Registered number
13073732
BO Homes (Yorkshire) Ltd
Filleted Accounts
31 December 2023
BO Homes (Yorkshire) Ltd
Registered number: 13073732
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 207,654 79,319
Current assets
Stocks 1,834,715 1,143,249
Debtors 4 49,023 154,213
Cash at bank and in hand 320,146 481,541
2,203,884 1,779,003
Creditors: amounts falling due within one year 5 (1,520,812) (1,424,505)
Net current assets 683,072 354,498
Total assets less current liabilities 890,726 433,817
Creditors: amounts falling due after more than one year 6 (40,285) -
Net assets 850,441 433,817
Capital and reserves
Called up share capital 4 4
Profit and loss account 850,437 433,813
Shareholders' funds 850,441 433,817
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Forster
Director
Approved by the board on 11 April 2024
BO Homes (Yorkshire) Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
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
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 118,627 - 118,627
Additions 35,414 154,662 190,076
At 31 December 2023 154,041 154,662 308,703
Depreciation
At 1 January 2023 39,308 - 39,308
Charge for the year 30,809 30,932 61,741
At 31 December 2023 70,117 30,932 101,049
Net book value
At 31 December 2023 83,924 123,730 207,654
At 31 December 2022 79,319 - 79,319
4 Debtors 2023 2022
£ £
Other debtors 49,023 154,213
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 38,061 -
Trade creditors 82,146 64,081
Taxation and social security costs 89,168 88,011
Other creditors 1,311,437 1,272,413
1,520,812 1,424,505
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 40,285 -
7 Controlling party
The company is controlled by Mr & Mrs Forster and Mr & Mrs Dunlavey.
8 Other information
BO Homes (Yorkshire) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
50 Hoyland Road
Hoyland Common
Barnsley
S74 0PB
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