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REGISTERED NUMBER: 06061437 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

BOULTON FINANCIAL SERVICES LIMITED

BOULTON FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 06061437)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOULTON FINANCIAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Mr P Boulton





REGISTERED OFFICE: 13 Trinity Square
Llandudno
Gwynedd
LL30 2RB





REGISTERED NUMBER: 06061437 (England and Wales)





ACCOUNTANTS: Williams Denton Cyf
Chartered Certified Accountants
Glaslyn
Ffordd y Parc
Parc Menai
Bangor
Gwynedd
LL57 4FE

BOULTON FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 06061437)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 93,405 400
Investments 6 18,795 -
112,200 400

CURRENT ASSETS
Debtors 7 216,331 173,756
Cash at bank 29,938 40,295
246,269 214,051
CREDITORS
Amounts falling due within one year 8 38,618 44,758
NET CURRENT ASSETS 207,651 169,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

319,851

169,693

CREDITORS
Amounts falling due after more than one
year

9

(110,883

)

(31,358

)

PROVISIONS FOR LIABILITIES (17,747 ) (76 )
NET ASSETS 191,221 138,259

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 191,219 138,257
SHAREHOLDERS' FUNDS 191,221 138,259

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BOULTON FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 06061437)

BALANCE SHEET - continued
31 JANUARY 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 director and authorised for issue on 18 October 2023 and were signed by:





Mr P Boulton - Director


BOULTON FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 06061437)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Boulton Financial Services 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 2017, 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.
Plant and machinery etc - 33% on cost, 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 1 (2022 - 2 ) .

BOULTON FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 06061437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 25,000
AMORTISATION
At 1 February 2022
and 31 January 2023 25,000
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 4,198
Additions 116,756
Disposals (1,582 )
At 31 January 2023 119,372
DEPRECIATION
At 1 February 2022 3,798
Charge for year 23,751
Eliminated on disposal (1,582 )
At 31 January 2023 25,967
NET BOOK VALUE
At 31 January 2023 93,405
At 31 January 2022 400

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 18,795
At 31 January 2023 18,795
NET BOOK VALUE
At 31 January 2023 18,795

BOULTON FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 06061437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 216,331 173,756

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,800 11,185
Hire purchase contracts 14,063 -
Taxation and social security 13,755 33,573
38,618 44,758

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 21,705 31,358
Hire purchase contracts 89,178 -
110,883 31,358

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
Mr P Boulton
Balance outstanding at start of year 68,645 71,746
Amounts advanced - 173,480
Amounts repaid - (176,581 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 68,645

11. RELATED PARTY DISCLOSURES

Related Party Transactions

Boulton Wealth Management Ltd, a company under common control.

The balance due from Boulton Wealth Management Ltd as at 31 January 2023 was £101,176 (2022: £101,176)

Maximum balance owing during the year was £101,176.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P Boulton.