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COMPANY REGISTRATION NUMBER: 13306103
Boultbee Developments Group Services Limited
Unaudited Financial Statements
31 December 2023
Boultbee Developments Group Services Limited
Financial Statements
Year ended 31 December 2023
Contents
Page
Directors' report
1
Statement of comprehensive income
2
Statement of financial position
3
Statement of changes in equity
4
Notes to the financial statements
5
Boultbee Developments Group Services Limited
Directors' Report
Year ended 31 December 2023
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2023 .
Principal activities
The principal activity of the company was provision of project development services.
Directors
The directors who served the company during the year were as follows:
L. Roberts
C.E. Boultbee Brooks
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 12 September 2024 and signed on behalf of the board by:
L. Roberts
Director
Registered office:
Formal House
60 St Georges Place
Cheltenham
GL50 3PN
Boultbee Developments Group Services Limited
Statement of Comprehensive Income
Year ended 31 December 2023
2023
2022
Note
£
£
Turnover
319,344
178,507
---------
---------
Gross profit
319,344
178,507
Administrative expenses
152,532
162,800
---------
---------
Operating profit
166,812
15,707
---------
---------
Profit before taxation
5
166,812
15,707
Tax on profit
( 3,000)
3,000
---------
--------
Profit for the financial year and total comprehensive income
169,812
12,707
---------
--------
All the activities of the company are from continuing operations.
Boultbee Developments Group Services Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
6
481
642
Current assets
Debtors
7
671,869
310,656
Creditors: amounts falling due within one year
8
491,275
300,035
---------
---------
Net current assets
180,594
10,621
---------
--------
Total assets less current liabilities
181,075
11,263
---------
--------
Net assets
181,075
11,263
---------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
180,975
11,163
---------
--------
Shareholders funds
181,075
11,263
---------
--------
These financial statements have been prepared 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'.
For the year ending 31 December 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 .
These financial statements were approved by the board of directors and authorised for issue on 12 September 2024 , and are signed on behalf of the board by:
L. Roberts
Director
Company registration number: 13306103
Boultbee Developments Group Services Limited
Statement of Changes in Equity
Year ended 31 December 2023
Called up share capital
Profit and loss account
Total
£
£
£
At 1 January 2022
100
( 1,544)
( 1,444)
Profit for the year
12,707
12,707
----
--------
--------
Total comprehensive income for the year
12,707
12,707
At 31 December 2022
100
11,163
11,263
Profit for the year
169,812
169,812
----
---------
---------
Total comprehensive income for the year
169,812
169,812
----
---------
---------
At 31 December 2023
100
180,975
181,075
----
---------
---------
Boultbee Developments Group Services Limited
Notes to the Financial Statements
Year ended 31 December 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 Formal House, 60 St Georges Place, Cheltenham, GL50 3PN.
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. 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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
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.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. 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. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
5. Profit before taxation
Profit before taxation is stated after charging:
2023
2022
£
£
Depreciation of tangible assets
161
214
----
----
6. Tangible assets
Equipment
£
Cost
At 1 January 2023 and 31 December 2023
1,054
-------
Depreciation
At 1 January 2023
412
Charge for the year
161
-------
At 31 December 2023
573
-------
Carrying amount
At 31 December 2023
481
-------
At 31 December 2022
642
-------
7. Debtors
2023
2022
£
£
Trade debtors
671,869
310,656
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
168,078
164,496
Amounts owed to group undertakings and undertakings in which the company has a participating interest
265,314
103,278
Corporation tax
3,000
Social security and other taxes
48,151
27,993
Other creditors
9,732
1,268
---------
---------
491,275
300,035
---------
---------
9. Controlling party
The parent company is Boultbee Developments Limited. The ultimate parent company is Boultbee Developments Holdings Limited. Both are registered at; Formal House, 60 St Georges Place, Cheltenham, GL50 3PN.