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Company Registration No. 10152483 (England and Wales)
Bulworthy Lodges Ltd Unaudited accounts for the year ended 31 March 2024
Bulworthy Lodges Ltd Unaudited accounts Contents
Page
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Bulworthy Lodges Ltd Company Information for the year ended 31 March 2024
Director
Elizabeth Wilton
Company Number
10152483 (England and Wales)
Registered Office
Bulworthy Forest House Webbery Bideford EX39 4PU
Accountants
Westerly Accountancy Ltd 24 Orchard Road Wrafton Braunton EX33 2DZ
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Bulworthy Lodges Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
395,924 
417,618 
Tangible assets
740,814 
729,600 
1,136,738 
1,147,218 
Current assets
Debtors
- 
1,104 
Cash at bank and in hand
38,689 
41,190 
38,689 
42,294 
Creditors: amounts falling due within one year
(32,083)
(47,637)
Net current assets/(liabilities)
6,606 
(5,343)
Total assets less current liabilities
1,143,344 
1,141,875 
Creditors: amounts falling due after more than one year
(1,007,760)
(1,036,344)
Net assets
135,584 
105,531 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
135,484 
105,431 
Shareholders' funds
135,584 
105,531 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 September 2024 and were signed on its behalf by
Elizabeth Wilton Director Company Registration No. 10152483
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Bulworthy Lodges Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Bulworthy Lodges Ltd is a private company, limited by shares, registered in England and Wales, registration number 10152483. The registered office is Bulworthy Forest House, Webbery, Bideford, EX39 4PU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Buildings - Straight line 40 years
Plant & machinery
Straight line 3-5 years
Motor vehicles
Straight line 3 years
Fixtures & fittings
Straight line 5 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Goodwill - 20 years straight line
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
433,889 
At 31 March 2024
433,889 
Amortisation
At 1 April 2023
16,271 
Charge for the year
21,694 
At 31 March 2024
37,965 
Net book value
At 31 March 2024
395,924 
At 31 March 2023
417,618 
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Bulworthy Lodges Ltd Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
718,359 
16,668 
5,733 
2,951 
743,711 
Additions
14,073 
10,483 
- 
8,666 
33,222 
At 31 March 2024
732,432 
27,151 
5,733 
11,617 
776,933 
Depreciation
At 1 April 2023
9,719 
2,516 
1,433 
443 
14,111 
Charge for the year
14,287 
4,283 
1,911 
1,527 
22,008 
At 31 March 2024
24,006 
6,799 
3,344 
1,970 
36,119 
Net book value
At 31 March 2024
708,426 
20,352 
2,389 
9,647 
740,814 
At 31 March 2023
708,640 
14,152 
4,300 
2,508 
729,600 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
100 
Accrued income and prepayments
- 
1,004 
- 
1,104 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
22,446 
21,775 
VAT
3,110 
4,701 
Taxes and social security
153 
19,652 
Other creditors
5,827 
62 
Accruals
547 
1,447 
32,083 
47,637 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
276,839 
290,328 
Loans from directors
730,921 
746,016 
1,007,760 
1,036,344 
The loan to Nat West bank plc is secured and repayable by July-37. Interest is payable at 2.75% above base rate.
9
Average number of employees
During the year the average number of employees was 9 (2023: 7).
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