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REGISTERED NUMBER: 01201508 (England and Wales)











Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Booth Tarmacadam Limited

Booth Tarmacadam Limited (Registered number: 01201508)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Booth Tarmacadam Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: L J Booth
P J Booth
Mrs J T Booth
Mrs S M Booth



SECRETARY: L J Booth



REGISTERED OFFICE: Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ



REGISTERED NUMBER: 01201508 (England and Wales)



ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ



BANKERS: Lloyds Bank
8 The Thoroughfare
Woodbridge
IP12 1AF

Booth Tarmacadam Limited (Registered number: 01201508)

Statement of Financial Position
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 142,905 200,135
Investments 5 28,695 28,695
171,600 228,830

CURRENT ASSETS
Debtors 6 697,157 755,414
Cash at bank 540,630 400,990
1,237,787 1,156,404
CREDITORS
Amounts falling due within one year 7 499,600 380,081
NET CURRENT ASSETS 738,187 776,323
TOTAL ASSETS LESS CURRENT LIABILITIES 909,787 1,005,153

CREDITORS
Amounts falling due after more than one
year

8

(66,666

)

(116,667

)

PROVISIONS FOR LIABILITIES (34,997 ) (38,026 )
NET ASSETS 808,124 850,460

CAPITAL AND RESERVES
Called up share capital 11 120 120
Retained earnings 808,004 850,340
SHAREHOLDERS' FUNDS 808,124 850,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Booth Tarmacadam Limited (Registered number: 01201508)

Statement of Financial Position - continued
29 February 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 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 17 October 2024 and were signed on its behalf by:





P J Booth - Director


Booth Tarmacadam Limited (Registered number: 01201508)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Booth Tarmacadam 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Booth Tarmacadam Limited (Registered number: 01201508)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023 44,123 335,411 379,534
Additions 1,548 19,343 20,891
Disposals (23,148 ) (39,750 ) (62,898 )
At 29 February 2024 22,523 315,004 337,527
DEPRECIATION
At 1 March 2023 23,080 156,319 179,399
Charge for year 2,712 44,019 46,731
Eliminated on disposal (14,117 ) (17,391 ) (31,508 )
At 29 February 2024 11,675 182,947 194,622
NET BOOK VALUE
At 29 February 2024 10,848 132,057 142,905
At 28 February 2023 21,043 179,092 200,135

Booth Tarmacadam Limited (Registered number: 01201508)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023 20,745
Transfer to ownership (20,745 )
At 29 February 2024 -
DEPRECIATION
At 1 March 2023 14,181
Transfer to ownership (14,181 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 6,564

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Watches 28,695 28,695

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 596,663 653,634
Other debtors 100,494 101,780
697,157 755,414

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 50,000 50,000
Hire purchase contracts - 556
Trade creditors 334,907 266,407
Taxation and social security 84,396 45,250
Other creditors 30,297 17,868
499,600 380,081

Booth Tarmacadam Limited (Registered number: 01201508)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 66,666 116,667

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 50,000 50,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 50,000 50,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 16,666 66,667

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 116,666 166,667
Hire purchase contracts - 556
116,666 167,223

The bank loan is government backed.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
60 Ordinary A £1 60 60
40 Ordinary B £1 40 40
20 Ordinary C £1 20 20
120 120