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Company Registration No. 10919990 (England and Wales)
Bosham Builders Limited Unaudited accounts for the year ended 31 August 2023
Bosham Builders Limited Unaudited accounts Contents
Page
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Bosham Builders Limited Company Information for the year ended 31 August 2023
Directors
Mr L Strurgess Mrs C Sturgess
Company Number
10919990 (England and Wales)
Registered Office
6 Weyhill Close Portchester Fareham Hampshire PO16 8EL
Accountants
Horn & Co. Accountants Limited 6 Weyhill Close Portchester Fareham Hampshire PO16 8EL
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Bosham Builders Limited for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bosham Builders Limited for the year ended 31 August 2023 as set out on pages 5 - 7 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 https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken 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.
Horn & Co. Accountants Limited Chartered Certified Accountants 6 Weyhill Close Portchester Fareham Hampshire PO16 8EL 2 February 2024
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Bosham Builders Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,336 
21,782 
Investment property
260,765 
260,765 
277,101 
282,547 
Current assets
Inventories
- 
3,900 
Debtors
1,140 
- 
Cash at bank and in hand
7,795 
14,278 
8,935 
18,178 
Creditors: amounts falling due within one year
(50,074)
(56,684)
Net current liabilities
(41,139)
(38,506)
Total assets less current liabilities
235,962 
244,041 
Provisions for liabilities
Deferred tax
(13,775)
(15,098)
Net assets
222,187 
228,943 
Capital and reserves
Called up share capital
140 
140 
Profit and loss account
222,047 
228,803 
Shareholders' funds
222,187 
228,943 
For the year ending 31 August 2023 the company was entitled to exemption from audit 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 February 2024 and were signed on its behalf by
Mr L Strurgess Director Company Registration No. 10919990
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Bosham Builders Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Bosham Builders Limited is a private company, limited by shares, registered in England and Wales, registration number 10919990. The registered office is 6 Weyhill Close, Portchester, Fareham, Hampshire, PO16 8EL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33% straight line
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement. 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 period end. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the period end. 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.
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Bosham Builders Limited Notes to the Accounts for the year ended 31 August 2023
Investment property
Investment property is included at market fair value based on the Land Registry House Price Index. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The original cost of the investment property was £208,921.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 September 2022
62,083 
At 31 August 2023
62,083 
Depreciation
At 1 September 2022
40,301 
Charge for the year
5,446 
At 31 August 2023
45,747 
Net book value
At 31 August 2023
16,336 
At 31 August 2022
21,782 
5
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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