Registered number
07918982
Boutik Research Limited
Filleted Accounts
31 December 2023
Boutik Research Limited
Registered number: 07918982
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,683 2,550
Current assets
Debtors 4 86,024 107,310
Cash at bank and in hand 83,134 69,487
169,158 176,797
Creditors: amounts falling due within one year 5 (75,756) (56,673)
Net current assets 93,402 120,124
Net assets 95,085 122,674
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 94,085 121,674
Shareholders' funds 95,085 122,674
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Karin Heath
Director
Approved by the board on 9 September 2024
Boutik Research Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment 25% straight line
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Office equipment
£
Cost
At 1 January 2023 8,966
Additions -
At 31 December 2023 8,966
Depreciation
At 1 January 2023 6,416
Charge for the year 867
At 31 December 2023 7,283
Net book value
At 31 December 2023 1,683
4 Debtors 2023 2022
£ £
Trade debtors 84,639 94,983
Other debtors 1,385 12,327
86,024 107,310
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 33,985 36,869
Other taxes and social security costs 349 700
Other creditors 41,422 19,104
75,756 56,673
6 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 8,200 8,200
7 Other information
Boutik Research Limited is a private company limited by shares and incorporated in England. Its registered office is:
Vine House
Aston Somerville
Worcestershire
WR12 7JD
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