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REGISTERED NUMBER: 03664262 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Boden and Ward Stonemasons Limited

Boden and Ward Stonemasons Limited (Registered number: 03664262)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


Boden and Ward Stonemasons Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: Mr S P Collins
Mr B L Richards





SECRETARY: Miss A C Saunders





REGISTERED OFFICE: Ox-House Farm
Brington Road
Flore
Northamptonshire
NN7 4NQ





REGISTERED NUMBER: 03664262 (England and Wales)





ACCOUNTANTS: Clifford Roberts
Chartered Accountants
Pacioli House
9 Brookfield
Duncan Close
Northampton
Northamptonshire
NN3 6WL

Boden and Ward Stonemasons Limited (Registered number: 03664262)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 94,856 57,318
Investments 5 1 1
94,857 57,319

CURRENT ASSETS
Stocks 10,000 8,000
Debtors 6 188,163 215,574
Cash at bank and in hand 187,271 305,813
385,434 529,387
CREDITORS
Amounts falling due within one year 7 149,202 249,391
NET CURRENT ASSETS 236,232 279,996
TOTAL ASSETS LESS CURRENT
LIABILITIES

331,089

337,315

CREDITORS
Amounts falling due after more than one
year

8

(57,199

)

(41,209

)

PROVISIONS FOR LIABILITIES (14,734 ) (9,637 )
NET ASSETS 259,156 286,469

CAPITAL AND RESERVES
Called up share capital 12 10 10
Retained earnings 259,146 286,459
SHAREHOLDERS' FUNDS 259,156 286,469

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.

Boden and Ward Stonemasons Limited (Registered number: 03664262)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by:




Mr S P Collins - Director



Mr B L Richards - Director


Boden and Ward Stonemasons Limited (Registered number: 03664262)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Boden and Ward Stonemasons 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. The place of business is Ox-House Farm, Brington Road, Flore, Northampton, NN7 4NQ.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 section 1A - "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102 section 1A") and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis.

The financial statements are presented in sterling (£) and cover the period to 31st March each year.

Preparation of consolidated financial statements
The financial statements contain information about Boden and Ward Stonemasons Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents the total invoice value, excluding value added tax, of fees chargeable during the year together with the estimated value of unbilled fees relating to work carried out for clients which was still in progress at the year end.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Office equipment - 25% on cost
Motor vehicles - 25% on cost

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Boden and Ward Stonemasons Limited (Registered number: 03664262)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 12 ) .

Boden and Ward Stonemasons Limited (Registered number: 03664262)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2022 508,890 39,776 106,177 654,843
Additions 26,330 - 37,000 63,330
At 31 March 2023 535,220 39,776 143,177 718,173
DEPRECIATION
At 1 April 2022 470,710 36,298 90,517 597,525
Charge for year 13,575 1,247 10,970 25,792
At 31 March 2023 484,285 37,545 101,487 623,317
NET BOOK VALUE
At 31 March 2023 50,935 2,231 41,690 94,856
At 31 March 2022 38,180 3,478 15,660 57,318

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 - 40,798 40,798
Additions 26,330 37,000 63,330
At 31 March 2023 26,330 77,798 104,128
DEPRECIATION
At 1 April 2022 - 25,137 25,137
Charge for year 1,097 10,970 12,067
At 31 March 2023 1,097 36,107 37,204
NET BOOK VALUE
At 31 March 2023 25,233 41,691 66,924
At 31 March 2022 - 15,661 15,661

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 1
NET BOOK VALUE
At 31 March 2023 1
At 31 March 2022 1

Boden and Ward Stonemasons Limited (Registered number: 03664262)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 72,404 67,576
Amounts recoverable on contract 5,560 58,931
Other debtors 110,199 89,067
188,163 215,574

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,004
Hire purchase contracts (see note 9) 23,507 10,345
Trade creditors 25,965 22,397
Amounts owed to group undertakings 1 1
Taxation and social security 35,204 97,367
Other creditors 54,525 109,277
149,202 249,391

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 23,340 33,333
Hire purchase contracts (see note 9) 33,859 7,876
57,199 41,209

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 23,507 10,345
Between one and five years 33,859 7,876
57,366 18,221

Non-cancellable operating leases
2023 2022
£    £   
Within one year 29,638 29,638
Between one and five years 88,914 118,552
118,552 148,190

Boden and Ward Stonemasons Limited (Registered number: 03664262)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 57,366 18,221

11. FINANCIAL RISK MANAGEMENT

The company has some exposure to credit, liquidity and cash flow interest rate risks. These risks are limited by the company's financial management policies and practices described below.

Credit risk
The company monitors all customers and suppliers for credit worthiness prior to trading with them to try and mitigate as far as possible against bad debt.

Liquidity risk
The directors have ultimate responsibility for liquidity risk management in maintaining adequate reserves and banking facilities. This is managed through careful planning, negotiation and robust cash flow management procedure built into the day-to-day running of the business.

Market risk
There is a market risk associated with the fluctuation in demand for the services provided, but this is mitigated as far as possible by ensuring the services offered to clients are relevant and up to date.

The company holds no derivative financial instruments at the year end.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
8 Ordinary A £1 8 8
2 Ordinary C £1 2 2
10 10

During the year the company redesignated one Ordinary B share as one Ordinary C share.

13. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the persons with significant control, £Nil (2022 - £37) in respect of their directors' loan accounts. There is no interest accruing on this amount and no fixed terms for repayment.