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Registration number: 05964467 (England and Wales)

Boo Boo Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Boo Boo Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Boo Boo Limited

Company Information

Director

G Deacon

Registered office

1A Knowland Drive
Milford on Sea
Lymington
SO41 0RH

Accountants

Howells & Co
Chartered Accountants
1A Knowland Drive
Milford on Sea
Lymington
SO41 0RH

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Boo Boo Limited
for the Year Ended 31 October 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Boo Boo Limited for the year ended 31 October 2023 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Boo Boo Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Boo Boo Limited and state those matters that we have agreed to state to the Board of Directors of Boo Boo Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Boo Boo Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Boo Boo Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Boo Boo Limited. You consider that Boo Boo Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Boo Boo Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Howells & Co
Chartered Accountants
1A Knowland Drive
Milford on Sea
Lymington
SO41 0RH

29 October 2024

 

Boo Boo Limited

(Registration number: 05964467)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

881

2,358

Current assets

 

Debtors

5

472,577

448,571

Cash at bank and in hand

 

34,406

3,425

 

506,983

451,996

Creditors: Amounts falling due within one year

6

(184,701)

(144,713)

Net current assets

 

322,282

307,283

Total assets less current liabilities

 

323,163

309,641

Creditors: Amounts falling due after more than one year

6

(89,215)

(110,312)

Net assets

 

233,948

199,329

Capital and reserves

 

Called up share capital

7

102

102

Retained earnings

233,846

199,227

Shareholders' funds

 

233,948

199,329

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 October 2024
 

 

Boo Boo Limited

(Registration number: 05964467)
Balance Sheet as at 31 October 2023

.........................................
G Deacon
Director

 

Boo Boo Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1A Knowland Drive
Milford on Sea
Lymington
SO41 0RH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Boo Boo Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Boo Boo Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2022

7,654

7,654

At 31 October 2023

7,654

7,654

Depreciation

At 1 November 2022

5,296

5,296

Charge for the year

1,477

1,477

At 31 October 2023

6,773

6,773

Carrying amount

At 31 October 2023

881

881

At 31 October 2022

2,358

2,358

 

Boo Boo Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

5

debtors

Current

Note

2023
£

2022
£

Trade debtors

 

16,099

18,100

Amounts owed by related parties

295,381

294,881

Prepayments

 

5,460

2,300

Other debtors

 

155,637

133,290

   

472,577

448,571

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

21,097

32,666

Trade creditors

 

50,620

42,876

Taxation and social security

 

18,498

23,498

Accruals and deferred income

 

8,086

10,273

Other creditors

 

86,400

35,400

 

184,701

144,713

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

89,215

110,312

 

Boo Boo Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

102

102

102

102

         

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

31,019

36,574

Other borrowings

58,196

73,738

89,215

110,312

2023
£

2022
£

Current loans and borrowings

Bank borrowings

5,556

5,555

Bank overdrafts

-

12,958

Other borrowings

15,541

14,153

21,097

32,666