Year Ended
Registration number:
Bournemouth White Lining Ltd
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Bournemouth White Lining Ltd
Balance Sheet
30 June 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Investments |
156,024 |
149,159 |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Bournemouth White Lining Ltd
Balance Sheet
30 June 2023
For the financial 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.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 03482406
Bournemouth White Lining Ltd
Notes to the Unaudited Financial Statements
Year Ended 30 June 2023
General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements are presented in pound sterling and are rounded to the nearest whole pound.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
25% reducing balance |
Office equipment |
4 year straight line |
Motor cars |
25% reducing balance |
Fixtures and fittings |
25% reducing balance |
Bournemouth White Lining Ltd
Notes to the Unaudited Financial Statements
Year Ended 30 June 2023
Stocks
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.
Investments
Current asset investments are included at the lower of costs and net realisable value.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Redeemable preference shares; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Bournemouth White Lining Ltd
Notes to the Unaudited Financial Statements
Year Ended 30 June 2023
Tangible assets |
Furniture, fittings and equipment |
Motor vehicles |
Plant and equipment |
Total |
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Cost or valuation |
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At 1 July 2022 |
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Additions |
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At 30 June 2023 |
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Depreciation |
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At 1 July 2022 |
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Charge for the year |
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At 30 June 2023 |
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Carrying amount |
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At 30 June 2023 |
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At 30 June 2022 |
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Stocks |
2023 |
2022 |
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Other inventories |
26,500 |
26,500 |
Debtors |
2023 |
2022 |
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Trade debtors |
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Prepayments |
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Other debtors |
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Bournemouth White Lining Ltd
Notes to the Unaudited Financial Statements
Year Ended 30 June 2023
Investments |
Financial assets at fair value through profit and loss |
Total |
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Current financial assets |
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Cost or valuation |
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Investment fund fair value brought forward |
149,159 |
149,159 |
Fair value adjustment through the P&L |
6,865 |
6,865 |
At 30 June 2023 |
156,024 |
156,024 |
Carrying amount |
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At 30 June 2023 |
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156,024 |
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Trade creditors |
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Corporation tax |
54,701 |
85,947 |
Social security and other taxes |
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Other creditors |
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Accrued expenses |
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Creditors: amounts falling due after more than one year
2023 |
2022 |
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Due after one year |
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Redeemable preference shares |
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