Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-08-01No description of principal activity4846truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04241754 2023-08-01 2024-04-30 04241754 2022-08-01 2023-07-31 04241754 2024-04-30 04241754 2023-07-31 04241754 c:Director1 2023-08-01 2024-04-30 04241754 d:Buildings 2023-08-01 2024-04-30 04241754 d:Buildings 2024-04-30 04241754 d:Buildings 2023-07-31 04241754 d:Buildings d:OwnedOrFreeholdAssets 2023-08-01 2024-04-30 04241754 d:PlantMachinery 2023-08-01 2024-04-30 04241754 d:PlantMachinery 2024-04-30 04241754 d:PlantMachinery 2023-07-31 04241754 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-04-30 04241754 d:MotorVehicles 2023-08-01 2024-04-30 04241754 d:MotorVehicles 2024-04-30 04241754 d:MotorVehicles 2023-07-31 04241754 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-04-30 04241754 d:OwnedOrFreeholdAssets 2023-08-01 2024-04-30 04241754 d:CurrentFinancialInstruments 2024-04-30 04241754 d:CurrentFinancialInstruments 2023-07-31 04241754 d:Non-currentFinancialInstruments 2024-04-30 04241754 d:Non-currentFinancialInstruments 2023-07-31 04241754 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 04241754 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 04241754 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 04241754 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 04241754 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 04241754 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 04241754 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 04241754 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 04241754 d:ShareCapital 2024-04-30 04241754 d:ShareCapital 2023-07-31 04241754 d:RetainedEarningsAccumulatedLosses 2024-04-30 04241754 d:RetainedEarningsAccumulatedLosses 2023-07-31 04241754 c:FRS102 2023-08-01 2024-04-30 04241754 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-04-30 04241754 c:FullAccounts 2023-08-01 2024-04-30 04241754 c:PrivateLimitedCompanyLtd 2023-08-01 2024-04-30 04241754 d:WithinOneYear 2024-04-30 04241754 d:WithinOneYear 2023-07-31 04241754 d:BetweenOneFiveYears 2024-04-30 04241754 d:BetweenOneFiveYears 2023-07-31 04241754 d:MoreThanFiveYears 2024-04-30 04241754 d:MoreThanFiveYears 2023-07-31 04241754 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 04241754 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 04241754 d:TaxLossesCarry-forwardsDeferredTax 2024-04-30 04241754 d:TaxLossesCarry-forwardsDeferredTax 2023-07-31 04241754 d:RetirementBenefitObligationsDeferredTax 2024-04-30 04241754 d:RetirementBenefitObligationsDeferredTax 2023-07-31 04241754 7 2023-08-01 2024-04-30 04241754 e:PoundSterling 2023-08-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 04241754










THE BOOJA BOOJA COMPANY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2024

 
THE BOOJA BOOJA COMPANY LIMITED
REGISTERED NUMBER:04241754

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

30 April
31 July
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,025,532
994,899

  
1,025,532
994,899

Current assets
  

Stocks
  
769,111
761,481

Debtors: amounts falling due within one year
 5 
817,045
851,646

Cash at bank and in hand
  
69,560
71,186

  
1,655,716
1,684,313

Creditors: amounts falling due within one year
 6 
(1,488,070)
(1,662,242)

Net current assets
  
 
 
167,646
 
 
22,071

Total assets less current liabilities
  
1,193,178
1,016,970

Creditors: amounts falling due after more than one year
 7 
(230,140)
(346,337)

Provisions for liabilities
  

Deferred tax
 9 
(177,260)
(56,695)

  
 
 
(177,260)
 
 
(56,695)

Net assets
  
785,778
613,938


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
785,678
613,838

  
785,778
613,938


Page 1

 
THE BOOJA BOOJA COMPANY LIMITED
REGISTERED NUMBER:04241754
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 July 2024.




C G Mace
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
THE BOOJA BOOJA COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

1.


General information

The Booja Booja Company Limited is a private company limited by shares and incorporated in England and Wales, registration number 04241754. The registered office is The Booja Booja Company Ltd, Little Melton Food Park, Little Melton Road, Norwich, Norfolk, NR9 3NP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Going concern

The Director believes that the company's financial statements should be prepared on a going
concern basis on the grounds that current and future sources of funding or support will be more than
adequate for the company's needs. The director has considered a period of twelve months from
the date of approval of the financial statements. The director believes that no further disclosures
relating to the company's ability to continue as a going concern need to be made in the financial
statements.

Page 3

 
THE BOOJA BOOJA COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using a rate set on a monthly basis. Any gain or loss on the settlement of the transactions is then recognised in the Income Statement.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Income Statement except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Income Statement within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Income Statement within 'other operating income'.

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 4

 
THE BOOJA BOOJA COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.7

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
THE BOOJA BOOJA COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.11

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.12

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold land and buildings
-
Nil, 2% straight line
Plant and machinery
-
5%, 10%, 20%, 33% straight line
Motor vehicles
-
33% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 6

 
THE BOOJA BOOJA COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.13

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.14

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

 
2.15

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.16

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.17

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.18

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date.

Page 7

 
THE BOOJA BOOJA COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.19

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.20

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholder.


3.


Employees

The average monthly number of employees, including directors, during the period was 48 (2023 - 46).


4.


Tangible fixed assets







Land and buildings
Plant and machinery etc
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 August 2023
623,484
904,881
7,750
1,536,115


Additions
1,995
122,626
-
124,621



At 30 April 2024

625,479
1,027,507
7,750
1,660,736



Depreciation


At 1 August 2023
38,436
495,530
7,250
541,216


Charge for the period on owned assets
33,363
60,625
-
93,988



At 30 April 2024

71,799
556,155
7,250
635,204



Net book value



At 30 April 2024
553,680
471,352
500
1,025,532



At 31 July 2023
585,048
409,351
500
994,899

Page 8

 
THE BOOJA BOOJA COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

5.


Debtors

30 April
31 July
2024
2023
£
£


Trade debtors
653,007
649,236

Other debtors
69,826
71,582

Prepayments and accrued income
94,212
130,828

817,045
851,646


The amount of factored debt outstanding at the period end was £420,920 (31 July 2023: £503,743).


6.


Creditors: Amounts falling due within one year

30 April
31 July
2024
2023
£
£

Other loans
212,991
453,258

Trade creditors
334,703
487,809

Other taxation and social security
228,433
186,411

Other creditors
426,158
326,274

Accruals and deferred income
285,785
208,490

1,488,070
1,662,242



7.


Creditors: Amounts falling due after more than one year

30 April
31 July
2024
2023
£
£

Other loans
230,140
346,337

230,140
346,337


Secured loans
The factor account has security by way of a charge over the assets of the company. Some of the other loans are also secured against specific assets owned by the company.
Included in other creditors is £314,403 (31 July 2023: £268,089) for funds drawn down at the period end as part of an invoicing discount agreement.  This is secured on a charge over the book debt.

Page 9

 
THE BOOJA BOOJA COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

8.


Loans


Analysis of the maturity of loans is given below:


30 April
31 July
2024
2023
£
£

Amounts falling due within one year

Other loans
212,991
453,258


212,991
453,258

Amounts falling due 1-2 years

Other loans
119,712
163,420


119,712
163,420

Amounts falling due 2-5 years

Other loans
110,428
182,917


110,428
182,917


443,131
799,595



9.


Deferred taxation






2024


£






At beginning of year
(56,695)


Charged to profit or loss
(120,565)



At end of year
(177,260)

Page 10

 
THE BOOJA BOOJA COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

30 April
31 July
2024
2023
£
£


Accelerated capital allowances
(213,431)
(204,565)

Tax losses carried forward
34,619
146,459

Pension surplus
1,552
1,411

(177,260)
(56,695)


10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
The pension cost charge represents contributions payable by the company to the fund and amounted to £56,780 (31 July 2023: £76,112). 


11.


Commitments under operating leases

At 30 April 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

30 April
31 July
2024
2023
£
£


Not later than 1 year
64,494
47,748

Later than 1 year and not later than 5 years
229,054
226,700

Later than 5 years
242,917
284,167

536,465
558,615


12.


Related party transactions

Included within creditors falling due within one year is a director's current account totallling £97,000 (31 July 2023: £39,700).

 
Page 11