BOOK VALUE
At 28 February 2023 218,740 19,277 9,569 599,495
At 28 February 2022 239,664 25,703 10,485 424,350

Assets under construction relate to the opening of a new site, which officially opened in April 2023.

BOULDERS LTD (REGISTERED NUMBER: 06125377)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022 1
Additions 1
At 28 February 2023 2
NET BOOK VALUE
At 28 February 2023 2
At 28 February 2022 1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Boulders Site 2 Limited
Registered office: Unit 4, Centrum Retail Park, Tewkesbury Road, Cheltenham, GL51 9FD
Nature of business: Sport activities
%
Class of shares: holding
Ordinary 100.00

Boulder Site 3 Ltd
Registered office: Catherines Park, Pengam Road, Cardiff, CF24 2RZ
Nature of business: Sport activities
%
Class of shares: holding
Ordinary 100.00

7. STOCKS
2023 2022
£    £   
Stocks 49,937 37,935

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,024 13,738
Other debtors 191,550 75,702
Prepayments 49,052 27,601
244,626 117,041

BOULDERS LTD (REGISTERED NUMBER: 06125377)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 11) 60,073 60,073
Trade creditors 59,712 84,479
Social security and other taxes 59,017 54,874
Other creditors 57,408 30,009
Accruals and deferred income 37,785 15,232
273,995 244,667

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 11) 203,747 263,820

11. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 60,073 60,073

Amounts falling due between two and five years:
Bank loans - 2-5 years 203,747 263,820

12. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 73,408 73,408
Between one and five years 293,632 293,632
In more than five years 214,107 287,515
581,147 654,555

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
335,000 Ordinary £1 335,000 335,000
83,333 Ordinary A 30p 25,000 25,000
360,000 360,000