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REGISTERED NUMBER: 10013050 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

BOOMERS AND SWINGERS LIMITED

BOOMERS AND SWINGERS LIMITED (REGISTERED NUMBER: 10013050)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Abridged Statement of Financial Position 1

Notes to the Financial Statements 3


BOOMERS AND SWINGERS LIMITED (REGISTERED NUMBER: 10013050)

ABRIDGED STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 18,222 26,321
Tangible assets 5 135,110 132,732
153,332 159,053

CURRENT ASSETS
Stocks 2,425 2,100
Debtors 2,722 18,847
Cash at bank and in hand 7,386 30,040
12,533 50,987
CREDITORS
Amounts falling due within one year 66,812 64,065
NET CURRENT LIABILITIES (54,279 ) (13,078 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,053

145,975

CREDITORS
Amounts falling due after more than one year (67,243 ) (104,911 )

PROVISIONS FOR LIABILITIES (24,602 ) (7,398 )
NET ASSETS 7,208 33,666

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 7,207 33,665
SHAREHOLDERS' FUNDS 7,208 33,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BOOMERS AND SWINGERS LIMITED (REGISTERED NUMBER: 10013050)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 2024


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 12 August 2024 and were signed by:





N Solski - Director


BOOMERS AND SWINGERS LIMITED (REGISTERED NUMBER: 10013050)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Boomers And Swingers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10013050

Registered office: Astley Golf Drive Range Manchester Road
Tyldesley
Manchester
United Kingdom
M29 7EJ

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis through the continued support from its director.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 20% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


BOOMERS AND SWINGERS LIMITED (REGISTERED NUMBER: 10013050)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 29 February 2024 80,985
AMORTISATION
At 1 March 2023 54,664
Amortisation for year 8,099
At 29 February 2024 62,763
NET BOOK VALUE

At 29 February 2024 18,222
At 28 February 2023 26,321

BOOMERS AND SWINGERS LIMITED (REGISTERED NUMBER: 10013050)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 241,030
Additions 36,433
Disposals (9,742 )
At 29 February 2024 267,721
DEPRECIATION
At 1 March 2023 108,298
Charge for year 32,094
Eliminated on disposal (7,781 )
At 29 February 2024 132,611
NET BOOK VALUE
At 29 February 2024 135,110
At 28 February 2023 132,732

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank Loans 35,195 50,279

The debt is secured by way of a fixed and floating charge over the company's assets.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1