Boom! Dialogue Limited
Unaudited Financial Statements
For the year ended 31 August 2023
Pages for Filing with Registrar
Company Registration No. 06923452 (England and Wales)
Boom! Dialogue Limited
Company Information
Director
Neal Justin Crosby
Company number
06923452
Registered office
6th Floor
Charlotte Building
London
United Kingdom
W1T 1QL
Accountants
Moore Kingston Smith LLP
6th Floor
Charlotte Building
17 Gresse Street
London
W1T 1QL
Business address
Unit 35
Elstree Film and TV Studios
Shenley Road
Borehamwood
Herts
WD6 1LJ
Boom! Dialogue Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
Boom! Dialogue Limited
Balance Sheet
As at 31 August 2023
Page 1
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,448
4,520
Current assets
Debtors
4
110,523
34,075
Cash at bank and in hand
1,128
41,720
111,651
75,795
Creditors: amounts falling due within one year
5
(99,015)
(58,904)
Net current assets
12,636
16,891
Total assets less current liabilities
17,084
21,411
Creditors: amounts falling due after more than one year
6
(13,343)
(20,368)
Net assets
3,741
1,043
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
3,641
943
Total equity
3,741
1,043

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Boom! Dialogue Limited
Balance Sheet (Continued)
As at 31 August 2023
Page 2
The financial statements were approved and signed by the director and authorised for issue on 31 July 2024
Neal Justin Crosby
Director
Company Registration No. 06923452
Boom! Dialogue Limited
Notes to the Financial Statements
For the year ended 31 August 2023
Page 3
1
Accounting policies
Company information

Boom! Dialogue Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o 6th Floor Charlotte Building, 17 Gresse Street, London, United Kingdom, W1T 1QL.

1.1
Accounting convention

These financial statements have been prepared in accordance with section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Going concern

These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the director is aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern.

1.3
Turnover

Turnover represents amounts receivable for services provided.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
33% per annum on a reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Boom! Dialogue Limited
Notes to the Financial Statements (Continued)
For the year ended 31 August 2023
1
Accounting policies
(Continued)
Page 4
1.6
Financial instruments

The company has only basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
2
Boom! Dialogue Limited
Notes to the Financial Statements (Continued)
For the year ended 31 August 2023
Page 5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022
32,367
Additions
1,615
Disposals
(25,622)
At 31 August 2023
8,360
Depreciation and impairment
At 1 September 2022
27,847
Depreciation charged in the year
1,687
Eliminated in respect of disposals
(25,622)
At 31 August 2023
3,912
Carrying amount
At 31 August 2023
4,448
At 31 August 2022
4,520
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
17,266
26,320
Other debtors
82,827
7,755
Prepayments and accrued income
10,430
-
0
110,523
34,075
Boom! Dialogue Limited
Notes to the Financial Statements (Continued)
For the year ended 31 August 2023
Page 6
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
48,514
6,852
Trade creditors
21,399
8,831
Corporation tax
14,907
13,734
Other taxation and social security
1,055
9,227
Other creditors
-
5,919
Accruals and deferred income
13,140
14,341
99,015
58,904
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
13,343
20,368
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
Within one year
5,180
4,988
5,180
4,988
9
Related party transactions

During the year the company paid to the director dividends of £9,800 (2022: £58,500).

 

Included in other debtors as at the year end is a sum of £63,699 (2022: £5,919 owed to the director) owed from the director to the company.

Boom! Dialogue Limited
Notes to the Financial Statements (Continued)
For the year ended 31 August 2023
Page 7
10
Parent company

The company is under control of Mr Neal Justin Crosby who is the sole director and sole shareholder of the company.

 

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