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REGISTERED NUMBER: 05306636 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BOOSTERS LIMITED

BOOSTERS LIMITED (REGISTERED NUMBER: 05306636)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Statement of Changes in Equity 4

Notes to the Financial Statements 5


BOOSTERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs D E Lee
C J Harrison





REGISTERED OFFICE: Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD





REGISTERED NUMBER: 05306636 (England and Wales)





ACCOUNTANTS: Whitakers
Chartered Accountants
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

BOOSTERS LIMITED (REGISTERED NUMBER: 05306636)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,719 7,469
Tangible assets 5 4,893 12,394
Investments 6 23,500 23,500
33,112 43,363

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 7 86,775 160,230
Cash at bank and in hand 107,023 152,225
195,798 314,455
CREDITORS
Amounts falling due within one year 8 95,571 81,024
NET CURRENT ASSETS 100,227 233,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,339

276,794

CREDITORS
Amounts falling due after more than one
year

9

(14,167

)

(24,167

)

PROVISIONS FOR LIABILITIES (930 ) (2,355 )
NET ASSETS 118,242 250,272

CAPITAL AND RESERVES
Called up share capital 70 100
Capital redemption reserve 30 -
Retained earnings 118,142 250,172
SHAREHOLDERS' FUNDS 118,242 250,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BOOSTERS LIMITED (REGISTERED NUMBER: 05306636)

BALANCE SHEET - continued
31 DECEMBER 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2024 and were signed on its behalf by:




Mrs D E Lee - Director



C J Harrison - Director


BOOSTERS LIMITED (REGISTERED NUMBER: 05306636)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 January 2022 100 219,411 - 219,511

Changes in equity
Profit for the year - 52,721 - 52,721
Total comprehensive income - 52,721 - 52,721
Dividends - (21,960 ) - (21,960 )
Balance at 31 December 2022 100 250,172 - 250,272

Changes in equity
Issue of share capital (30 ) - - (30 )
Deficit for the year - (7,070 ) - (7,070 )
Total comprehensive income - (7,070 ) - (7,070 )
Dividends - (19,960 ) - (19,960 )
Purchase of own shares - (105,000 ) 30 (104,970 )
Balance at 31 December 2023 70 118,142 30 118,242

BOOSTERS LIMITED (REGISTERED NUMBER: 05306636)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Boosters 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 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Customer lists are being amortised evenly over their estimated useful life of two years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


BOOSTERS LIMITED (REGISTERED NUMBER: 05306636)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Customer
Goodwill licences lists Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 55,000 1,969 17,510 74,479
AMORTISATION
At 1 January 2023 49,500 - 17,510 67,010
Amortisation for year 2,750 - - 2,750
At 31 December 2023 52,250 - 17,510 69,760
NET BOOK VALUE
At 31 December 2023 2,750 1,969 - 4,719
At 31 December 2022 5,500 1,969 - 7,469

BOOSTERS LIMITED (REGISTERED NUMBER: 05306636)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Equipment fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 8,635 21,523 6,841 36,999
Additions - 2,166 154 2,320
Disposals (4,658 ) (21,414 ) (950 ) (27,022 )
At 31 December 2023 3,977 2,275 6,045 12,297
DEPRECIATION
At 1 January 2023 7,402 13,543 3,660 24,605
Charge for year 301 562 768 1,631
Eliminated on disposal (4,631 ) (13,516 ) (685 ) (18,832 )
At 31 December 2023 3,072 589 3,743 7,404
NET BOOK VALUE
At 31 December 2023 905 1,686 2,302 4,893
At 31 December 2022 1,233 7,980 3,181 12,394

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.12.23 31.12.22
£    £   
Works of art 23,500 23,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 79,872 148,251
Other debtors 6,903 5,025
Tax - 6,954
86,775 160,230

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 61,025 28,864
Tax 436 11,634
Social security and other taxes 16,400 25,519
Other creditors 7,710 5,007
95,571 81,024

BOOSTERS LIMITED (REGISTERED NUMBER: 05306636)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bounce Back Loan account 14,167 24,167

10. TRANSACTIONS WITH DIRECTORS

During the year the company purchased shares from Mr B A Carroll. Mr B A Carroll owned 50 Ordinary A Shares and 50 Ordinary B Shares before the company purchase of own shares. The total consideration for 30 Ordinary B Shares was £105,000 being the agreed value between the parties at arms length at the date of transfer.

11. ULTIMATE CONTROLLING PARTY

The company is under the control of Mrs D E Lee and Mr C J Harrison by virtue of the fact that between them they control 100% of the company's ordinary shares.