Company Registration No. 09276032 (England and Wales)
Boss Motorcompany Ltd
Unaudited accounts
for the year ended 31 October 2023
Boss Motorcompany Ltd
Unaudited accounts
Contents
Boss Motorcompany Ltd
Company Information
for the year ended 31 October 2023
Company Number
09276032 (England and Wales)
Registered Office
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
United Kingdom
Accountants
S A Acc'y Ltd
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
Boss Motorcompany Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
694,276
684,130
Inventories
1,051,047
1,536,229
Cash at bank and in hand
79,710
69,456
Creditors: amounts falling due within one year
(981,260)
(1,111,701)
Net current assets
356,612
565,196
Total assets less current liabilities
1,050,888
1,249,326
Creditors: amounts falling due after more than one year
(355,858)
(632,957)
Provisions for liabilities
Deferred tax
(4,099)
(4,952)
Net assets
690,931
611,417
Called up share capital
100
100
Profit and loss account
690,831
611,317
Shareholders' funds
690,931
611,417
For the year ending 31 October 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 25 July 2024 and were signed on its behalf by
M Bloch
Director
Company Registration No. 09276032
Boss Motorcompany Ltd
Notes to the Accounts
for the year ended 31 October 2023
Boss Motorcompany Ltd is a private company, limited by shares, registered in England and Wales, registration number 09276032. The registered office is The Corner House, 4 Beaumont Road, Church Stretton, Shropshire, SY6 6BN, United Kingdom.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% per annum on cost
Fixtures & fittings
10% per annum on cost
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
658,413
52,991
17,831
729,235
Additions
14,290
-
3,265
17,555
At 31 October 2023
672,703
52,991
21,096
746,790
At 1 November 2022
-
35,463
9,642
45,105
Charge for the year
-
5,299
2,110
7,409
At 31 October 2023
-
40,762
11,752
52,514
At 31 October 2023
672,703
12,229
9,344
694,276
At 31 October 2022
658,413
17,528
8,189
684,130
Boss Motorcompany Ltd
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
207,115
70,250
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
493,672
593,375
Taxes and social security
63,826
110,732
Other creditors
127,871
127,871
Loans from directors
283,891
271,916
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
355,858
632,957
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
During the year Boss Wheels Ltd, a company in which Mr S Bloch is director, charged £0 (2020: £nil) to the company for services undertaken. At the year end the company owed Boss Wheels Ltd £80,000 (2020: £80000).
10
Average number of employees
During the year the average number of employees was 6 (2022: 6).