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REGISTERED NUMBER: SC560058 (Scotland)











































Bojangles Weddings Limited

Unaudited Financial Statements

for the Year Ended 31st March 2024






Bojangles Weddings Limited (Registered number: SC560058)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 6


Bojangles Weddings Limited

Company Information
for the year ended 31st March 2024







Directors: Ms S A Lilley
M Morgan





Registered office: Netherbyres House
Eyemouth
Berwickshire
TD14 5SE





Registered number: SC560058 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Bojangles Weddings Limited (Registered number: SC560058)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 904,400 847,957

Current assets
Stocks 7,510 3,514
Debtors 5 3,510 -
Cash at bank and in hand 22,785 49,567
33,805 53,081
Creditors
Amounts falling due within one year 6 529,357 573,794
Net current liabilities (495,552 ) (520,713 )
Total assets less current liabilities 408,848 327,244

Creditors
Amounts falling due after more than one
year

7

(303,862

)

(312,128

)

Provisions for liabilities (24,742 ) (5,618 )
Net assets 80,244 9,498

Capital and reserves
Called up share capital 100 100
Retained earnings 80,144 9,398
80,244 9,498

Bojangles Weddings Limited (Registered number: SC560058)

Balance Sheet - continued
31st March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st October 2024 and were signed on its behalf by:





M Morgan - Director


Bojangles Weddings Limited (Registered number: SC560058)

Notes to the Financial Statements
for the year ended 31st March 2024

1. Statutory information

Bojangles Weddings Limited is a private company, limited by shares , registered in Scotland. 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Office equipment - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, accruals, bank loans, other loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), other loans, trade debtors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Bojangles Weddings Limited (Registered number: SC560058)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

2. Accounting policies - continued

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Improvements Fixtures
Freehold to and Office
property property fittings equipment Totals
£    £    £    £    £   
Cost
At 1st April 2023 603,330 244,379 97,085 2,115 946,909
Additions - 80,899 7,393 - 88,292
At 31st March 2024 603,330 325,278 104,478 2,115 1,035,201
Depreciation
At 1st April 2023 - 62,743 34,490 1,719 98,952
Charge for year - 21,165 10,499 185 31,849
At 31st March 2024 - 83,908 44,989 1,904 130,801
Net book value
At 31st March 2024 603,330 241,370 59,489 211 904,400
At 31st March 2023 603,330 181,636 62,595 396 847,957

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 3,510 -

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 15,001 14,464
Taxation and social security 3,006 4,277
Other creditors 511,350 555,053
529,357 573,794

Bojangles Weddings Limited (Registered number: SC560058)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 303,862 312,128

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after five years 265,825 268,087

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 318,863 326,592

The Royal Bank of Scotland hold standard security and a floating charge over the land and buildings known as and forming Netherbyres House, Eyemouth, Berwickshire.

Dsl Business Finance Limited holds a floating charge which covers all the property or undertaking of the company.