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
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
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
Bosham Builders Limited
Statement of financial position
as at 31 August 2023
Tangible assets
16,336
21,782
Investment property
260,765
260,765
Cash at bank and in hand
7,795
14,278
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
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
Bosham Builders Limited
Notes to the Accounts
for the year ended 31 August 2023
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.
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.
The accounts are presented in £ sterling.
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 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.
Bosham Builders Limited
Notes to the Accounts
for the year ended 31 August 2023
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
At 1 September 2022
62,083
At 1 September 2022
40,301
5
Average number of employees
During the year the average number of employees was 2 (2022: 2).