Company Registration No. 10218544 (England and Wales)
Boldlink - SIG Ltd
Unaudited accounts
for the year ended 30 June 2023
Boldlink - SIG Ltd
Unaudited accounts
Contents
Boldlink - SIG Ltd
Company Information
for the year ended 30 June 2023
Company Number
10218544 (England and Wales)
Registered Office
128 City Road
London
EC1V 2NX
Accountants
Cloudkeepers London Ltd
124 City Road
London
EC1V 2NX
Boldlink - SIG Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
18,250
23,988
Cash at bank and in hand
76,747
118,367
Creditors: amounts falling due within one year
(81,265)
(67,384)
Net current (liabilities)/assets
(1,476)
54,902
Total assets less current liabilities
16,774
78,890
Creditors: amounts falling due after more than one year
(27,081)
(37,946)
Net (liabilities)/assets
(10,307)
40,944
Called up share capital
1
1
Profit and loss account
(10,308)
40,943
Shareholders' funds
(10,307)
40,944
For the year ending 30 June 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 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 5 April 2024 and were signed on its behalf by
Hugo Almeida
Director
Company Registration No. 10218544
Boldlink - SIG Ltd
Notes to the Accounts
for the year ended 30 June 2023
Boldlink - SIG Ltd is a private company, limited by shares, registered in England and Wales, registration number 10218544. The registered office is 128 City Road, London, EC1V 2NX.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention and in accordance with
FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its
expected useful life, as follows:
Motor vehicles
5 years straight line
Computer equipment
33.33% straight line
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences
between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been
enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Boldlink - SIG Ltd
Notes to the Accounts
for the year ended 30 June 2023
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2022
24,940
3,290
28,230
At 30 June 2023
24,940
3,290
28,230
At 1 July 2022
2,494
1,748
4,242
Charge for the year
4,988
750
5,738
At 30 June 2023
7,482
2,498
9,980
At 30 June 2023
17,458
792
18,250
At 30 June 2022
22,446
1,542
23,988
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
258
11,222
Other creditors
6,594
4,179
Loans from directors
48,678
46,564
Deferred income
5,419
5,419
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).