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REGISTERED NUMBER: 04230298 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Boyack Enterprises Limited

Boyack Enterprises Limited (Registered number: 04230298)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Boyack Enterprises Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J Boyack
Mrs E R Toms





REGISTERED OFFICE: c/o Atkins & Co.
7 Morston Court
Aisecombe Way
Weston-super-Mare
BS22 8NG





REGISTERED NUMBER: 04230298 (England and Wales)





ACCOUNTANTS: Atkins & Co Chartered Accountants
7 Morston Court
Aisecombe Way
Weston Super Mare
Somerset
BS22 8NG

Boyack Enterprises Limited (Registered number: 04230298)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,333 30,833
Tangible assets 5 1,352,051 1,362,394
1,364,384 1,393,227

CURRENT ASSETS
Debtors 6 4,008 1,110
Cash at bank and in hand 29,122 36,182
33,130 37,292
CREDITORS
Amounts falling due within one year 7 105,455 113,677
NET CURRENT LIABILITIES (72,325 ) (76,385 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,292,059

1,316,842

CREDITORS
Amounts falling due after more than one
year

8

321,377

350,186
NET ASSETS 970,682 966,656

CAPITAL AND RESERVES
Called up share capital 60,002 60,002
Revaluation reserve 10 539,232 539,232
Retained earnings 371,448 367,422
SHAREHOLDERS' FUNDS 970,682 966,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

Boyack Enterprises Limited (Registered number: 04230298)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by:




J Boyack - Director



Mrs E R Toms - Director


Boyack Enterprises Limited (Registered number: 04230298)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Boyack Enterprises Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 43 ) .

Boyack Enterprises Limited (Registered number: 04230298)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 370,000
AMORTISATION
At 1 April 2022 339,167
Charge for year 18,500
At 31 March 2023 357,667
NET BOOK VALUE
At 31 March 2023 12,333
At 31 March 2022 30,833

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022
and 31 March 2023 1,321,022 199,472 131,772 9,433 1,661,699
DEPRECIATION
At 1 April 2022 - 166,663 125,880 6,762 299,305
Charge for year - 8,202 1,473 668 10,343
At 31 March 2023 - 174,865 127,353 7,430 309,648
NET BOOK VALUE
At 31 March 2023 1,321,022 24,607 4,419 2,003 1,352,051
At 31 March 2022 1,321,022 32,809 5,892 2,671 1,362,394

Included in cost of land and buildings is freehold land of £ 1,321,022 (2022 - £ 1,321,022 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 4,008 1,110

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 29,725 44,523
Trade creditors 55,020 30,817
Taxation and social security 5,441 30,767
Other creditors 15,269 7,570
105,455 113,677

Boyack Enterprises Limited (Registered number: 04230298)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 55,160 127,911
Other creditors 266,217 222,275
321,377 350,186

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 84,885 172,434

By way of Fixed and Floating charge

10. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 539,232

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
J Boyack and Mrs E R Toms
Balance outstanding at start of year (222,275 ) (322,207 )
Amounts advanced 17,850 108,502
Amounts repaid (61,792 ) (8,570 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (266,217 ) (222,275 )