Company registration number 9099700 (England and Wales)
BOLONGARO & TREVOR CO. LTD.
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
BOLONGARO & TREVOR CO. LTD.
COMPANY INFORMATION
Directors
Mr M Jalil
Mr M O Jalil
Company number
9099700
Registered office
5 Pembroke Buildings
Cumberland Park
Willesden
London
England
NW10 6RE
Accountants
Kirk Rice LLP
The Courtyard
High Street
Ascot
Berkshire
SL5 7HP
BOLONGARO & TREVOR CO. LTD.
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
BOLONGARO & TREVOR CO. LTD.
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BOLONGARO & TREVOR CO. LTD. FOR THE YEAR ENDED 30 NOVEMBER 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bolongaro & Trevor Co. Ltd. for the year ended 30 November 2023 which comprise, the 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 at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Bolongaro & Trevor Co. Ltd., as a body, in accordance with the terms of our engagement letter dated 15 November 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Bolongaro & Trevor Co. Ltd. and state those matters that we have agreed to state to the board of directors of Bolongaro & Trevor Co. Ltd., as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bolongaro & Trevor Co. Ltd. and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Bolongaro & Trevor Co. Ltd. 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 Bolongaro & Trevor Co. Ltd.. You consider that Bolongaro & Trevor Co. Ltd. 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 Bolongaro & Trevor Co. Ltd.. 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.

Kirk Rice LLP
11 March 2024
The Courtyard
High Street
Ascot
Berkshire
SL5 7HP
BOLONGARO & TREVOR CO. LTD.
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
85,266
85,322
Current assets
Stocks
42,500
73,299
Debtors
5
459,543
1,084,277
Cash at bank and in hand
885,966
1,127,086
1,388,009
2,284,662
Creditors: amounts falling due within one year
6
(196,571)
(659,008)
Net current assets
1,191,438
1,625,654
Total assets less current liabilities
1,276,704
1,710,976
Creditors: amounts falling due after more than one year
7
(17,500)
(27,500)
Provisions for liabilities
(19,135)
(54,911)
Net assets
1,240,069
1,628,565
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
1,240,067
1,628,563
Total equity
1,240,069
1,628,565

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

BOLONGARO & TREVOR CO. LTD.
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2023
30 November 2023
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 11 March 2024 and are signed on its behalf by:
Mr M Jalil
Director
Company registration number 9099700 (England and Wales)
BOLONGARO & TREVOR CO. LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 4 -
1
Accounting policies
Company information

Bolongaro & Trevor Co. Ltd. is a private company limited by shares incorporated in England and Wales. The registered office is 5 Pembroke Buildings, Cumberland Park, Willesden, London, England, NW10 6RE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes in respect of the sale of clothing.

1.3
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
10 years from the inception of the lease
Plant and machinery
33.33% on cost
Fixtures and fittings
33.33% on cost
Computers
33.33% on cost
Motor vehicles
20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Stocks

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

1.6
Taxation

The tax expense represents the current for the period.

BOLONGARO & TREVOR CO. LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.7
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

 

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.8
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.

1.9
Leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
12
16
BOLONGARO & TREVOR CO. LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 6 -
4
Tangible fixed assets
Leasehold land and buildings
Plant and machinery
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 December 2022
81,938
4,412
20,831
2,491
-
0
109,672
Additions
-
0
-
0
-
0
1,568
99,399
100,967
Disposals
(81,938)
(3,276)
-
0
-
0
-
0
(85,214)
At 30 November 2023
-
0
1,136
20,831
4,059
99,399
125,425
Depreciation and impairment
At 1 December 2022
7,374
4,223
10,655
2,098
-
0
24,350
Depreciation charged in the year
-
0
189
5,601
789
19,880
26,459
Eliminated in respect of disposals
(7,374)
(3,276)
-
0
-
0
-
0
(10,650)
At 30 November 2023
-
0
1,136
16,256
2,887
19,880
40,159
Carrying amount
At 30 November 2023
-
0
-
0
4,575
1,172
79,519
85,266
At 30 November 2022
74,564
189
10,176
393
-
0
85,322
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
303,625
874,572
Other debtors
155,918
209,705
459,543
1,084,277
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
10,000
10,000
Trade creditors
118,385
202,767
Taxation and social security
22,380
361,450
Other creditors
45,806
84,791
196,571
659,008
BOLONGARO & TREVOR CO. LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 7 -
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
17,500
27,500
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
221,375
487,125
9
Directors' transactions

Dividends totalling £3,000 (2022 - £161,700) were paid in the year in respect of shares held by the company's directors.

 

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