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REGISTERED NUMBER: 08217490 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Boss Plant Sales Limited

Boss Plant Sales Limited (Registered number: 08217490)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Boss Plant Sales Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J M Wiseman
G Stansfield





REGISTERED OFFICE: Unit 23, Airfield Industrial Estate
Cheddington Lane
Long Marston
Tring
Hertfordshire
HP23 4QR





REGISTERED NUMBER: 08217490 (England and Wales)





ACCOUNTANTS: Graeme Bruce & Partners LLP
940 Green Lanes
London
N21 2AD

Boss Plant Sales Limited (Registered number: 08217490)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 579,687 1,594,140
Tangible assets 5 491,414 664,913
Investments 6 57,000 57,000
1,128,101 2,316,053

CURRENT ASSETS
Stocks 1,926,380 561,169
Debtors 7 910,438 860,190
Cash at bank 1,016,361 1,013,901
3,853,179 2,435,260
CREDITORS
Amounts falling due within one year 8 3,264,318 2,042,188
NET CURRENT ASSETS 588,861 393,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,716,962

2,709,125

CREDITORS
Amounts falling due after more than one
year

9

(611,550

)

(881,409

)

PROVISIONS FOR LIABILITIES (64,300 ) (48,800 )
NET ASSETS 1,041,112 1,778,916

CAPITAL AND RESERVES
Called up share capital 80 100
Capital redemption reserve 10 20 -
Retained earnings 10 1,041,012 1,778,816
1,041,112 1,778,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Boss Plant Sales Limited (Registered number: 08217490)

Balance Sheet - continued
31 December 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:




J M Wiseman - Director



G Stansfield - Director


Boss Plant Sales Limited (Registered number: 08217490)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Boss Plant Sales Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised over its estimated life of seven years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 15 ) .

Boss Plant Sales Limited (Registered number: 08217490)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 2,318,750
AMORTISATION
At 1 January 2023 724,610
Charge for year 1,014,453
At 31 December 2023 1,739,063
NET BOOK VALUE
At 31 December 2023 579,687
At 31 December 2022 1,594,140

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 1,783,757
Additions 444,136
Disposals (327,231 )
At 31 December 2023 1,900,662
DEPRECIATION
At 1 January 2023 1,118,844
Charge for year 528,136
Eliminated on disposal (237,732 )
At 31 December 2023 1,409,248
NET BOOK VALUE
At 31 December 2023 491,414
At 31 December 2022 664,913

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 57,000
NET BOOK VALUE
At 31 December 2023 57,000
At 31 December 2022 57,000

Boss Plant Sales Limited (Registered number: 08217490)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 863,937 773,170
Other debtors 46,501 87,020
910,438 860,190

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 350,000 350,000
Hire purchase contracts 87,684 28,716
Trade creditors 1,452,054 872,697
Taxation and social security 862,522 548,285
Other creditors 512,058 242,490
3,264,318 2,042,188

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 495,833 845,833
Hire purchase contracts 115,717 35,576
611,550 881,409

10. RESERVES

Capital redemption reserve

The capital redemption reserve was established in connection with repurchases of shares of the Company.

The capital redemption reserve is not distributable.