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31/01/2019
2019-01-31
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No description of principal activities is disclosed
2018-02-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
08863585
2018-02-01
2019-01-31
08863585
2019-01-31
08863585
2018-01-31
08863585
2017-02-01
2018-01-31
08863585
2018-01-31
08863585
core:PlantMachinery
2018-02-01
2019-01-31
08863585
core:FurnitureFittingsToolsEquipment
2018-02-01
2019-01-31
08863585
core:MotorVehicles
2018-02-01
2019-01-31
08863585
bus:RegisteredOffice
2018-02-01
2019-01-31
08863585
bus:Director1
2018-02-01
2019-01-31
08863585
core:PlantMachinery
2018-01-31
08863585
core:FurnitureFittingsToolsEquipment
2018-01-31
08863585
core:MotorVehicles
2018-01-31
08863585
core:PlantMachinery
2019-01-31
08863585
core:FurnitureFittingsToolsEquipment
2019-01-31
08863585
core:MotorVehicles
2019-01-31
08863585
core:WithinOneYear
2019-01-31
08863585
core:WithinOneYear
2018-01-31
08863585
core:UKTax
2017-02-01
2018-01-31
08863585
core:ShareCapital
2019-01-31
08863585
core:ShareCapital
2018-01-31
08863585
core:RetainedEarningsAccumulatedLosses
2019-01-31
08863585
core:RetainedEarningsAccumulatedLosses
2018-01-31
08863585
core:PlantMachinery
2018-01-31
08863585
core:FurnitureFittingsToolsEquipment
2018-01-31
08863585
core:MotorVehicles
2018-01-31
08863585
bus:SmallEntities
2018-02-01
2019-01-31
08863585
bus:AuditExempt-NoAccountantsReport
2018-02-01
2019-01-31
08863585
bus:FullAccounts
2018-02-01
2019-01-31
08863585
bus:SmallCompaniesRegimeForAccounts
2018-02-01
2019-01-31
08863585
bus:PrivateLimitedCompanyLtd
2018-02-01
2019-01-31
08863585
1
2018-02-01
2019-01-31
Company registration number:
08863585
Boss Development (Bath) Limited
Unaudited filleted financial statements
31 January 2019
Boss Development (Bath) Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Boss Development (Bath) Limited
Directors and other information
|
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Director |
C J Bamford |
|
|
|
|
|
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|
Company number |
08863585 |
|
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Registered office |
Ground Floor |
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|
11 Pierrepont Street |
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Bath |
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BA1 1LA |
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Boss Development (Bath) Limited
Statement of financial position
31 January 2019
|
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2019 |
|
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2018 |
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|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
7 |
15,036 |
|
|
|
34,855 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
15,036 |
|
|
|
34,855 |
|
|
|
|
|
|
|
|
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Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
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|
596,869 |
|
|
|
998,919 |
|
|
Debtors |
|
8 |
2,839 |
|
|
|
40,909 |
|
|
Cash at bank and in hand |
|
|
193,069 |
|
|
|
410,144 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
792,777 |
|
|
|
1,449,972 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
9 |
(
719,521) |
|
|
|
(
1,356,458) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
73,256 |
|
|
|
93,514 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
88,292 |
|
|
|
128,369 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Provisions for liabilities |
|
|
|
|
(
2,822) |
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|
|
(
6,594) |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
85,470 |
|
|
|
121,775 |
|
|
|
|
|
_______ |
|
|
|
_______ |
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Capital and reserves |
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Called up share capital |
|
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|
|
100 |
|
|
|
100 |
Profit and loss account |
|
|
|
|
85,370 |
|
|
|
121,675 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholder funds |
|
|
|
|
85,470 |
|
|
|
121,775 |
|
|
|
|
|
_______ |
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|
_______ |
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For the year ending 31 January 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
10 February 2022
, and are signed on behalf of the board by:
C J Bamford
Director
Company registration number:
08863585
Boss Development (Bath) Limited
Notes to the financial statements
Year ended 31 January 2019
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Ground Floor, 11 Pierrepont Street, Bath, BA1 1LA.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of properties is recognised when legal title has passed. Revenue from the provision of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery |
- |
25 % |
reducing balance |
|
Fittings fixtures and equipment |
- |
25 % |
reducing balance |
|
Motor vehicles |
- |
25 % |
reducing balance |
|
|
|
|
|
Office equipment, which is included in fittings, fixtures and equipment, is depreciated on a 25% straight line basis.
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Cost includes costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised.
Financial instruments
The company holds the following basic financial instruments: - short term trade and other debtors and creditors; - other loans; and - cash and bank balances.
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. They are derecognised when, in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party or, in the case of liabilities, when the company's obligations are discharges, expire or are cancelled.
Such instruments are initially measured at transaction price and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
Defined contribution plans
Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2018:
3
).
5.
Loss/profit before taxation
Loss/profit before taxation is stated after charging/(crediting):
|
|
|
|
2019 |
2018 |
|
|
|
|
£ |
£ |
|
|
|
|
|
|
|
Depreciation of tangible assets |
|
|
7,395 |
12,358 |
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
6.
Tax on loss/profit
Major components of tax income/expense
|
|
|
2019 |
2018 |
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|
£ |
£ |
|
Current tax: |
|
|
|
|
UK current tax expense |
|
- |
24,784 |
|
|
|
_______ |
_______ |
|
|
|
|
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|
Deferred tax: |
|
|
|
|
Origination and reversal of timing differences |
|
(
3,772) |
6,594 |
|
|
|
_______ |
_______ |
|
Tax on loss/profit |
|
(
3,772) |
31,378 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Tangible assets
|
|
Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 February 2018 |
22,283 |
21,992 |
30,300 |
74,575 |
|
|
|
|
Disposals |
(
15,950) |
- |
(
18,500) |
(
34,450) |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 January 2019 |
6,333 |
21,992 |
11,800 |
40,125 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 February 2018 |
11,852 |
9,256 |
18,612 |
39,720 |
|
|
|
|
Charge for the year |
1,033 |
4,629 |
1,733 |
7,395 |
|
|
|
|
Disposals |
(
9,471) |
- |
(
12,555) |
(
22,026) |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 January 2019 |
3,414 |
13,885 |
7,790 |
25,089 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 January 2019 |
2,919 |
8,107 |
4,010 |
15,036 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 January 2018 |
10,431 |
12,736 |
11,688 |
34,855 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
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8.
Debtors
|
|
|
2019 |
2018 |
|
|
|
£ |
£ |
|
|
|
|
|
|
Trade debtors |
|
- |
529 |
|
Other debtors |
|
2,839 |
40,380 |
|
|
|
_______ |
_______ |
|
|
|
2,839 |
40,909 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Creditors: amounts falling due within one year
|
|
|
2019 |
2018 |
|
|
|
£ |
£ |
|
|
|
|
|
|
Other loans (secured) |
|
518,997 |
1,034,858 |
|
Trade creditors |
|
177 |
61,182 |
|
Corporation tax |
|
25,055 |
24,784 |
|
Social security and other taxes |
|
49,499 |
52,392 |
|
Other creditors |
|
125,793 |
183,242 |
|
|
|
_______ |
_______ |
|
|
|
719,521 |
1,356,458 |
|
|
|
_______ |
_______ |
|
|
|
|
|
The loan facility is secured by a fixed and floating charge on the assets of the company. The loan facility is repaid using the proceeds from the sale of each property development.
10.
Related party transactions
Included in 'creditors: amounts falling due within one year' are loans granted by
C J Bamford
, the director, of £111,924.
11.
Controlling party
The company is controlled by
C J Bamford
, the director, who owns all of the issued share capital.