03170980falseRetail sales of sports goods 2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-03-31http://www.companieshouse.gov.uk/cd:Director12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2022-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director22022-04-012023-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22022-04-012023-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-03-31http://www.companieshouse.gov.uk/2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/cd:FRS1022022-04-012023-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-04-012023-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03170980

Boardwise Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
Cooper & Co.
Certified Public Accountants
Broad Court
57 Broad Street
Bridgtown
Cannock
WS11 0DA

Boardwise Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
Mr I M Gregorelli
Mr D R Foden
REGISTERED OFFICE
20 Cross Street
Bridgtown
Cannock
Staffordshire
WS11 0BZ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03170980
ACCOUNTANTS
Cooper & Co.
Certified Public Accountants
Broad Court
57 Broad Street
Bridgtown
Cannock
WS11 0DA

Boardwise Ltd

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Boardwise Ltd

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets37,8279,310
CURRENT ASSETS
Stock885,400725,500
Debtors511,36810,235
Cash at bank and in hand44
896,772735,739
CREDITORS: Amounts falling due within one year6588,738493,853
NET CURRENT ASSETS308,034241,886
TOTAL ASSETS LESS CURRENT LIABILITIES315,861251,196
CAPITAL AND RESERVES
Called up share capital7102102
Profit and loss account315,759251,094
SHAREHOLDERS' FUNDS315,861251,196
For the year ending 31/03/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/11/2023 and signed on their behalf by
.............................
Mr I M Gregorelli
Director
.............................
Mr D R Foden
Director

Boardwise Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 15%
Commercial Vehicles 25%
Fixtures and Fittings 15%
Equipment 20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees88

Boardwise Ltd

3. TANGIBLE FIXED ASSETS
Long LeaseholdPlant andCommercialFixtures
PropertiesMachineryVehiclesand FittingsEquipmentTotal
££££££
Cost
At 01/04/202226,72119,38766,39231,64941,535185,684
Additions----1,7951,795
At 31/03/202326,72119,38766,39231,64943,330187,479
Depreciation
At 01/04/202226,72118,78859,22830,81440,823176,374
For the year-841,0682041,9223,278
At 31/03/202326,72118,87260,29631,01842,745179,652
Net Book Amounts
At 31/03/2023-5156,0966315857,827
At 31/03/2022-5997,1648357129,310
4. STOCK 20232022
££
Stock comprises:
Stock885,400725,500
885,400725,500
5. DEBTORS 20232022
££
Amounts falling due within one year
Other debtors1,800800
Directors current account9,5689,435
11,36810,235

Boardwise Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax52,85230,581
VAT4,61013,162
PAYE control5,3275,493
Salaries and wages control10,91710,684
Directors current account 68,9284,691
Bank loans and overdrafts36,28719,348
Bounce back loan31,70141,667
Trade creditors373,208362,524
Other creditors4,5625,530
Pension schemes346173
588,738493,853
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
2 Class B shares of £1 each22
102102
8. RELATED PARTY TRANSACTIONS
Mr I M Gregorelli, a director of the company, holds a controlling interest (66%) in the issued share capital of the company.
Mr Gregorelli also owns the premises from which the company conducts most of its business. During the year Mr Gregorelli charges £17,300 rent in respect of this property (2022: £17,300).
Mr Gregorelli has also granted a mortgage debenture in favour of the company's bank as security for the overdraft facility.
9. SECURED CREDITOR
The following secured debts are included in creditors: bank overdraft £36,287 (2022: £19,348).