Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-01-01falsesand gravel and general builder merchants2126true 00375105 2023-01-01 2023-12-31 00375105 2022-01-01 2022-12-31 00375105 2023-12-31 00375105 2022-12-31 00375105 c:Director2 2023-01-01 2023-12-31 00375105 d:Buildings 2023-01-01 2023-12-31 00375105 d:Buildings 2023-12-31 00375105 d:Buildings 2022-12-31 00375105 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00375105 d:Buildings d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 00375105 d:PlantMachinery 2023-01-01 2023-12-31 00375105 d:PlantMachinery 2023-12-31 00375105 d:PlantMachinery 2022-12-31 00375105 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00375105 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 00375105 d:MotorVehicles 2023-01-01 2023-12-31 00375105 d:MotorVehicles 2023-12-31 00375105 d:MotorVehicles 2022-12-31 00375105 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00375105 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 00375105 d:FurnitureFittings 2023-01-01 2023-12-31 00375105 d:FurnitureFittings 2023-12-31 00375105 d:FurnitureFittings 2022-12-31 00375105 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00375105 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 00375105 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00375105 d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 00375105 d:CurrentFinancialInstruments 2023-12-31 00375105 d:CurrentFinancialInstruments 2022-12-31 00375105 d:Non-currentFinancialInstruments 2023-12-31 00375105 d:Non-currentFinancialInstruments 2022-12-31 00375105 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00375105 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00375105 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 00375105 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 00375105 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 00375105 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 00375105 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 00375105 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 00375105 d:ShareCapital 2023-12-31 00375105 d:ShareCapital 2022-12-31 00375105 d:CapitalRedemptionReserve 2023-12-31 00375105 d:CapitalRedemptionReserve 2022-12-31 00375105 d:RetainedEarningsAccumulatedLosses 2023-12-31 00375105 d:RetainedEarningsAccumulatedLosses 2022-12-31 00375105 c:OrdinaryShareClass1 2023-01-01 2023-12-31 00375105 c:OrdinaryShareClass1 2023-12-31 00375105 c:OrdinaryShareClass1 2022-12-31 00375105 c:OrdinaryShareClass2 2023-01-01 2023-12-31 00375105 c:OrdinaryShareClass2 2023-12-31 00375105 c:OrdinaryShareClass2 2022-12-31 00375105 c:OrdinaryShareClass3 2023-01-01 2023-12-31 00375105 c:OrdinaryShareClass3 2023-12-31 00375105 c:OrdinaryShareClass3 2022-12-31 00375105 c:OrdinaryShareClass4 2023-01-01 2023-12-31 00375105 c:OrdinaryShareClass4 2023-12-31 00375105 c:OrdinaryShareClass4 2022-12-31 00375105 c:FRS102 2023-01-01 2023-12-31 00375105 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00375105 c:FullAccounts 2023-01-01 2023-12-31 00375105 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00375105 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 00375105 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 00375105 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 00375105 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 00375105 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-12-31 00375105 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-12-31 00375105 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 00375105 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-12-31 00375105 d:LeasedAssetsHeldAsLessee 2023-12-31 00375105 d:LeasedAssetsHeldAsLessee 2022-12-31 00375105 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00375105









BOSWELL BROS. (SALISBURY) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BOSWELL BROS. (SALISBURY) LIMITED
REGISTERED NUMBER: 00375105

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
790,314
875,057

  
790,314
875,057

Current assets
  

Stocks
 5 
105,265
104,909

Debtors: amounts falling due within one year
 6 
115,038
161,092

Cash at bank and in hand
 7 
127,859
110,005

  
348,162
376,006

Creditors: amounts falling due within one year
 8 
(565,969)
(361,618)

Net current (liabilities)/assets
  
 
 
(217,807)
 
 
14,388

Total assets less current liabilities
  
572,507
889,445

Creditors: amounts falling due after more than one year
 9 
(267,418)
(374,873)

  

Net assets
  
305,089
514,572


Capital and reserves
  

Called up share capital 
 12 
2,800
2,800

Capital redemption reserve
  
58,060
58,060

Profit and loss account
  
244,229
453,712

  
305,089
514,572


Page 1

 
BOSWELL BROS. (SALISBURY) LIMITED
REGISTERED NUMBER: 00375105
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 September 2024.





................................................
J Boswell
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
BOSWELL BROS. (SALISBURY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The Company is a private company limited by shares, incorporated in England. The principal activity throughout the year was that of sand, gravel and general builder merchants.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
BOSWELL BROS. (SALISBURY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance and straight line basis.

Depreciation is provided on the following basis:

Freehold property
-
  2% Straight line
Plant and machinery
-
20% Reducing balance
Motor vehicles
-
25% Reducing balance
Fixtures and fittings
-
33% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
BOSWELL BROS. (SALISBURY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2022 - 26).

Page 5

 
BOSWELL BROS. (SALISBURY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
158,895
717,481
1,428,861
5,787
2,311,024


Additions
-
49,000
77,215
-
126,215


Disposals
-
-
(54,037)
-
(54,037)



At 31 December 2023

158,895
766,481
1,452,039
5,787
2,383,202



Depreciation


At 1 January 2023
14,451
467,627
948,102
5,787
1,435,967


Charge for the year on owned assets
3,178
16,176
21,104
-
40,458


Charge for the year on financed assets
-
43,593
115,553
-
159,146


Disposals
-
-
(42,683)
-
(42,683)



At 31 December 2023

17,629
527,396
1,042,076
5,787
1,592,888



Net book value



At 31 December 2023
141,266
239,085
409,963
-
790,314



At 31 December 2022
144,444
249,854
480,759
-
875,057

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
174,374
178,029

Motor vehicles
346,655
415,337

521,029
593,366

Page 6

 
BOSWELL BROS. (SALISBURY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Stock and work in progress

2023
2022
£
£

Raw materials and consumables
15,215
14,920

Work in progress
13,938
14,104

Finished goods and goods for resale
76,112
75,885

105,265
104,909



6.


Debtors

2023
2022
£
£


Trade debtors
111,239
144,562

Other debtors
1,711
14,946

Prepayments and accrued income
2,088
1,584

115,038
161,092



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
127,859
110,005

127,859
110,005


Page 7

 
BOSWELL BROS. (SALISBURY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
15,996
15,996

Trade creditors
146,572
58,458

Other taxation and social security
43,262
71,542

Obligations under finance lease and hire purchase contracts
166,954
166,316

Other creditors
188,825
45,137

Accruals and deferred income
4,360
4,169

565,969
361,618


The bank loan is secured. Hire purchase is secured against the asset concerned.


9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
3,033
21,241

Net obligations under finance leases and hire purchase contracts
264,385
353,632

267,418
374,873


The bank loan is secured. Hire purchase is secured against the asset concerned.


10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
15,996
15,996

Amounts falling due 1-2 years

Bank loans
3,033
15,996

Amounts falling due 2-5 years

Bank loans
-
5,245


19,029
37,237


Page 8

 
BOSWELL BROS. (SALISBURY) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
166,954
166,316

Between 1-5 years
264,385
353,632

431,339
519,948


12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2,700 (2022 - 2,700) Ordinary 'A' shares of £1 each
2,700
2,700
35 (2022 - 35) Ordinary 'B' shares of £1 each
35
35
30 (2022 - 30) Ordinary 'C' shares of £1 each
30
30
35 (2022 - 35) Ordinary 'D' shares of £1 each
35
35

2,800

2,800



13.


Pension commitments

The Company operates a defined contributions pension scheme in respect of the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £33,356 (2022- £33,665). Contributions totalling £4,046 (2022 - £5,077) were payable to the fund at the balance sheet date.


14.


Controlling party

There is no overall controlling party.

 
Page 9