Bovill Lead Limited NI058807 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is lead work Digita Accounts Production Advanced 6.30.9574.0 true true NI058807 2022-04-01 2023-03-31 NI058807 2023-03-31 NI058807 bus:OrdinaryShareClass1 2023-03-31 NI058807 core:CurrentFinancialInstruments 2023-03-31 NI058807 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 NI058807 core:FurnitureFittingsToolsEquipment 2023-03-31 NI058807 core:LandBuildings 2023-03-31 NI058807 core:MotorVehicles 2023-03-31 NI058807 core:OtherPropertyPlantEquipment 2023-03-31 NI058807 bus:SmallEntities 2022-04-01 2023-03-31 NI058807 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 NI058807 bus:FullAccounts 2022-04-01 2023-03-31 NI058807 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 NI058807 bus:RegisteredOffice 2022-04-01 2023-03-31 NI058807 bus:Director2 2022-04-01 2023-03-31 NI058807 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 NI058807 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 NI058807 core:FurnitureFittings 2022-04-01 2023-03-31 NI058807 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 NI058807 core:LandBuildings 2022-04-01 2023-03-31 NI058807 core:MotorVehicles 2022-04-01 2023-03-31 NI058807 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 NI058807 core:PlantMachinery 2022-04-01 2023-03-31 NI058807 countries:NorthernIreland 2022-04-01 2023-03-31 NI058807 2022-03-31 NI058807 core:FurnitureFittingsToolsEquipment 2022-03-31 NI058807 core:LandBuildings 2022-03-31 NI058807 core:MotorVehicles 2022-03-31 NI058807 core:OtherPropertyPlantEquipment 2022-03-31 NI058807 2021-04-01 2022-03-31 NI058807 2022-03-31 NI058807 bus:OrdinaryShareClass1 2022-03-31 NI058807 core:CurrentFinancialInstruments 2022-03-31 NI058807 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 NI058807 core:FurnitureFittingsToolsEquipment 2022-03-31 NI058807 core:LandBuildings 2022-03-31 NI058807 core:MotorVehicles 2022-03-31 NI058807 core:OtherPropertyPlantEquipment 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI058807

Bovill Lead Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Bovill Lead Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Bovill Lead Limited

(Registration number: NI058807)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

70,651

28,445

Current assets

 

Stocks

5

27,702

37,813

Debtors

6

62,420

60,706

Cash at bank and in hand

 

25,709

956

 

115,831

99,475

Creditors: Amounts falling due within one year

7

(54,894)

(46,527)

Net current assets

 

60,937

52,948

Total assets less current liabilities

 

131,588

81,393

Provisions for liabilities

(10,199)

(2,100)

Net assets

 

121,389

79,293

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

121,289

79,193

Shareholders' funds

 

121,389

79,293

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 November 2023 and signed on its behalf by:
 

.........................................
Mr Samuel Hugh Bovill
Director

 

Bovill Lead Limited

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

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
51-53 Thomas Street
Ballymena
Co Antrim
BT43 6AZ
Northern Ireland

The principal place of business is:
170E Largy Road
Ahoghill
Ballymena
Co Antrim
BT42 2RQ

These financial statements were authorised for issue by the Board on 6 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Bovill Lead Limited

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

2% straight line

Plant and machinery

20% straight line

Fixture and fittings

20% straight line

Motor vehicles

20% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

 

Bovill Lead Limited

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

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2022

20,980

11,952

33,716

75,357

142,005

Additions

-

1,145

26,000

28,050

55,195

Disposals

-

-

(18,816)

-

(18,816)

At 31 March 2023

20,980

13,097

40,900

103,407

178,384

Depreciation

At 1 April 2022

3,590

9,648

33,716

66,606

113,560

Charge for the year

420

1,430

5,200

5,939

12,989

Eliminated on disposal

-

-

(18,816)

-

(18,816)

At 31 March 2023

4,010

11,078

20,100

72,545

107,733

Carrying amount

At 31 March 2023

16,970

2,019

20,800

30,862

70,651

At 31 March 2022

17,390

2,304

-

8,751

28,445

Included within the net book value of land and buildings above is £16,970 (2022 - £17,390) in respect of freehold land and buildings.
 

 

Bovill Lead Limited

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

5

Stocks

2023
£

2022
£

Work in progress

3,577

4,272

Stock

24,125

33,541

27,702

37,813

6

Debtors

Current

2023
£

2022
£

Trade debtors

53,109

60,706

Other debtors

9,311

-

 

62,420

60,706

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

-

1,649

Trade creditors

 

17,405

10,281

Taxation and social security

 

25,043

12,529

Accruals and deferred income

 

3,550

3,400

Other creditors

 

8,896

18,668

 

54,894

46,527

Creditors: amounts falling due after more than one year

2023
£

2022
£

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100