IRIS Accounts Production v24.3.0.553 09215016 director 1.2.23 31.1.24 31.1.24 30.10.24 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh092150162023-01-31092150162024-01-31092150162023-02-012024-01-31092150162022-01-31092150162022-02-012023-01-31092150162023-01-3109215016ns15:EnglandWales2023-02-012024-01-3109215016ns14:PoundSterling2023-02-012024-01-3109215016ns10:Director12023-02-012024-01-3109215016ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3109215016ns10:SmallEntities2023-02-012024-01-3109215016ns10:Audited2023-02-012024-01-3109215016ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3109215016ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3109215016ns10:FullAccounts2023-02-012024-01-3109215016ns10:RegisteredOffice2023-02-012024-01-3109215016ns5:CurrentFinancialInstruments2024-01-3109215016ns5:CurrentFinancialInstruments2023-01-3109215016ns5:ShareCapital2024-01-3109215016ns5:ShareCapital2023-01-3109215016ns5:RetainedEarningsAccumulatedLosses2024-01-3109215016ns5:RetainedEarningsAccumulatedLosses2023-01-31
REGISTERED NUMBER: 09215016 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

BOLT FINANCIAL LIMITED

BOLT FINANCIAL LIMITED (REGISTERED NUMBER: 09215016)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BOLT FINANCIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: J Grooms





REGISTERED OFFICE: 5 New Street Square
London
EC4A 3TW





REGISTERED NUMBER: 09215016 (England and Wales)





AUDITORS: UHY Ross Brooke
Chartered Accountants & Registered
Auditors
2 Old Bath Road
Newbury
Berkshire
RG14 1QL

BOLT FINANCIAL LIMITED (REGISTERED NUMBER: 09215016)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £ £
CURRENT ASSETS
Cash at bank 331,127 341,305

CREDITORS
Amounts falling due within one year 4 (300,051 ) (311,436 )
NET CURRENT ASSETS 31,076 29,869
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,076

29,869

CAPITAL AND RESERVES
Called up share capital 48 48
Retained earnings 31,028 29,821
31,076 29,869

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2024 and were signed by:





J Grooms - Director


BOLT FINANCIAL LIMITED (REGISTERED NUMBER: 09215016)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Bolt Financial Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

BOLT FINANCIAL LIMITED (REGISTERED NUMBER: 09215016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

Cash and cash equivalent
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.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Going concern
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company has continued financial support as needed from the parent company to provide capital to meet liabilities when they fall due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 6,150 1,326
Amounts owed to group undertakings 283,002 298,726
Taxation and social security 249 734
Other creditors 10,650 10,650
300,051 311,436

5. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Dean Blunden BFP FCA (Senior Statutory Auditor)
for and on behalf of UHY Ross Brooke

6. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

BOLT FINANCIAL LIMITED (REGISTERED NUMBER: 09215016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. ULTIMATE CONTROLLING PARTY

The company's parent company is Bolt Financial Inc, incorporated in the United States of America.
The most senior parent entity producing publicly available financial statements is Bolt Financial Inc. These financial statements are available upon request from 558 Sutter Street, No. 509, San Francisco, California, CA 94102.