Registered number
06525500
Bourton LR Limited
Filleted Accounts
31 March 2024
Bourton LR Limited
Registered number: 06525500
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 11,000 16,500
Tangible assets 4 33,846 39,401
44,846 55,901
Current assets
Stocks 30,000 30,000
Debtors 5 53,159 43,258
Cash at bank and in hand 65,331 53,813
148,490 127,071
Creditors: amounts falling due within one year 6 (73,614) (58,820)
Net current assets 74,876 68,251
Total assets less current liabilities 119,722 124,152
Creditors: amounts falling due after more than one year 7 (16,569) (24,216)
Net assets 103,153 99,936
Capital and reserves
Called up share capital 1 1
Profit and loss account 103,152 99,935
Shareholder's funds 103,153 99,936
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R C Limbrick-Langford
Director
Approved by the board on 31 October 2024
Bourton LR Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses, as follows:
Goodwill 10% straight line
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold property 10% reducing balance
Plant machinery and fixtures 15% reducing balance
Computers 33% reducing balance
Motor vehicles 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 55,000
At 31 March 2024 55,000
Amortisation
At 1 April 2023 38,500
Provided during the year 5,500
At 31 March 2024 44,000
Net book value
At 31 March 2024 11,000
At 31 March 2023 16,500
4 Tangible fixed assets
Leasehold property Plant machinery fixtures & computers Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 23,859 52,657 19,704 96,220
At 31 March 2024 23,859 52,657 19,704 96,220
Depreciation
At 1 April 2023 7,597 32,359 16,863 56,819
Charge for the year 1,626 3,361 568 5,555
At 31 March 2024 9,223 35,720 17,431 62,374
Net book value
At 31 March 2024 14,636 16,937 2,273 33,846
At 31 March 2023 16,262 20,298 2,841 39,401
5 Debtors 2024 2023
£ £
Trade debtors 6,865 2,984
Other debtors 46,294 40,274
53,159 43,258
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 14,575 18,566
Other taxes and social security costs 33,825 37,216
Other creditors 25,214 3,038
73,614 58,820
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 16,569 24,216
8 Controlling party
The company is controlled by the director.
9 Other information
Bourton LR Limited is a private company limited by shares and incorporated in England. Its registered office is:
High Street
Bourton on the Water
Glos
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