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REGISTERED NUMBER: 07184302 (England and Wales)















Boulton Plastering Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Boulton Plastering Limited (Registered number: 07184302)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Boulton Plastering Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: P D Boulton





REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF





REGISTERED NUMBER: 07184302 (England and Wales)





ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF

Boulton Plastering Limited (Registered number: 07184302)

Abridged Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 30,362 29,486
30,362 29,486

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 143,932 43,102
Cash at bank 46,576 154,429
192,508 199,531
CREDITORS
Amounts falling due within one year 76,437 102,173
NET CURRENT ASSETS 116,071 97,358
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,433

126,844

CREDITORS
Amounts falling due after more than one
year

(81,383

)

(107,039

)

PROVISIONS FOR LIABILITIES (7,591 ) (5,602 )
NET ASSETS 57,459 14,203

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 57,458 14,202
SHAREHOLDERS' FUNDS 57,459 14,203

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

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

The director acknowledges his 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.

Boulton Plastering Limited (Registered number: 07184302)

Abridged Statement of Financial Position - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 November 2024 and were signed by:





P D Boulton - Director


Boulton Plastering Limited (Registered number: 07184302)

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

1. STATUTORY INFORMATION

Boulton Plastering 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared using 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on reducing balance, 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Boulton Plastering Limited (Registered number: 07184302)

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

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 80,000
AMORTISATION
At 1 April 2023
and 31 March 2024 80,000
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

Boulton Plastering Limited (Registered number: 07184302)

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

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 95,239
Additions 11,900
At 31 March 2024 107,139
DEPRECIATION
At 1 April 2023 65,753
Charge for year 11,024
At 31 March 2024 76,777
NET BOOK VALUE
At 31 March 2024 30,362
At 31 March 2023 29,486

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2023
and 31 March 2024 27,935
DEPRECIATION
At 1 April 2023 12,222
Charge for year 3,928
At 31 March 2024 16,150
NET BOOK VALUE
At 31 March 2024 11,785
At 31 March 2023 15,713

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
P D Boulton
Balance outstanding at start of year (230 ) (145 )
Amounts advanced 70,198 -
Amounts repaid (1,404 ) (85 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 68,564 (230 )

Boulton Plastering Limited (Registered number: 07184302)

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

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P D Boulton.

The company was controlled throughout the current and previous period by its director, by virtue of the fact that he holds the only share issued by the company.