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REGISTERED NUMBER: 01587379 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

BOLSONS LIMITED

BOLSONS LIMITED (REGISTERED NUMBER: 01587379)

Contents of the Financial Statements
for the year ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 8

BOLSONS LIMITED

Company Information
for the year ended 30 September 2023







Directors: J J A Cowdry
G Keen





Secretary: J J A Cowdry





Registered office: Collingham House
6-12 Gladstone Road
Wimbledon
London
SW19 1QT





Registered number: 01587379 (England and Wales)





Accountants: Haines Watts South East LLP
Chartered Accountants
Aissela
46 High Street
Esher
Surrey
KT10 9QY

BOLSONS LIMITED (REGISTERED NUMBER: 01587379)

Balance Sheet
30 September 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 - 287,408
Investments 6 682,013 -
682,013 287,408

Current assets
Stocks - 29,018
Debtors 7 9,383 100,401
Cash at bank and in hand 29,226 29,723
38,609 159,142
Creditors
Amounts falling due within one year 8 73,711 43,747
Net current (liabilities)/assets (35,102 ) 115,395
Total assets less current liabilities 646,911 402,803

Capital and reserves
Called up share capital 9 600 600
Capital redemption reserve 25 25
Retained earnings 646,286 402,178
Shareholders' funds 646,911 402,803

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:





J J A Cowdry - Director


BOLSONS LIMITED (REGISTERED NUMBER: 01587379)

Notes to the Financial Statements
for the year ended 30 September 2023


1. Statutory information

Bolsons 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 presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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 rubber stamp in 2011, is being amortised evenly over its estimated useful life of four 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.
Freehold property - 2% on buildings and nil on land
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

BOLSONS LIMITED (REGISTERED NUMBER: 01587379)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 5 (2022 - 5 ) .

BOLSONS LIMITED (REGISTERED NUMBER: 01587379)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


4. Intangible fixed assets
Goodwill
£
Cost
At 1 October 2022 12,000
Disposals (12,000 )
At 30 September 2023 -
Amortisation
At 1 October 2022 12,000
Eliminated on disposal (12,000 )
At 30 September 2023 -
Net book value
At 30 September 2023 -
At 30 September 2022 -

5. Tangible fixed assets
Fixtures
Freehold Plant and and
property machinery fittings
£ £ £
Cost
At 1 October 2022 359,500 78,574 10,880
Disposals (359,500 ) (78,574 ) (10,880 )
At 30 September 2023 - - -
Depreciation
At 1 October 2022 78,155 73,409 10,413
Eliminated on disposal (78,155 ) (73,409 ) (10,413 )
At 30 September 2023 - - -
Net book value
At 30 September 2023 - - -
At 30 September 2022 281,345 5,165 467

BOLSONS LIMITED (REGISTERED NUMBER: 01587379)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


5. Tangible fixed assets - continued

Motor Computer
vehicles equipment Totals
£ £ £
Cost
At 1 October 2022 3,225 35,514 487,693
Disposals (3,225 ) (35,514 ) (487,693 )
At 30 September 2023 - - -
Depreciation
At 1 October 2022 3,220 35,088 200,285
Eliminated on disposal (3,220 ) (35,088 ) (200,285 )
At 30 September 2023 - - -
Net book value
At 30 September 2023 - - -
At 30 September 2022 5 426 287,408

6. Fixed asset investments
Other
investments
£
Cost or valuation
Additions 682,013
At 30 September 2023 682,013
Net book value
At 30 September 2023 682,013

Cost or valuation at 30 September 2023 is represented by:

Other
investments
£
Valuation in 2023 682,013

7. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 105 48,776
Other debtors 2,000 42,587
VAT 7,278 -
Prepayments and accrued income - 9,038
9,383 100,401

BOLSONS LIMITED (REGISTERED NUMBER: 01587379)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


8. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors (57 ) 19,256
Tax 55,211 -
Social security and other taxes 1,750 3,558
VAT - 8,245
Other creditors - 2,000
Accruals and deferred income 16,807 10,688
73,711 43,747

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
600 Ordinary £1 600 600

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Bolsons Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bolsons Limited for the year ended 30 September 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bolsons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bolsons Limited and state those matters that we have agreed to state to the Board of Directors of Bolsons Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bolsons Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bolsons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bolsons Limited. You consider that Bolsons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bolsons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts South East LLP
Chartered Accountants
Aissela
46 High Street
Esher
Surrey
KT10 9QY


20 November 2023