2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,513,879 205,815 2,719,694 2,719,694 2,513,879 xbrli:pure xbrli:shares iso4217:GBP 07716214 2022-09-01 2023-08-31 07716214 2023-08-31 07716214 2022-08-31 07716214 2021-09-01 2022-08-31 07716214 2022-08-31 07716214 2021-08-31 07716214 bus:Director3 2022-09-01 2023-08-31 07716214 core:LandBuildings core:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 07716214 core:AfterOneYear 2023-08-31 07716214 core:AfterOneYear 2022-08-31 07716214 core:WithinOneYear 2023-08-31 07716214 core:WithinOneYear 2022-08-31 07716214 core:ShareCapital 2023-08-31 07716214 core:ShareCapital 2022-08-31 07716214 core:RetainedEarningsAccumulatedLosses 2023-08-31 07716214 core:RetainedEarningsAccumulatedLosses 2022-08-31 07716214 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 07716214 core:LandBuildings core:OwnedOrFreeholdAssets 2022-08-31 07716214 core:LandBuildings core:OwnedOrFreeholdAssets 2022-08-31 07716214 bus:SmallEntities 2022-09-01 2023-08-31 07716214 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 07716214 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 07716214 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 07716214 bus:FullAccounts 2022-09-01 2023-08-31
COMPANY REGISTRATION NUMBER: 07716214
BOS3 Manchester Limited
Filleted Unaudited Financial Statements
31 August 2023
BOS3 Manchester Limited
Statement of Financial Position
31 August 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
2,719,694
2,513,879
Current assets
Stocks
840,000
840,000
Debtors
6
4,326,318
Investments
7
108
108
Cash at bank and in hand
12,701
8,829
------------
---------
5,179,127
848,937
Creditors: amounts falling due within one year
8
12,971
33,964
------------
---------
Net current assets
5,166,156
814,973
------------
------------
Total assets less current liabilities
7,885,850
3,328,852
Creditors: amounts falling due after more than one year
9
7,197,099
2,675,883
------------
------------
Net assets
688,751
652,969
------------
------------
Capital and reserves
Called up share capital
2
2
Profit and loss account
688,749
652,967
---------
---------
Shareholders funds
688,751
652,969
---------
---------
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 statement of income and retained earnings has not been delivered.
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BOS3 Manchester Limited
Statement of Financial Position (continued)
31 August 2023
These financial statements were approved by the board of directors and authorised for issue on 30 August 2024 , and are signed on behalf of the board by:
Mr A Zolghadriha
Director
Company registration number: 07716214
BOS3 Manchester Limited
Notes to the Financial Statements
Year ended 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 3a Wynnstay Grove, Fallowfield, Manchester, M14 6XG, England.
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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.
Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Freehold property
£
Cost
At 1 September 2022
2,513,879
Additions
205,815
------------
At 31 August 2023
2,719,694
------------
Depreciation
At 1 September 2022 and 31 August 2023
------------
Carrying amount
At 31 August 2023
2,719,694
------------
At 31 August 2022
2,513,879
------------
6. Debtors
2023
2022
£
£
Trade debtors
2,348
Amounts owed by group undertakings and undertakings in which the company has a participating interest
4,323,970
------------
----
4,326,318
------------
----
7. Investments
2023
2022
£
£
Shares in subsidiaries
108
108
----
----
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
5,237
Corporation tax
8,946
Social security and other taxes
12,971
19,781
--------
--------
12,971
33,964
--------
--------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
7,197,099
2,374,581
Amounts owed to associated company
301,302
------------
------------
7,197,099
2,675,883
------------
------------
Other creditors include £301,302 owed to associated companies (£93,734-2021).
10. Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or or received. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.