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REGISTERED NUMBER: 03620557 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Boyd Holdings Limited

Boyd Holdings Limited (Registered number: 03620557)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Boyd Holdings Limited (Registered number: 03620557)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,057 72,388
Investments 5 274,408 274,408
Investment property 6 500,000 500,000
843,465 846,796

CURRENT ASSETS
Debtors 7 60,393 119,222
Cash at bank 13,726 13,455
74,119 132,677
CREDITORS
Amounts falling due within one year 8 58,467 42,425
NET CURRENT ASSETS 15,652 90,252
TOTAL ASSETS LESS CURRENT LIABILITIES 859,117 937,048

CREDITORS
Amounts falling due after more than one year 9 (292,669 ) (339,787 )

PROVISIONS FOR LIABILITIES (46,693 ) (36,120 )
NET ASSETS 519,755 561,141

CAPITAL AND RESERVES
Called up share capital 64,050 64,050
Non-distributable reserve 11 100,580 100,580
Retained earnings 355,125 396,511
SHAREHOLDERS' FUNDS 519,755 561,141

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 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.

Boyd Holdings Limited (Registered number: 03620557)

Balance Sheet - 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.

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 23 July 2024 and were signed on its behalf by:





Mr J C Boyd - Director


Boyd Holdings Limited (Registered number: 03620557)

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

1. STATUTORY INFORMATION

Boyd Holdings 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: 03620557

Registered office: Haven House
Festival Trade Park
Crown Road
Stoke-On-Trent
Staffordshire
ST1 5NJ

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Boyd Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Integral Features - 2% on cost
Plant and machinery - 15% on reducing balance

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Boyd Holdings Limited (Registered number: 03620557)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Integral Plant and
Features machinery Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 67,208 35,119 102,327
DEPRECIATION
At 1 April 2023 8,065 21,874 29,939
Charge for year 1,344 1,987 3,331
At 31 March 2024 9,409 23,861 33,270
NET BOOK VALUE
At 31 March 2024 57,799 11,258 69,057
At 31 March 2023 59,143 13,245 72,388

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 274,408
NET BOOK VALUE
At 31 March 2024 274,408
At 31 March 2023 274,408

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 500,000
NET BOOK VALUE
At 31 March 2024 500,000
At 31 March 2023 500,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 117,715
Cost 382,285
500,000

Haven House, Unit 2B was valued on fair value basis on 14 March 2023 by Rory Mack Associates .

Boyd Holdings Limited (Registered number: 03620557)

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

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 8,000 4,000
Other debtors 15,777 8,606
23,777 12,606

Amounts falling due after more than one year:
Amounts owed by group undertakings 36,616 106,616

Aggregate amounts 60,393 119,222

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,503 11,503
Trade creditors - 104
Taxation and social security 4,667 4,104
Other creditors 42,297 26,714
58,467 42,425

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 273,262 283,758
Other creditors 19,407 56,029
292,669 339,787

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 273,262 283,758

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 284,765 295,261

Bank Loans have fixed charges over the company's freehold property, and fixed and floating charges over the company's undertaking and all assets.

11. RESERVES
Non-distributable
reserve
£   
At 1 April 2023
and 31 March 2024 100,580