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30/09/2023
2023-09-30
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No description of principal activities is disclosed
2022-10-01
Sage Accounts Production 23.0 - FRS102_2023
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Company registration number:
07026772
Boston Windscreens Limited
Unaudited filleted financial statements
30 September 2023
Boston Windscreens Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Boston Windscreens Limited
Directors and other information
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Director |
Mr John Marriott |
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Company number |
07026772 |
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Registered office |
75 High Street |
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Boston |
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Lincolnshire |
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PE21 8SX |
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Business address |
Oakwood Manor |
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Lynn Road |
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Kings Lynn |
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Norfolk |
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PE22 0RG |
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Accountants |
Lister & Co |
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75 High Street |
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Boston |
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Lincolnshire |
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PE21 8SX |
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Boston Windscreens Limited
Report to the director on the preparation of the
unaudited statutory financial statements of Boston Windscreens Limited
Year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Boston Windscreens Limited for the year ended 30 September 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the director of Boston Windscreens Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Boston Windscreens Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Boston Windscreens Limited and its director as a body for our work or for this report.
It is your duty to ensure that Boston Windscreens 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 loss of Boston Windscreens Limited. You consider that Boston Windscreens 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 Boston Windscreens 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.
Lister & Co
ACCA
75 High Street
Boston
Lincolnshire
PE21 8SX
2 January 2024
Boston Windscreens Limited
Statement of financial position
30 September 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Intangible assets |
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5 |
- |
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- |
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Tangible assets |
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6 |
266,101 |
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223,961 |
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_______ |
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_______ |
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266,101 |
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223,961 |
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Current assets |
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Debtors |
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7 |
13,689 |
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2,799 |
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Cash at bank and in hand |
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59,649 |
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185,009 |
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_______ |
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_______ |
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73,338 |
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187,808 |
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Creditors: amounts falling due |
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within one year |
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8 |
(
26,724) |
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(
8,796) |
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_______ |
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_______ |
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Net current assets |
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46,614 |
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179,012 |
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_______ |
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_______ |
Total assets less current liabilities |
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312,715 |
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402,973 |
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Provisions for liabilities |
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- |
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(
10,729) |
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_______ |
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_______ |
Net assets |
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312,715 |
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392,244 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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9 |
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400 |
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400 |
Profit and loss account |
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312,315 |
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391,844 |
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_______ |
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_______ |
Shareholders funds |
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312,715 |
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392,244 |
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_______ |
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_______ |
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For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
02 January 2024
, and are signed on behalf of the board by:
Mr John Marriott
Director
Company registration number:
07026772
Boston Windscreens Limited
Notes to the financial statements
Year ended 30 September 2023
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 75 High Street, Boston, Lincolnshire, PE21 8SX.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents the amount receivable for goods sold and services provided during the year net of value added tax.Revenue is recognised when the significant risks and rewards of ownership have transferred to the buyer and it is probable that associated economic benefits will flow to the company.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
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Goodwill |
- |
Straight line over the assets life |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Freehold property |
- |
NIL |
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Plant and machinery |
- |
15 % |
reducing balance |
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Fittings fixtures and equipment |
- |
15 % |
reducing balance |
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Motor vehicles |
- |
25 % |
reducing balance |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Defined contribution plans
The company operates a defined pension scheme in respect of the director and the employees. The scheme and its assets are held by independent managers. The pension costs charged in the financial statements represent the contribution payable by the company during the year. The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employee's service lives.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
4
).
5.
Intangible assets
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Goodwill |
Total |
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£ |
£ |
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Cost |
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At 1 October 2022 and 30 September 2023 |
100,000 |
100,000 |
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_______ |
_______ |
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Amortisation |
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At 1 October 2022 and 30 September 2023 |
100,000 |
100,000 |
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_______ |
_______ |
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Carrying amount |
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At 30 September 2023 |
- |
- |
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_______ |
_______ |
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At 30 September 2022 |
- |
- |
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_______ |
_______ |
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6.
Tangible assets
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Freehold property |
Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 October 2022 |
167,491 |
9,800 |
- |
71,960 |
249,251 |
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Additions |
- |
- |
541 |
58,683 |
59,224 |
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_______ |
_______ |
_______ |
_______ |
_______ |
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At 30 September 2023 |
167,491 |
9,800 |
541 |
130,643 |
308,475 |
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_______ |
_______ |
_______ |
_______ |
_______ |
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Depreciation |
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At 1 October 2022 |
- |
2,303 |
- |
22,987 |
25,290 |
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Charge for the year |
- |
1,125 |
47 |
15,912 |
17,084 |
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_______ |
_______ |
_______ |
_______ |
_______ |
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At 30 September 2023 |
- |
3,428 |
47 |
38,899 |
42,374 |
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_______ |
_______ |
_______ |
_______ |
_______ |
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Carrying amount |
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At 30 September 2023 |
167,491 |
6,372 |
494 |
91,744 |
266,101 |
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_______ |
_______ |
_______ |
_______ |
_______ |
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At 30 September 2022 |
167,491 |
7,497 |
- |
48,973 |
223,961 |
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_______ |
_______ |
_______ |
_______ |
_______ |
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7.
Debtors
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2023 |
2022 |
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£ |
£ |
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Trade debtors |
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1,200 |
- |
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Other debtors |
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12,489 |
2,799 |
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_______ |
_______ |
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13,689 |
2,799 |
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_______ |
_______ |
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8.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Other creditors |
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26,724 |
8,796 |
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_______ |
_______ |
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9.
Called up share capital
Issued, called up and fully paid
|
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2023 |
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2022 |
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No |
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£ |
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No |
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£ |
|
Ordinary shares shares of £
1.00 each |
|
400 |
|
400 |
|
400 |
|
400 |
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_______ |
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_______ |
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_______ |
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_______ |
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