Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr D S L White 01/01/2023 Mr B R D White 01/01/2023 Mr B W White 18/12/2022 05/09/2008 Mrs T White 18/12/2022 03 January 2024 The principal activity of the Company during the financial year was designing and manufacturing of metal work. 04701101 2023-03-31 04701101 bus:Director1 2023-03-31 04701101 bus:Director2 2023-03-31 04701101 bus:Director3 2023-03-31 04701101 bus:Director4 2023-03-31 04701101 2022-03-31 04701101 core:CurrentFinancialInstruments 2023-03-31 04701101 core:CurrentFinancialInstruments 2022-03-31 04701101 core:Non-currentFinancialInstruments 2023-03-31 04701101 core:Non-currentFinancialInstruments 2022-03-31 04701101 core:ShareCapital 2023-03-31 04701101 core:ShareCapital 2022-03-31 04701101 core:RetainedEarningsAccumulatedLosses 2023-03-31 04701101 core:RetainedEarningsAccumulatedLosses 2022-03-31 04701101 core:PlantMachinery 2022-03-31 04701101 core:Vehicles 2022-03-31 04701101 core:FurnitureFittings 2022-03-31 04701101 core:OfficeEquipment 2022-03-31 04701101 core:PlantMachinery 2023-03-31 04701101 core:Vehicles 2023-03-31 04701101 core:FurnitureFittings 2023-03-31 04701101 core:OfficeEquipment 2023-03-31 04701101 core:CurrentFinancialInstruments core:Secured 2023-03-31 04701101 2022-04-01 2023-03-31 04701101 bus:FullAccounts 2022-04-01 2023-03-31 04701101 bus:SmallEntities 2022-04-01 2023-03-31 04701101 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04701101 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04701101 bus:Director1 2022-04-01 2023-03-31 04701101 bus:Director2 2022-04-01 2023-03-31 04701101 bus:Director3 2022-04-01 2023-03-31 04701101 bus:Director4 2022-04-01 2023-03-31 04701101 core:PlantMachinery core:TopRangeValue 2022-04-01 2023-03-31 04701101 core:Vehicles core:TopRangeValue 2022-04-01 2023-03-31 04701101 core:FurnitureFittings core:TopRangeValue 2022-04-01 2023-03-31 04701101 core:OfficeEquipment core:TopRangeValue 2022-04-01 2023-03-31 04701101 2021-04-01 2022-03-31 04701101 core:PlantMachinery 2022-04-01 2023-03-31 04701101 core:Vehicles 2022-04-01 2023-03-31 04701101 core:FurnitureFittings 2022-04-01 2023-03-31 04701101 core:OfficeEquipment 2022-04-01 2023-03-31 04701101 core:CurrentFinancialInstruments 2022-04-01 2023-03-31 04701101 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 04701101 (England and Wales)

IRONAGE OF BOURNEMOUTH LTD

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

IRONAGE OF BOURNEMOUTH LTD

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

IRONAGE OF BOURNEMOUTH LTD

BALANCE SHEET

As at 31 March 2023
IRONAGE OF BOURNEMOUTH LTD

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 5,606 8,531
5,606 8,531
Current assets
Stocks 4 2,200 2,200
Debtors 5 17,760 8,110
19,960 10,310
Creditors: amounts falling due within one year 6 ( 31,803) ( 24,107)
Net current liabilities (11,843) (13,797)
Total assets less current liabilities (6,237) (5,266)
Creditors: amounts falling due after more than one year 7 ( 4,302) ( 6,297)
Net liabilities ( 10,539) ( 11,563)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 10,639 ) ( 11,663 )
Total shareholders' deficit ( 10,539) ( 11,563)

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 financial statements of Ironage of Bournemouth Ltd (registered number: 04701101) were approved and authorised for issue by the Board of Directors on 03 January 2024. They were signed on its behalf by:

Mrs T White
Director
IRONAGE OF BOURNEMOUTH LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
IRONAGE OF BOURNEMOUTH LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ironage of Bournemouth Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 9 Yeomans Industrial Park, Yeomans Way, Bournemouth, BH8 0BJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight line basis over its expected useful life, as follows:

Plant and machinery 4 years straight line
Vehicles 4 years straight line
Fixtures and fittings 4 years straight line
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 April 2022 1,249 16,800 2,351 350 20,750
At 31 March 2023 1,249 16,800 2,351 350 20,750
Accumulated depreciation
At 01 April 2022 1,249 8,269 2,351 350 12,219
Charge for the financial year 0 2,925 0 0 2,925
At 31 March 2023 1,249 11,194 2,351 350 15,144
Net book value
At 31 March 2023 0 5,606 0 0 5,606
At 31 March 2022 0 8,531 0 0 8,531

4. Stocks

2023 2022
£ £
Stocks 2,200 2,200

5. Debtors

2023 2022
£ £
Trade debtors 14,510 4,860
Other debtors 3,250 3,250
17,760 8,110

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank overdrafts 14,196 6,549
Trade creditors 9,588 0
Amounts owed to directors 1,821 12,694
Other loans (secured) 1,995 1,898
Accruals 4,203 1,880
Other creditors 0 1,086
31,803 24,107

Loans are secured against the assets to which they relate.

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other loans (secured) 4,302 6,297

Loans are secured against the assets to which they relate.