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REGISTERED NUMBER: 03763788 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BOA FP SYSTEMS LIMITED

BOA FP SYSTEMS LIMITED (REGISTERED NUMBER: 03763788)

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


BOA FP SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: P R Livesey





SECRETARY: Mrs P R Livesey





REGISTERED OFFICE: 72 Park Lane
Thatcham
Berkshire
RG18 3PG





REGISTERED NUMBER: 03763788 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Aquis House
49-51 Blagrave Street
Reading
Berkshire
RG1 1PL

BOA FP SYSTEMS LIMITED (REGISTERED NUMBER: 03763788)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 835 1,114

CURRENT ASSETS
Debtors 5 7,650 8,075
Cash at bank 134,767 107,951
142,417 116,026
CREDITORS
Amounts falling due within one year 6 15,671 15,465
NET CURRENT ASSETS 126,746 100,561
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,581

101,675

PROVISIONS FOR LIABILITIES 7 209 212
NET ASSETS 127,372 101,463

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 127,370 101,461
127,372 101,463

BOA FP SYSTEMS LIMITED (REGISTERED NUMBER: 03763788)

BALANCE SHEET - continued
31 MARCH 2023


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 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.

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 director and authorised for issue on 29 October 2023 and were signed by:





P R Livesey - Director


BOA FP SYSTEMS LIMITED (REGISTERED NUMBER: 03763788)

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


1. STATUTORY INFORMATION

The company is a private limited company, which is incorporated and registered in England and Wales (no. 03763788). The address of the registered office is 72 Park Lane, Thatcham, Berkshire, RG18 3PG.

The principal activity of the company is that of software engineering.

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.

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

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.

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.

BOA FP SYSTEMS LIMITED (REGISTERED NUMBER: 03763788)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2022
and 31 March 2023 17,598
DEPRECIATION
At 1 April 2022 16,484
Charge for year 279
At 31 March 2023 16,763
NET BOOK VALUE
At 31 March 2023 835
At 31 March 2022 1,114

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 7,650 8,075

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 6,142 4,929
Social security and other taxes 1,497 1,443
VAT 1,502 1,354
Directors' loan accounts - 2,000
Accruals and deferred income 6,530 5,739
15,671 15,465

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 209 212

BOA FP SYSTEMS LIMITED (REGISTERED NUMBER: 03763788)

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


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 212
Credit to Statement of Income and Retained Earnings during
year

(3

)
Balance at 31 March 2023 209