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REGISTERED NUMBER: 07425574 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2024

for

Boardwell Ltd.

Boardwell Ltd. (Registered number: 07425574)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Boardwell Ltd.

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G Cappellazzi





REGISTERED OFFICE: Cold Bath Farm
Tea Garden Lane
Tunbridge Wells
Kent
TN3 9JH





REGISTERED NUMBER: 07425574 (England and Wales)





ACCOUNTANTS: NSO Associates LLP
75 Springfield Road
Chelmsford
Essex
CM2 6JB

Boardwell Ltd. (Registered number: 07425574)

Balance Sheet
31 March 2024

31.3.23 31.3.24
£    £    Notes £    £   
FIXED ASSETS
73,565 Tangible assets 4 100,158

CURRENT ASSETS
24,485 Stocks 22,955
194,362 Debtors 5 215,055
248,107 Cash at bank 54,636
466,954 292,646
CREDITORS
500,849 Amounts falling due within one year 6 452,082
(33,895 ) NET CURRENT LIABILITIES (159,436 )
39,670 TOTAL ASSETS LESS CURRENT
LIABILITIES

(59,278

)

9,990 PROVISIONS FOR LIABILITIES 15,282
29,680 NET (LIABILITIES)/ASSETS (74,560 )

CAPITAL AND RESERVES
100 Called up share capital 100
29,580 Retained earnings (74,660 )
29,680 SHAREHOLDERS' FUNDS (74,560 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Boardwell Ltd. (Registered number: 07425574)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 12 September 2024 and were signed by:





G Cappellazzi - Director


Boardwell Ltd. (Registered number: 07425574)

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

1. STATUTORY INFORMATION

Boardwell Ltd. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 10% on cost

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 NIL (2023 - NIL).

Boardwell Ltd. (Registered number: 07425574)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 342,376
Additions 54,649
At 31 March 2024 397,025
DEPRECIATION
At 1 April 2023 268,811
Charge for year 28,056
At 31 March 2024 296,867
NET BOOK VALUE
At 31 March 2024 100,158
At 31 March 2023 73,565

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 21,077 2,494
Other debtors 193,978 191,868
215,055 194,362

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 21,667 31,667
Trade creditors 118,376 56,227
Taxation and social security 4,137 21,417
Other creditors 307,902 391,538
452,082 500,849