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REGISTERED NUMBER: 10013050 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

BOOMERS AND SWINGERS LIMITED

BOOMERS AND SWINGERS LIMITED (REGISTERED NUMBER: 10013050)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Abridged Statement of Financial Position 1

Notes to the Financial Statements 3


BOOMERS AND SWINGERS LIMITED (REGISTERED NUMBER: 10013050)

ABRIDGED STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 26,321 34,419
Tangible assets 5 132,732 69,506
159,053 103,925

CURRENT ASSETS
Stocks 2,100 2,200
Debtors 18,847 3,230
Cash at bank and in hand 30,040 75,531
50,987 80,961
CREDITORS
Amounts falling due within one year 64,065 53,599
NET CURRENT (LIABILITIES)/ASSETS (13,078 ) 27,362
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,975

131,287

CREDITORS
Amounts falling due after more than one year (104,911 ) (81,967 )

PROVISIONS FOR LIABILITIES (7,398 ) (11,187 )
NET ASSETS 33,666 38,133

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 33,665 38,132
SHAREHOLDERS' FUNDS 33,666 38,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

BOOMERS AND SWINGERS LIMITED (REGISTERED NUMBER: 10013050)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue by the director and authorised for issue on 26 October 2023 and were signed by:





N Solski - Director


BOOMERS AND SWINGERS LIMITED (REGISTERED NUMBER: 10013050)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Boomers And Swingers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10013050

Registered office: Astley Golf Drive Range Manchester Road
Tyldesley
Manchester
United Kingdom
M29 7EJ

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 2016, is being amortised evenly over its estimated useful life of ten 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.
Land and buildings - 10% on cost
Plant and machinery etc - 20% on cost and 10% on 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 statement of financial position date.


BOOMERS AND SWINGERS LIMITED (REGISTERED NUMBER: 10013050)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 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 statement of financial position 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022
and 28 February 2023 80,985
AMORTISATION
At 1 March 2022 46,566
Amortisation for year 8,098
At 28 February 2023 54,664
NET BOOK VALUE

At 28 February 2023 26,321
At 28 February 2022 34,419

BOOMERS AND SWINGERS LIMITED (REGISTERED NUMBER: 10013050)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 155,588
Additions 85,442
At 28 February 2023 241,030
DEPRECIATION
At 1 March 2022 86,082
Charge for year 22,216
At 28 February 2023 108,298
NET BOOK VALUE
At 28 February 2023 132,732
At 28 February 2022 69,506

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank Loans 50,279 65,364

The debt is secured by way of a fixed and floating charge over the company's assets.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
N Solski
Balance outstanding at start of year - 7,590
Amounts advanced - 18,198
Amounts repaid - (25,788 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -