Bold Revolutions Limited 09364514 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is management consultancy. Digita Accounts Production Advanced 6.30.9574.0 true 09364514 2023-04-01 2024-03-31 09364514 2024-03-31 09364514 core:RetainedEarningsAccumulatedLosses 2024-03-31 09364514 core:ShareCapital 2024-03-31 09364514 core:CurrentFinancialInstruments 2024-03-31 09364514 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09364514 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09364514 core:FurnitureFittingsToolsEquipment 2024-03-31 09364514 core:LandBuildings 2024-03-31 09364514 core:MotorVehicles 2024-03-31 09364514 bus:SmallEntities 2023-04-01 2024-03-31 09364514 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09364514 bus:FilletedAccounts 2023-04-01 2024-03-31 09364514 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09364514 bus:RegisteredOffice 2023-04-01 2024-03-31 09364514 bus:Director1 2023-04-01 2024-03-31 09364514 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09364514 core:FurnitureFittings 2023-04-01 2024-03-31 09364514 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 09364514 core:LandBuildings 2023-04-01 2024-03-31 09364514 core:MotorVehicles 2023-04-01 2024-03-31 09364514 core:Vehicles 2023-04-01 2024-03-31 09364514 countries:EnglandWales 2023-04-01 2024-03-31 09364514 2023-03-31 09364514 core:FurnitureFittingsToolsEquipment 2023-03-31 09364514 core:LandBuildings 2023-03-31 09364514 core:MotorVehicles 2023-03-31 09364514 2022-04-01 2023-03-31 09364514 2023-03-31 09364514 core:RetainedEarningsAccumulatedLosses 2023-03-31 09364514 core:ShareCapital 2023-03-31 09364514 core:CurrentFinancialInstruments 2023-03-31 09364514 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09364514 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 09364514 core:FurnitureFittingsToolsEquipment 2023-03-31 09364514 core:LandBuildings 2023-03-31 09364514 core:MotorVehicles 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 09364514

Bold Revolutions Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

Pages for filing with Registrar

 

Bold Revolutions Limited

Contents


 

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Bold Revolutions Limited

Company Information


 

Director

Mr D A Thomas

Registered office

Woodstock
Old Lane
Horwich
Bolton
Lancashire
BL6 6QL

 

Bold Revolutions Limited

(Registration number: 09364514)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

67,991

68,356

Current assets

 

Stocks

-

1,930

Debtors

5

36,390

1,285

Cash at bank and in hand

 

117,185

41,440

 

153,575

44,655

Creditors: Amounts falling due within one year

6

(84,836)

(35,932)

Net current assets

 

68,739

8,723

Total assets less current liabilities

 

136,730

77,079

Creditors: Amounts falling due after more than one year

6

(37,911)

(38,647)

Provisions for liabilities

(16,832)

(12,988)

Net assets

 

81,987

25,444

Capital and reserves

 

Called up share capital

19

19

Retained earnings

81,968

25,425

Shareholders' funds

 

81,987

25,444

 

Bold Revolutions Limited

(Registration number: 09364514)
Balance Sheet as at 31 March 2024 (continued)

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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 August 2024
 

.........................................
Mr D A Thomas
Director

 

Bold Revolutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Woodstock
Old Lane
Horwich
Bolton
Lancashire
BL6 6QL

These financial statements were authorised for issue by the director on 30 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Bold Revolutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Government grants

The company recognises government grants on the accruals model under FRS102.

Grants that compensate the company for expenses incurred are recognised in profit or loss on a systematic basis in the periods in which the expenses are recognised.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

33% and 15% Straight line

Motor vehicles

20% Reducing balance

Land

Not depreciated

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Bold Revolutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Bold Revolutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Classification
The Company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company’s statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and liability simultaneously.

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

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Bold Revolutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Tangible assets

Land and buildings
£

Fixtures, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

74,351

20,836

733

95,920

Additions

-

4,919

-

4,919

At 31 March 2024

74,351

25,755

733

100,839

Depreciation

At 1 April 2023

7,452

19,713

398

27,563

Charge for the year

4,070

1,148

67

5,285

At 31 March 2024

11,522

20,861

465

32,848

Carrying amount

At 31 March 2024

62,829

4,894

268

67,991

At 31 March 2023

66,899

1,123

334

68,356

5

Debtors

Current

2024
£

2023
£

Trade debtors

32,845

-

Prepayments

3,545

1,285

 

36,390

1,285

 

Bold Revolutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Loans and borrowings

8,835

8,617

Trade creditors

 

2,062

-

Taxation and social security

 

68,670

19,574

Accruals and deferred income

 

317

1,075

Other creditors

 

4,952

6,666

 

84,836

35,932

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Loans and borrowings

37,911

38,647