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Registered Number: 04906746
England and Wales

 

 

 

BOGHAR BROTHERS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3   66,550 
Tangible fixed assets 4   6,430 
  72,980 
Current assets      
Stocks 5   76,500 
Cash at bank and in hand 112,930    113,198 
112,930    189,698 
Creditors: amount falling due within one year 6 (65,864)   (94,735)
Net current assets 47,066    94,963 
 
Total assets less current liabilities 47,066    167,943 
Creditors: amount falling due after more than one year 7 (35,774)   (74,848)
Provisions for liabilities 8   (1,222)
Net assets 11,292    91,873 
 

Capital and reserves
     
Called up share capital 9 100    100 
Profit and loss account 11,192    91,773 
Shareholders' funds 11,292    91,873 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 29 August 2024 and were signed by:


-------------------------------
I Singh
Director
1
General Information
Boghar Brothers Limited is a private company, limited by shares, registered in England and Wales, registration number 04906746, registration address The Orchards, Sutton Lane, Byram, Wakefield, North Yorkshire, WF8 4BB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 9 (2022 : 9).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 December 2022 185,000    185,000 
Additions  
Disposals (66,550)   (66,550)
At 30 November 2023 118,450    118,450 
Amortisation
At 01 December 2022 118,450    118,450 
Charge for year  
On disposals  
At 30 November 2023 118,450    118,450 
Net book values
At 30 November 2023  
At 30 November 2022 66,550    66,550 


4.

Tangible fixed assets

Cost or valuation Plant and machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 December 2022 1,777    11,700    116,422    129,899 
Additions      
Disposals (1,777)   (11,700)   (116,422)   (129,899)
At 30 November 2023      
Depreciation
At 01 December 2022 1,027    11,640    110,802    123,469 
Charge for year      
On disposals (1,027)   (11,640)   (110,802)   (123,469)
At 30 November 2023      
Net book values
Closing balance as at 30 November 2023      
Opening balance as at 01 December 2022 750    60    5,620    6,430 


5.

Stocks

2023
£
  2022
£
Stocks   76,500 
  76,500 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors   15,406 
Bank Loans & Overdrafts 6,213    28,485 
Taxation and Social Security 27,524    17,376 
Other Creditors 32,127    33,468 
65,864    94,735 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 35,774    74,848 
35,774    74,848 
The short and long term loans are secured against the business assets.

8.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax   1,222 
  1,222 

9.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

10.

Director’s loan

Director Loan Account

At 30th November 2023, the director loan account of £22,710 (2022 £16,161) is unsecured, repayable on demand and interest free. During the period the director incurred the following transactions:
Directors Loan   Balance B/F
£
  Advances
£
  Credits
£
  Balance C/F
£
Directors Loan 16,161  (305,279) 311,828  22,710 
16,161  (305,279) 311,828  22,710 

2