Company registration number 11148717 (England and Wales)
BOHANNA PROJECTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
BOHANNA PROJECTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
BOHANNA PROJECTS LIMITED
BALANCE SHEET
AS AT
29 JANUARY 2024
29 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
4,981
5,977
Tangible assets
4
189
252
5,170
6,229
Current assets
Stocks
3,686
-
Debtors
5
18,083
4,559
Cash at bank and in hand
8,093
14
29,862
4,573
Creditors: amounts falling due within one year
6
(48,100)
(20,242)
Net current liabilities
(18,238)
(15,669)
Total assets less current liabilities
(13,068)
(9,440)
Creditors: amounts falling due after more than one year
7
(3,088)
(31,677)
Net liabilities
(16,156)
(41,117)
Capital and reserves
Called up share capital
8
2
2
Profit and loss reserves
(16,158)
(41,119)
Total equity
(16,156)
(41,117)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 29 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

BOHANNA PROJECTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
29 JANUARY 2024
29 January 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 21 October 2024 and are signed on its behalf by:
Mrs Z Bohanna
Director
Company registration number 11148717 (England and Wales)
BOHANNA PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JANUARY 2024
- 3 -
1
Accounting policies
Company information

Bohanna Projects Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Tudor Court, Lower Road, Garsington, Oxford, OX44 9DP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable for the sale of goods and the rendering of services in the normal course of business, and is shown net of discounts and VAT.

 

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Patents & licences
10% per annum
BOHANNA PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JANUARY 2024
1
Accounting policies
(Continued)
- 4 -
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings and equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

BOHANNA PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JANUARY 2024
1
Accounting policies
(Continued)
- 5 -
1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ”Basic Financial Instruments” to all of its financial instruments.

 

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

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

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
BOHANNA PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JANUARY 2024
- 6 -
3
Intangible fixed assets
Other
£
Cost
At 30 January 2023 and 29 January 2024
9,962
Amortisation and impairment
At 30 January 2023
3,985
Amortisation charged for the year
996
At 29 January 2024
4,981
Carrying amount
At 29 January 2024
4,981
At 29 January 2023
5,977
4
Tangible fixed assets
Fixtures, fittings and equipment
£
Cost
At 30 January 2023 and 29 January 2024
448
Depreciation and impairment
At 30 January 2023
196
Depreciation charged in the year
63
At 29 January 2024
259
Carrying amount
At 29 January 2024
189
At 29 January 2023
252
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
18,083
4,559
6
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
48,100
20,242
BOHANNA PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JANUARY 2024
- 7 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
3,088
31,677
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of £1 each
2
2
2
2
2024-01-292023-01-30false21 October 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr P J BohannaMrs Z Bohannafalsefalse111487172023-01-302024-01-29111487172024-01-29111487172023-01-2911148717core:IntangibleAssetsOtherThanGoodwill2024-01-2911148717core:IntangibleAssetsOtherThanGoodwill2023-01-2911148717core:FurnitureFittings2024-01-2911148717core:FurnitureFittings2023-01-2911148717core:CurrentFinancialInstrumentscore:WithinOneYear2024-01-2911148717core:CurrentFinancialInstrumentscore:WithinOneYear2023-01-2911148717core:Non-currentFinancialInstrumentscore:AfterOneYear2024-01-2911148717core:Non-currentFinancialInstrumentscore:AfterOneYear2023-01-2911148717core:ShareCapital2024-01-2911148717core:ShareCapital2023-01-2911148717core:RetainedEarningsAccumulatedLosses2024-01-2911148717core:RetainedEarningsAccumulatedLosses2023-01-2911148717bus:Director22023-01-302024-01-2911148717core:IntangibleAssetsOtherThanGoodwill2023-01-302024-01-2911148717core:PatentsTrademarksLicencesConcessionsSimilar2023-01-302024-01-2911148717core:FurnitureFittings2023-01-302024-01-29111487172022-01-302023-01-2911148717core:IntangibleAssetsOtherThanGoodwill2023-01-2911148717core:FurnitureFittings2023-01-2911148717core:WithinOneYear2024-01-2911148717core:WithinOneYear2023-01-2911148717core:CurrentFinancialInstruments2024-01-2911148717core:CurrentFinancialInstruments2023-01-2911148717core:Non-currentFinancialInstruments2024-01-2911148717core:Non-currentFinancialInstruments2023-01-2911148717bus:PrivateLimitedCompanyLtd2023-01-302024-01-2911148717bus:SmallCompaniesRegimeForAccounts2023-01-302024-01-2911148717bus:FRS1022023-01-302024-01-2911148717bus:AuditExemptWithAccountantsReport2023-01-302024-01-2911148717bus:Director12023-01-302024-01-2911148717bus:FullAccounts2023-01-302024-01-29xbrli:purexbrli:sharesiso4217:GBP