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Company Registration No. 12217377 (England and Wales)
Boundx Ltd Unaudited accounts for the year ended 30 September 2022
Boundx Ltd Unaudited accounts Contents
Page
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Boundx Ltd Company Information for the year ended 30 September 2022
Director
William Paul Waterman
Company Number
12217377 (England and Wales)
Registered Office
116 Pembroke Road London N10 2JD England
Accountants
Anthony Daniel Associates 10 Julian Place London E14 3AT
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Boundx Ltd Statement of financial position as at 30 September 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,201 
3,084 
Current assets
Cash at bank and in hand
2,957 
2,122 
Creditors: amounts falling due within one year
(2,670)
(2,953)
Net current assets/(liabilities)
287 
(831)
Net assets
2,488 
2,253 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,487 
2,252 
Shareholders' funds
2,488 
2,253 
For the year ending 30 September 2022 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 director acknowledges his 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 and authorised for issue on 30 September 2023 and were signed on its behalf by
William Paul Waterman Director Company Registration No. 12217377
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Boundx Ltd Notes to the Accounts for the year ended 30 September 2022
1
Statutory information
Boundx Ltd is a private company, limited by shares, registered in England and Wales, registration number 12217377. The registered office is 116 Pembroke Road, London, N10 2JD, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Computer equipment
20% on cost
Deferred taxation
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Boundx Ltd Notes to the Accounts for the year ended 30 September 2022
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2021
4,413 
At 30 September 2022
4,413 
Depreciation
At 1 October 2021
1,329 
Charge for the year
883 
At 30 September 2022
2,212 
Net book value
At 30 September 2022
2,201 
At 30 September 2021
3,084 
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
- 
1,285 
Taxes and social security
6,889 
4,535 
Other creditors
770 
720 
Loans from directors
(6,202)
(4,237)
Accruals
1,213 
650 
2,670 
2,953 
6
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Controlling party
The ultimate controlling party is Mr. William Paul Waterman, who is the sole director and holds one hundred percent of the company shares.
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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