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REGISTERED NUMBER: 06125377 (United Kingdom)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

BOULDERS LTD

BOULDERS LTD (REGISTERED NUMBER: 06125377)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


BOULDERS LTD (REGISTERED NUMBER: 06125377)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 151 184
Tangible assets 5 707,165 599,495
Investments 6 2 2
707,318 599,681

CURRENT ASSETS
Stocks 7 44,337 49,937
Debtors 8 239,284 244,626
Cash at bank 96,881 172,754
380,502 467,317
CREDITORS
Amounts falling due within one year 9 355,580 273,995
NET CURRENT ASSETS 24,922 193,322
TOTAL ASSETS LESS CURRENT LIABILITIES 732,240 793,003

CREDITORS
Amounts falling due after more than one year 10 (253,164 ) (203,747 )

PROVISIONS FOR LIABILITIES (98,906 ) (83,017 )
NET ASSETS 380,170 506,239

CAPITAL AND RESERVES
Called up share capital 13 360,000 360,000
Retained earnings 20,170 146,239
SHAREHOLDERS' FUNDS 380,170 506,239

BOULDERS LTD (REGISTERED NUMBER: 06125377)

Balance Sheet - continued
29 February 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





Mr O J Noakes - Director


BOULDERS LTD (REGISTERED NUMBER: 06125377)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Boulders Ltd is a private company, limited by shares , registered in United Kingdom. The company's registered number and registered office address are as below:

Registered number: 06125377

Registered office: Unit E2
St Catherines Trade Park
Pengam Road
Cardiff
CF24 2RZ

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.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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


BOULDERS LTD (REGISTERED NUMBER: 06125377)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2023 - 48 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 March 2023
and 29 February 2024 11,236
AMORTISATION
At 1 March 2023 11,052
Amortisation for year 33
At 29 February 2024 11,085
NET BOOK VALUE
At 29 February 2024 151
At 28 February 2023 184

BOULDERS LTD (REGISTERED NUMBER: 06125377)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


5. TANGIBLE FIXED ASSETS
Assets Improvements
under to Plant and
construction property machinery
£    £    £   
COST
At 1 March 2023 208,225 290,056 167,056
Additions - 29,780 163,174
Reclassification/transfer (208,225 ) 23,410 183,626
At 29 February 2024 - 343,246 513,856
DEPRECIATION
At 1 March 2023 - 178,807 134,621
Charge for year - 31,717 33,215
At 29 February 2024 - 210,524 167,836
NET BOOK VALUE
At 29 February 2024 - 132,722 346,020
At 28 February 2023 208,225 111,249 32,435

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 544,662 38,000 85,764 1,333,763
Additions 4,099 - 3,332 200,385
Reclassification/transfer - - 1,189 -
At 29 February 2024 548,761 38,000 90,285 1,534,148
DEPRECIATION
At 1 March 2023 325,922 18,723 76,195 734,268
Charge for year 21,080 4,303 2,400 92,715
At 29 February 2024 347,002 23,026 78,595 826,983
NET BOOK VALUE
At 29 February 2024 201,759 14,974 11,690 707,165
At 28 February 2023 218,740 19,277 9,569 599,495

Assets under construction relate to the opening of a new site, which officially opened in April 2023.

BOULDERS LTD (REGISTERED NUMBER: 06125377)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 2
NET BOOK VALUE
At 29 February 2024 2
At 28 February 2023 2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Boulders Site 2 Limited
Registered office: Unit 4, Centrum Retail Park, Tewkesbury Road, Cheltenham, GL51 9FD
Nature of business: Sport activities
%
Class of shares: holding
Ordinary 100.00

Boulder Site 3 Ltd
Registered office: Catherines Park, Pengam Road, Cardiff, CF24 2RZ
Nature of business: Sport activities
%
Class of shares: holding
Ordinary 100.00

7. STOCKS
2024 2023
£    £   
Stocks 44,337 49,937

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,355 4,024
Other debtors 176,156 191,550
Prepayments 47,773 49,052
239,284 244,626

BOULDERS LTD (REGISTERED NUMBER: 06125377)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 11) 89,268 60,073
Hire purchase contracts (see note 12) 14,549 -
Trade creditors 34,076 59,712
Social security and other taxes 92,231 59,017
Other creditors 87,347 57,408
Accruals and deferred income 38,109 37,785
355,580 273,995

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 11) 214,244 203,747
Hire purchase contracts (see note 12) 38,920 -
253,164 203,747

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 38,920 -

11. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 89,268 60,073

Amounts falling due between two and five years:
Bank loans - 2-5 years 214,244 203,747

BOULDERS LTD (REGISTERED NUMBER: 06125377)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


12. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 14,549 -
In more than five years 38,920 -
53,469 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 73,408 73,408
Between one and five years 293,632 293,632
In more than five years 140,699 214,107
507,739 581,147

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
335,000 Ordinary £1 335,000 335,000
83,333 Ordinary A 30p 25,000 25,000
360,000 360,000