Boulter, Hepturn and Watts Limited 09630425 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is tailoring. Digita Accounts Production Advanced 6.30.9574.0 true true 09630425 2022-10-01 2023-09-30 09630425 2023-09-30 09630425 core:RetainedEarningsAccumulatedLosses 2023-09-30 09630425 core:ShareCapital 2023-09-30 09630425 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 09630425 core:FurnitureFittingsToolsEquipment 2023-09-30 09630425 core:LandBuildings 2023-09-30 09630425 core:OtherPropertyPlantEquipment 2023-09-30 09630425 bus:SmallEntities 2022-10-01 2023-09-30 09630425 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 09630425 bus:FullAccounts 2022-10-01 2023-09-30 09630425 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 09630425 bus:RegisteredOffice 2022-10-01 2023-09-30 09630425 bus:Director1 2022-10-01 2023-09-30 09630425 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 09630425 bus:Agent1 2022-10-01 2023-09-30 09630425 core:FurnitureFittingsToolsEquipment 2022-10-01 2023-09-30 09630425 core:LandBuildings 2022-10-01 2023-09-30 09630425 core:OfficeEquipment 2022-10-01 2023-09-30 09630425 core:OtherPropertyPlantEquipment 2022-10-01 2023-09-30 09630425 core:PlantMachinery 2022-10-01 2023-09-30 09630425 countries:England 2022-10-01 2023-09-30 09630425 2022-09-30 09630425 core:FurnitureFittingsToolsEquipment 2022-09-30 09630425 core:LandBuildings 2022-09-30 09630425 core:OtherPropertyPlantEquipment 2022-09-30 09630425 2021-10-01 2022-09-30 09630425 2022-09-30 09630425 core:RetainedEarningsAccumulatedLosses 2022-09-30 09630425 core:ShareCapital 2022-09-30 09630425 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 09630425 core:FurnitureFittingsToolsEquipment 2022-09-30 09630425 core:LandBuildings 2022-09-30 09630425 core:OtherPropertyPlantEquipment 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 09630425

Boulter, Hepturn and Watts Limited

trading as Boulter, Hepburn and Watts Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

Boulter, Hepturn and Watts Limited

trading as Boulter, Hepburn and Watts Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Boulter, Hepturn and Watts Limited

trading as Boulter, Hepburn and Watts Limited

Company Information

Director

S R Dorrington

Registered office

DeVines Bellefield House
104 New London Road
Chelmsford
Essex
CM2 0RG

Accountants

DeVines Accountants Limited
Bellefield House
104 New London Road
Chelmsford
Essex
CM2 0RG

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Boulter, Hepturn and Watts Limited

trading as Boulter, Hepburn and Watts Limited
for the Year Ended 30 September 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Boulter, Hepturn and Watts Limited for the year ended 30 September 2023 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Boulter, Hepturn and Watts Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Boulter, Hepturn and Watts Limited and state those matters that we have agreed to state to the Board of Directors of Boulter, Hepturn and Watts Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Boulter, Hepturn and Watts Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Boulter, Hepturn and Watts Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Boulter, Hepturn and Watts Limited. You consider that Boulter, Hepturn and Watts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Boulter, Hepturn and Watts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

DeVines Accountants Limited
Bellefield House
104 New London Road
Chelmsford
Essex
CM2 0RG

30 September 2024

 

Boulter, Hepturn and Watts Limited

trading as Boulter, Hepburn and Watts Limited

(Registration number: 09630425)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

49,342

1,730

Current assets

 

Stocks

6,580

11,950

Debtors

5

20,719

22,506

Cash at bank and in hand

 

81,729

83,579

 

109,028

118,035

Creditors: Amounts falling due within one year

6

(25,709)

(32,383)

Net current assets

 

83,319

85,652

Total assets less current liabilities

 

132,661

87,382

Provisions for liabilities

(270)

(329)

Net assets

 

132,391

87,053

Capital and reserves

 

Called up share capital

3

3

Profit and loss account

132,388

87,050

 

132,391

87,053

For the financial year ending 30 September 2023 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 September 2024
 

 

Boulter, Hepturn and Watts Limited

trading as Boulter, Hepburn and Watts Limited

(Registration number: 09630425)
Balance Sheet as at 30 September 2023

.........................................
S R Dorrington
Director

 

Boulter, Hepturn and Watts Limited

trading as Boulter, Hepburn and Watts Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

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

The address of its registered office is:
DeVines Bellefield House
104 New London Road
Chelmsford
Essex
CM2 0RG

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

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

Government grants

Grants under the Coronavirus Job Retention Scheme and the Retail, Hospitality and Leisure Business Granst Fund are accounted for as other income and in the period in which they are received.

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.

 

Boulter, Hepturn and Watts Limited

trading as Boulter, Hepburn and Watts Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

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

Plant and machinery

15% reducing balance

Office equipment

25% reducing balance

Land and buildings

not depreciated

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or 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.

 

Boulter, Hepturn and Watts Limited

trading as Boulter, Hepburn and Watts Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Boulter, Hepturn and Watts Limited

trading as Boulter, Hepburn and Watts Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2022

-

1,250

3,295

4,545

Additions

47,919

-

-

47,919

At 30 September 2023

47,919

1,250

3,295

52,464

Depreciation

At 1 October 2022

-

769

2,046

2,815

Charge for the year

-

120

187

307

At 30 September 2023

-

889

2,233

3,122

Net book value

At 30 September 2023

47,919

361

1,062

49,342

At 30 September 2022

-

481

1,249

1,730

Included within the net book value of land and buildings above is £47,919 (2022 - £Nil) in respect of freehold land and buildings.
 

5

Debtors

Current

2023
£

2022
£

Trade debtors

6,637

5,845

Prepayments

1,969

5,850

Other debtors

12,113

10,811

 

20,719

22,506

 

Boulter, Hepturn and Watts Limited

trading as Boulter, Hepburn and Watts Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,026

2,295

Taxation and social security

12,740

17,616

Other creditors

11,943

12,472

25,709

32,383

7

Reserves

The only movement on reserves in this period are profits and dividends ( 2022-profits ).