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COMPANY REGISTRATION NUMBER: 11920493
Bostall Contracts Ltd
Filleted Unaudited Financial Statements
31 August 2023
Bostall Contracts Ltd
Statement of Financial Position
31 August 2023
31 Aug 23
30 Apr 22
Note
£
£
Current assets
Stocks
44,000
Debtors
4
152,646
34,533
Cash at bank and in hand
55,584
18,042
---------
--------
208,230
96,575
Creditors: amounts falling due within one year
5
345,712
184,775
---------
---------
Net current liabilities
137,482
88,200
---------
--------
Total assets less current liabilities
( 137,482)
( 88,200)
---------
--------
Net liabilities
( 137,482)
( 88,200)
---------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 137,483)
( 88,201)
---------
--------
Shareholders deficit
( 137,482)
( 88,200)
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 August 2024 , and are signed on behalf of the board by:
Mr DO Gayle
Director
Company registration number: 11920493
Bostall Contracts Ltd
Notes to the Financial Statements
Period from 1 May 2022 to 31 August 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Mill, 9 Soar Lane, Leicester, LE3 5DE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Debtors
31 Aug 23
30 Apr 22
£
£
Trade debtors
2,483
Other debtors
150,163
34,533
---------
--------
152,646
34,533
---------
--------
5. Creditors: amounts falling due within one year
31 Aug 23
30 Apr 22
£
£
Trade creditors
428
427
Social security and other taxes
93,722
137,348
Other creditors
251,562
47,000
---------
---------
345,712
184,775
---------
---------
6. Going concern
The companies liabilities exceed its assets by £137,482 as at the year end. The directors have stated that they will continue to support the company and therefore the company will continue on a going concern basis.
7. Related party transactions
During the year the company was provided with an interest free loan of £248,312 (2022: £44,000) from a related party. The amount due is repayable on demand. During the year the company provided interest free loans totalling £150,163 (2022: £34,533) from related parties. The amount due is repayable on demand.