Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-04-01No description of principal activity11truetrue 08978053 2023-04-01 2024-03-31 08978053 2022-04-01 2023-03-31 08978053 2024-03-31 08978053 2023-03-31 08978053 c:Director1 2023-04-01 2024-03-31 08978053 d:OfficeEquipment 2023-04-01 2024-03-31 08978053 d:OfficeEquipment 2024-03-31 08978053 d:OfficeEquipment 2023-03-31 08978053 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08978053 d:CurrentFinancialInstruments 2024-03-31 08978053 d:CurrentFinancialInstruments 2023-03-31 08978053 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08978053 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08978053 d:ShareCapital 2024-03-31 08978053 d:ShareCapital 2023-03-31 08978053 d:RetainedEarningsAccumulatedLosses 2024-03-31 08978053 d:RetainedEarningsAccumulatedLosses 2023-03-31 08978053 c:FRS102 2023-04-01 2024-03-31 08978053 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08978053 c:FullAccounts 2023-04-01 2024-03-31 08978053 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08978053 2 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 08978053









BOOMALERT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BOOMALERT LIMITED
REGISTERED NUMBER: 08978053

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
991
1,321

  
991
1,321

Current assets
  

Debtors: amounts falling due within one year
 5 
1,734,050
1,297,322

Cash at bank and in hand
  
70,832
209,481

  
1,804,882
1,506,803

Creditors: amounts falling due within one year
 6 
(249,974)
(240,880)

Net current assets
  
 
 
1,554,908
 
 
1,265,923

Total assets less current liabilities
  
1,555,899
1,267,244

  

Net assets
  
1,555,899
1,267,244


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
1,555,897
1,267,242

  
1,555,899
1,267,244


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 October 2024.



Page 1

 
BOOMALERT LIMITED
REGISTERED NUMBER: 08978053
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024



P L Tanner
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
BOOMALERT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Boomalert Limited is a private company limited by shares and incorporated in England. The address of the registered office is 124 Finchley Road, London, NW3 5JS. The address of its principal place of business is Centa House, 61 Birkenhead Street, London, WC1H 8BB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the date of approval of the financial statements. The company therefore continues to adopt the going concern basis in preparing its financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover comprises revenue recognised by the company in respect of IT and telecommunication services supplied during the year.
Revenue is recognised at the point at which the company supplies the service. 
Revenue from contracts for the provision of messaging services are recognised based on when the messages have been used. Income is deferred if the messages supplied from the contract has not been used. 

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
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 income. 

Page 3

 
BOOMALERT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short term creditors are measured at the transaction price.

 
2.10

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like loans to related parties.
Debt instruments that are payable or receivable within one year are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at cost and 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.
 

Page 4

 
BOOMALERT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
1,923



At 31 March 2024

1,923



Depreciation


At 1 April 2023
602


Charge for the year on owned assets
330



At 31 March 2024

932



Net book value



At 31 March 2024
991



At 31 March 2023
1,321


5.


Debtors

2024
2023
£
£

Amounts owed by group undertakings
1,619,240
1,278,771

Other debtors
108,549
18,551

Tax recoverable
6,261
-

1,734,050
1,297,322


Page 5

 
BOOMALERT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
-
47,666

Corporation tax
6,261
-

Other taxation and social security
372
57,565

Other creditors
2,937
649

Deferred income
240,404
135,000

249,974
240,880



7.


Related party transactions

Included within debtors is £108,549 (2023: £18,551) owed by P L Tanner, the company's director. The balance due to the company was paid within 9 months of the year end.

 
Page 6