Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Alexandra Deryn Osband 12/09/2012 Philip Daniel Osband 12/09/2012 04 September 2024 The principal activity of the Company during the financial year was that of manufacturing and retailing of shoe deodorisers. 08212413 2024-03-31 08212413 bus:Director1 2024-03-31 08212413 bus:Director2 2024-03-31 08212413 2023-03-31 08212413 core:CurrentFinancialInstruments 2024-03-31 08212413 core:CurrentFinancialInstruments 2023-03-31 08212413 core:Non-currentFinancialInstruments 2024-03-31 08212413 core:Non-currentFinancialInstruments 2023-03-31 08212413 core:ShareCapital 2024-03-31 08212413 core:ShareCapital 2023-03-31 08212413 core:RetainedEarningsAccumulatedLosses 2024-03-31 08212413 core:RetainedEarningsAccumulatedLosses 2023-03-31 08212413 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 08212413 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 08212413 core:PlantMachinery 2023-03-31 08212413 core:PlantMachinery 2024-03-31 08212413 core:CostValuation 2023-03-31 08212413 core:CostValuation 2024-03-31 08212413 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-03-31 08212413 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-03-31 08212413 2023-04-01 2024-03-31 08212413 bus:FilletedAccounts 2023-04-01 2024-03-31 08212413 bus:SmallEntities 2023-04-01 2024-03-31 08212413 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08212413 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08212413 bus:Director1 2023-04-01 2024-03-31 08212413 bus:Director2 2023-04-01 2024-03-31 08212413 core:PatentsTrademarksLicencesConcessionsSimilar core:BottomRangeValue 2023-04-01 2024-03-31 08212413 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2023-04-01 2024-03-31 08212413 core:PlantMachinery 2023-04-01 2024-03-31 08212413 2022-04-01 2023-03-31 08212413 core:PatentsTrademarksLicencesConcessionsSimilar 2023-04-01 2024-03-31 08212413 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 08212413 (England and Wales)

BOOT BANANAS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

BOOT BANANAS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

BOOT BANANAS LIMITED

BALANCE SHEET

As at 31 March 2024
BOOT BANANAS LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 35,075 9,629
Tangible assets 4 4,948 5,720
Investments 5 803 803
40,826 16,152
Current assets
Stocks 6 108,368 57,681
Debtors 7 384,349 382,477
Cash at bank and in hand 52,414 50,508
545,131 490,666
Creditors: amounts falling due within one year 8 ( 365,633) ( 304,353)
Net current assets 179,498 186,313
Total assets less current liabilities 220,324 202,465
Creditors: amounts falling due after more than one year 9 ( 189,973) ( 244,724)
Net assets/(liabilities) 30,351 ( 42,259)
Capital and reserves
Called-up share capital 100 100
Profit and loss account 30,251 ( 42,359 )
Total shareholders' funds/(deficit) 30,351 ( 42,259)

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Boot Bananas Limited (registered number: 08212413) were approved and authorised for issue by the Board of Directors on 04 September 2024. They were signed on its behalf by:

Philip Daniel Osband
Director
BOOT BANANAS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
BOOT BANANAS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Boot Bananas Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences 5 - 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Trademarks, patents
and licences
Total
£ £
Cost
At 01 April 2023 58,177 58,177
Additions 30,636 30,636
At 31 March 2024 88,813 88,813
Accumulated amortisation
At 01 April 2023 48,548 48,548
Charge for the financial year 5,190 5,190
At 31 March 2024 53,738 53,738
Net book value
At 31 March 2024 35,075 35,075
At 31 March 2023 9,629 9,629

4. Tangible assets

Plant and machinery Total
£ £
Cost
At 01 April 2023 17,928 17,928
Additions 854 854
At 31 March 2024 18,782 18,782
Accumulated depreciation
At 01 April 2023 12,208 12,208
Charge for the financial year 1,626 1,626
At 31 March 2024 13,834 13,834
Net book value
At 31 March 2024 4,948 4,948
At 31 March 2023 5,720 5,720

5. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 April 2023 803
At 31 March 2024 803
Carrying value at 31 March 2024 803
Carrying value at 31 March 2023 803

6. Stocks

2024 2023
£ £
Stocks 108,368 57,681

7. Debtors

2024 2023
£ £
Trade debtors 83,272 101,484
Amounts owed by own subsidiaries 254,286 253,503
Other debtors 46,791 27,490
384,349 382,477

8. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,000 10,000
Trade creditors 7,082 1,850
Taxation and social security 99,236 43,951
Other creditors 249,315 248,552
365,633 304,353

9. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 17,629 29,880
Other creditors 172,344 214,844
189,973 244,724

There are no amounts included above in respect of which any security has been given by the small entity.