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REGISTERED NUMBER: 14010534 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Dr Inaki Bovill Limited

Dr Inaki Bovill Limited (Registered number: 14010534)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Dr Inaki Bovill Limited (Registered number: 14010534)

Balance Sheet
31st March 2024

31.3.24 31.3.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,478 46,319

CURRENT ASSETS
Debtors 5 101,236 116,742
Cash at bank 122,540 34,173
223,776 150,915
CREDITORS
Amounts falling due within one year 6 49,416 46,703
NET CURRENT ASSETS 174,360 104,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,838

150,531

PROVISIONS FOR LIABILITIES 650 -
NET ASSETS 214,188 150,531

CAPITAL AND RESERVES
Called up share capital 7 201 200
Retained earnings 213,987 150,331
SHAREHOLDERS' FUNDS 214,188 150,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 25th November 2024 and were signed on its behalf by:





Dr I P Bovill - Director


Dr Inaki Bovill Limited (Registered number: 14010534)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. COMPANY INFORMATION

Dr Inaki Bovill Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14010534

Registered office: The Lexicon
10-12 Mount Street
Manchester
United Kingdom
M2 5NT

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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There have been no critical judgements, estimates or assumptions made in the preparation of these financial statements.

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

Revenue from the provision of professional services is recognised on delivery of the service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful life.

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.


Dr Inaki Bovill Limited (Registered number: 14010534)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS

Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Motor Vehicles - 20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
as restated
£    £   
Trade debtors 101,236 76,855
Directors' current accounts - 39,887
101,236 116,742

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
as restated
£    £   
Tax 45,371 43,468
Other creditors 760 120
Directors' current accounts 139 -
Accrued expenses 3,146 3,115
49,416 46,703

Dr Inaki Bovill Limited (Registered number: 14010534)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: as restated
£    £   
100 Ordinary A 1 100 100
100 Ordinary B 1 100 100
1 Ordinary C 1 1 -
201 200

On incorporation 100 Ordinary A shares and 100 Ordinary B share each of £1 were allotted, called up and fully paid at par.

Ordinary A Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

Ordinary B Shares do not confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The A and B shares rank pari passu in terms of dividend and capital distribution rights

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31st March 2024 and the period ended 31st March 2023:

31.3.24 31.3.23
as restated
£    £   
Dr I P Bovill
Balance outstanding at start of year 39,887 -
Amounts advanced 44,019 226,078
Amounts repaid (84,045 ) (186,191 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (139 ) 39,887

The loan is repayable on demand and no interest was charged during the period.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr Inaki Bovill by virtue of holding 100% of voting share capital.