Silverfin false false 30/06/2024 01/07/2023 30/06/2024 R J Dean 17/12/1997 M J Guy 17/12/1997 S Kelly 29/03/2022 23 October 2024 The principle activity of the company is that of road and car parking lining. The company specialises in laying white and yellow thermoplastic and paint markings to roads and car parks, and also the application of various colours of anti-skid surfaces. 03482406 2024-06-30 03482406 bus:Director1 2024-06-30 03482406 bus:Director2 2024-06-30 03482406 bus:Director3 2024-06-30 03482406 2023-06-30 03482406 core:CurrentFinancialInstruments 2024-06-30 03482406 core:CurrentFinancialInstruments 2023-06-30 03482406 core:Non-currentFinancialInstruments 2024-06-30 03482406 core:Non-currentFinancialInstruments 2023-06-30 03482406 core:ShareCapital 2024-06-30 03482406 core:ShareCapital 2023-06-30 03482406 core:RetainedEarningsAccumulatedLosses 2024-06-30 03482406 core:RetainedEarningsAccumulatedLosses 2023-06-30 03482406 core:PlantMachinery 2023-06-30 03482406 core:Vehicles 2023-06-30 03482406 core:FurnitureFittings 2023-06-30 03482406 core:OfficeEquipment 2023-06-30 03482406 core:PlantMachinery 2024-06-30 03482406 core:Vehicles 2024-06-30 03482406 core:FurnitureFittings 2024-06-30 03482406 core:OfficeEquipment 2024-06-30 03482406 2023-07-01 2024-06-30 03482406 bus:FilletedAccounts 2023-07-01 2024-06-30 03482406 bus:SmallEntities 2023-07-01 2024-06-30 03482406 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 03482406 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03482406 bus:Director1 2023-07-01 2024-06-30 03482406 bus:Director2 2023-07-01 2024-06-30 03482406 bus:Director3 2023-07-01 2024-06-30 03482406 core:PlantMachinery 2023-07-01 2024-06-30 03482406 core:Vehicles 2023-07-01 2024-06-30 03482406 core:FurnitureFittings 2023-07-01 2024-06-30 03482406 core:OfficeEquipment core:TopRangeValue 2023-07-01 2024-06-30 03482406 2022-07-01 2023-06-30 03482406 core:OfficeEquipment 2023-07-01 2024-06-30 03482406 core:Non-currentFinancialInstruments 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Company No: 03482406 (England and Wales)

BOURNEMOUTH WHITE LINING LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

BOURNEMOUTH WHITE LINING LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

BOURNEMOUTH WHITE LINING LIMITED

BALANCE SHEET

As at 30 June 2024
BOURNEMOUTH WHITE LINING LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 146,689 105,327
Investments 156,024 156,024
302,713 261,351
Current assets
Stocks 26,500 26,500
Debtors 4 217,011 183,759
Cash at bank and in hand 132,471 127,632
375,982 337,891
Creditors: amounts falling due within one year 5 ( 203,762) ( 111,717)
Net current assets 172,220 226,174
Total assets less current liabilities 474,933 487,525
Creditors: amounts falling due after more than one year 6 ( 40,000) ( 40,000)
Provision for liabilities ( 27,871) ( 19,965)
Net assets 407,062 427,560
Capital and reserves
Called-up share capital 95 95
Profit and loss account 406,967 427,465
Total shareholders' funds 407,062 427,560

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Bournemouth White Lining Limited (registered number: 03482406) were approved and authorised for issue by the Board of Directors on 23 October 2024. They were signed on its behalf by:

R J Dean
Director
M J Guy
Director
BOURNEMOUTH WHITE LINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
BOURNEMOUTH WHITE LINING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bournemouth White Lining Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is The Dell, Valley Road, Bournemouth, BH8 0EB.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 14 13

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 July 2023 179,644 365,804 36,729 21,731 603,908
Additions 6,170 70,363 0 0 76,533
At 30 June 2024 185,814 436,167 36,729 21,731 680,441
Accumulated depreciation
At 01 July 2023 132,119 312,264 36,366 17,832 498,581
Charge for the financial year 12,877 20,874 91 1,329 35,171
At 30 June 2024 144,996 333,138 36,457 19,161 533,752
Net book value
At 30 June 2024 40,818 103,029 272 2,570 146,689
At 30 June 2023 47,525 53,540 363 3,899 105,327

4. Debtors

2024 2023
£ £
Trade debtors 202,070 177,439
Other debtors 14,941 6,320
217,011 183,759

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 67,643 12,400
Corporation tax 54,623 54,701
Other taxation and social security 32,670 26,300
Other creditors 48,826 18,316
203,762 111,717

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 40,000 40,000

There are no amounts included above in respect of which any security has been given by the small entity.

Redeemable Preference Shares with holding value of £40,000