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Registered Number: 09283399
England and Wales

 

 

 

BOUNDLESS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2022

End date: 31 December 2022
Directors Richard Dallimore
Elizabeth Wilkinson
Registered Number 09283399
Registered Office 130 Beville Street
Stoke On Trent
England
ST4 3LH
1
Directors' report and financial statements
The directors present their annual report and the financial statements for the year ended 31 December 2022
Principal activities
The company's principal activity during the year was domestic software development.
Directors
The directors who served the company throughout the year were as follows:
Richard Dallimore
Elizabeth Wilkinson
Statement of directors' responsibilities
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Richard Dallimore
Director
----------------------------------
Elizabeth Wilkinson
Director

Date approved: 30 September 2023
2
 
 
Notes
 
2022
£
  2021
£
Turnover 1,860    22,415 
Cost of sales (1,667)   (1,223)
Gross profit 193    21,192 
Administrative expenses (15,345)   (19,629)
Other operating income   1,871 
Operating profit/(loss) (15,152)   3,434 
Interest payable and similar charges (563)   (753)
Profit/(Loss) on ordinary activities before taxation (15,715)   2,681 
Tax on profit on ordinary activities 602    (602)
Profit/(Loss) for the financial year (15,113)   2,079 
 
3
 
 
Notes
 
2022
£
  2021
£
Fixed assets      
Tangible fixed assets 3 307    1,202 
307    1,202 
Current assets      
Debtors 4 1,047    648 
Cash at bank and in hand 14,050    33,927 
15,097    34,575 
Creditors: amount falling due within one year 5 (24,263)   (29,523)
Net current liabilities (9,166)   5,052 
 
Total assets less current liabilities (8,859)   6,254 
Net liabilities (8,859)   6,254 
 

Capital and reserves
     
Called up share capital 6 100    100 
Profit and loss account (8,959)   6,154 
Shareholder's funds (8,859)   6,254 
 


For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 30 September 2023 and were signed on its behalf by:


-------------------------------
Richard Dallimore
Director
-------------------------------
Elizabeth Wilkinson
Director
4
General Information
Boundless Ltd is a private company, limited by shares, registered in England and Wales, registration number 09283399, registration address 130 Beville Street, Stoke On Trent , England, ST4 3LH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises of invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33.33% Straight Line
2.

Average number of employees

Average number of employees during the year was 1 (2021 : 1).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 January 2022 4,814    4,814 
Additions  
Disposals  
At 31 December 2022 4,814    4,814 
Depreciation
At 01 January 2022 3,612    3,612 
Charge for year 895    895 
On disposals  
At 31 December 2022 4,507    4,507 
Net book values
Closing balance as at 31 December 2022 307    307 
Opening balance as at 01 January 2022 1,202    1,202 


4.

Debtors: amounts falling due within one year

2022
£
  2021
£
Trade Debtors   648 
Prepayments & Accrued Income (1)  
VAT 1,048   
1,047    648 

5.

Creditors: amount falling due within one year

2022
£
  2021
£
Trade Creditors   422 
Bank Loans & Overdrafts 18,287    22,873 
Corporation Tax 37    602 
Directors' Current Accounts 5,939    5,105 
VAT   521 
24,263    29,523 

6.

Share Capital

Allotted, called up and fully paid
2022
£
  2021
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

5