Company Registration No. 08849295 (England and Wales)
Borogove Limited
Unaudited accounts
for the year ended 31 January 2024
Borogove Limited
Unaudited accounts
Contents
Borogove Limited
Company Information
for the year ended 31 January 2024
Company Number
08849295 (England and Wales)
Registered Office
4 Pelham Close
London
SE5 8LW
Accountants
Chris Burgess Accountancy Ltd
The Old Surgery
48 High Street
Chalgrove
Oxfordshire
OX44 7SS
Borogove Limited
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
40,135
34,617
Creditors: amounts falling due within one year
(17,151)
(8,048)
Net current assets
29,390
26,569
Called up share capital
100
100
Profit and loss account
30,416
27,217
Shareholders' funds
30,516
27,317
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 October 2024 and were signed on its behalf by
Dr M C A Henley
Director
Company Registration No. 08849295
Borogove Limited
Notes to the Accounts
for the year ended 31 January 2024
Borogove Limited is a private company, limited by shares, registered in England and Wales, registration number 08849295. The registered office is 4 Pelham Close, London, SE5 8LW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Borogove Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
316
3,369
3,685
At 31 January 2024
316
3,927
4,243
At 1 February 2023
167
2,770
2,937
Charge for the year
79
101
180
At 31 January 2024
246
2,871
3,117
At 31 January 2024
70
1,056
1,126
At 31 January 2023
149
599
748
Amounts falling due within one year
Accrued income and prepayments
6,406
-
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
15,289
6,446
Loans from directors
312
311
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).