Company Registration No. 10871836 (England and Wales)
BOROMI LTD
Unaudited accounts
for the year ended 31 July 2023
BOROMI LTD
Unaudited accounts
Contents
BOROMI LTD
Company Information
for the year ended 31 July 2023
Directors
Eve Keough
Harriet Russell
Company Number
10871836 (England and Wales)
Registered Office
71-75 Shelton Street
London
WC2H 9JQ
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
BOROMI LTD
Statement of financial position
as at 31 July 2023
Tangible assets
3,579
3,620
Cash at bank and in hand
17,415
20,856
Creditors: amounts falling due within one year
(35,743)
(24,510)
Net current assets
991
5,489
Total assets less current liabilities
4,570
9,109
Creditors: amounts falling due after more than one year
(15,000)
(3,888)
Net (liabilities)/assets
(10,430)
5,221
Called up share capital
10
10
Profit and loss account
(10,440)
5,211
Shareholders' funds
(10,430)
5,221
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by
Eve Keough
Director
Company Registration No. 10871836
BOROMI LTD
Notes to the Accounts
for the year ended 31 July 2023
BOROMI LTD is a private company, limited by shares, registered in England and Wales, registration number 10871836. The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2022
3,688
4,510
8,198
At 31 July 2023
4,260
5,450
9,710
At 1 August 2022
2,597
1,981
4,578
Charge for the year
459
1,094
1,553
At 31 July 2023
3,056
3,075
6,131
At 31 July 2023
1,204
2,375
3,579
At 31 July 2022
1,091
2,529
3,620
BOROMI LTD
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Accrued income and prepayments
4,918
2,073
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
7,988
1,489
Taxes and social security
823
(4,767)
Loans from directors
6,164
6,664
Deferred income
8,520
10,793
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 4 (2022: 4).