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Company Registration No. 14612384 (England and Wales)
Boom-Buddy Limited Unaudited accounts for the period from 23 January 2023 to 31 March 2024
Boom-Buddy Limited Unaudited accounts Contents
Page
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Boom-Buddy Limited Company Information for the period from 23 January 2023 to 31 March 2024
Director
John Gordon McCombie
Company Number
14612384 (England and Wales)
Registered Office
21 The Glenmore Centre Jessop Court Quedgeley Gloucester GL2 2AP England
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Boom-Buddy Limited Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
151,352 
Current assets
Debtors
12,867 
Cash at bank and in hand
1,678 
14,545 
Creditors: amounts falling due within one year
(89,249)
Net current liabilities
(74,704)
Total assets less current liabilities
76,648 
Creditors: amounts falling due after more than one year
(71,206)
Net assets
5,442 
Capital and reserves
Called up share capital
100 
Profit and loss account
5,342 
Shareholders' funds
5,442 
For the period ending 31 March 2024 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 director acknowledges his 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 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 and authorised for issue on 2 April 2024 and were signed on its behalf by
John Gordon McCombie Director Company Registration No. 14612384
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Boom-Buddy Limited Notes to the Accounts for the period from 23 January 2023 to 31 March 2024
1
Statutory information
Boom-Buddy Limited is a private company, limited by shares, registered in England and Wales, registration number 14612384. The registered office is 21 The Glenmore Centre Jessop Court, Quedgeley, Gloucester, GL2 2AP, England.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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:
Investment property
Investment property is included at market fair value. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Boom-Buddy Limited Notes to the Accounts for the period from 23 January 2023 to 31 March 2024
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 23 January 2023
- 
Additions
151,352 
At 31 March 2024
151,352 
Depreciation
At 31 March 2024
- 
Net book value
At 31 March 2024
151,352 
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
673 
Accrued income and prepayments
94 
Other debtors
12,100 
12,867 
6
Creditors: amounts falling due within one year
2024 
£ 
Bank loans and overdrafts
1,407 
VAT
489 
Amounts owed to group undertakings and other participating interests
82,000 
Taxes and social security
1,253 
Other creditors
3,600 
Accruals
500 
89,249 
7
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
71,206 
8
Average number of employees
During the period the average number of employees was 0.
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