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REGISTERED NUMBER: 06061437 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

BOULTON FINANCIAL SERVICES LIMITED

BOULTON FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 06061437)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BOULTON FINANCIAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr P Boulton





REGISTERED OFFICE: 13 Trinity Square
Llandudno
Gwynedd
LL30 2RB





REGISTERED NUMBER: 06061437 (England and Wales)





ACCOUNTANTS: Williams Denton Cyf
Chartered Certified Accountants
Glaslyn
Ffordd y Parc
Parc Menai
Bangor
Gwynedd
LL57 4FE

BOULTON FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 06061437)

ABRIDGED BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 75,257 93,405
Investments 6 18,795 18,795
94,052 112,200

CURRENT ASSETS
Debtors 362,152 216,331
Cash at bank 21,776 29,938
383,928 246,269
CREDITORS
Amounts falling due within one year 87,959 38,618
NET CURRENT ASSETS 295,969 207,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

390,021

319,851

CREDITORS
Amounts falling due after more than one
year

(80,801

)

(110,883

)

PROVISIONS FOR LIABILITIES (13,411 ) (17,747 )
NET ASSETS 295,809 191,221

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 295,807 191,219
SHAREHOLDERS' FUNDS 295,809 191,221

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BOULTON FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 06061437)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2024 and were signed by:





Mr P Boulton - Director


BOULTON FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 06061437)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Boulton Financial Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

Pension costs and other post-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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

BOULTON FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 06061437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 25,000
AMORTISATION
At 1 February 2023
and 31 January 2024 25,000
NET BOOK VALUE

At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 118,173
Additions 799
Disposals (1,199 )
At 31 January 2024 117,773
DEPRECIATION
At 1 February 2023 24,768
Charge for year 18,947
Eliminated on disposal (1,199 )
At 31 January 2024 42,516
NET BOOK VALUE
At 31 January 2024 75,257
At 31 January 2023 93,405

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 February 2023
and 31 January 2024 18,795
NET BOOK VALUE
At 31 January 2024 18,795
At 31 January 2023 18,795

BOULTON FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 06061437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr P Boulton
Balance outstanding at start of year 110,891 68,645
Amounts advanced 165,141 140,604
Amounts repaid (74,463 ) (98,358 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 201,569 110,891

8. RELATED PARTY DISCLOSURES

Related Party Transactions

Boulton Wealth Management Ltd, a company under common control.

The balance due from Boulton Wealth Management Ltd as at 31 January 2024 was £154,176 (2023: £101,176)

Maximum balance owing during the year was £101,176.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P Boulton.