2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2024 - FRS102_2024 40,000 37,200 2,000 39,200 800 2,800 105,605 29,328 889 552 77,718 77,718 105,605 xbrli:pure xbrli:shares iso4217:GBP 04967776 2023-03-01 2024-02-29 04967776 2024-02-29 04967776 2023-02-28 04967776 2022-03-01 2023-02-28 04967776 2023-02-28 04967776 2022-02-28 04967776 core:NetGoodwill 2023-03-01 2024-02-29 04967776 core:MotorVehicles 2023-03-01 2024-02-29 04967776 bus:Director1 2023-03-01 2024-02-29 04967776 core:NetGoodwill 2023-02-28 04967776 core:NetGoodwill 2024-02-29 04967776 core:MotorVehicles 2023-02-28 04967776 core:MotorVehicles 2024-02-29 04967776 core:WithinOneYear 2024-02-29 04967776 core:WithinOneYear 2023-02-28 04967776 core:ShareCapital 2024-02-29 04967776 core:ShareCapital 2023-02-28 04967776 core:RetainedEarningsAccumulatedLosses 2024-02-29 04967776 core:RetainedEarningsAccumulatedLosses 2023-02-28 04967776 core:NetGoodwill 2023-02-28 04967776 core:CostValuation core:Non-currentFinancialInstruments 2023-02-28 04967776 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-02-29 04967776 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-02-29 04967776 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInInvestments 2024-02-29 04967776 core:CostValuation core:Non-currentFinancialInstruments 2024-02-29 04967776 core:Non-currentFinancialInstruments 2024-02-29 04967776 core:Non-currentFinancialInstruments 2023-02-28 04967776 core:MotorVehicles 2023-02-28 04967776 bus:SmallEntities 2023-03-01 2024-02-29 04967776 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 04967776 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 04967776 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 04967776 bus:FullAccounts 2023-03-01 2024-02-29 04967776 core:OfficeEquipment 2023-03-01 2024-02-29 04967776 core:OfficeEquipment 2023-02-28 04967776 core:OfficeEquipment 2024-02-29
COMPANY REGISTRATION NUMBER: 04967776
Boden Associates Limited
Filleted Unaudited Financial Statements
29 February 2024
Boden Associates Limited
Financial Statements
Year ended 29 February 2024
Contents
Pages
Statement of financial position
1 to 2
Notes to the financial statements
3 to 6
Boden Associates Limited
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
800
2,800
Tangible assets
6
13,735
15,780
Investments
7
77,718
105,605
--------
---------
92,253
124,185
Current assets
Debtors
8
63,283
57,258
Cash at bank and in hand
112,710
88,100
---------
---------
175,993
145,358
Creditors: amounts falling due within one year
9
53,152
56,924
---------
---------
Net current assets
122,841
88,434
---------
---------
Total assets less current liabilities
215,094
212,619
---------
---------
Net assets
215,094
212,619
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
214,994
212,519
---------
---------
Shareholders funds
215,094
212,619
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Boden Associates Limited
Statement of Financial Position (continued)
29 February 2024
These financial statements were approved by the board of directors and authorised for issue on 27 November 2024 , and are signed on behalf of the board by:
Mr D Boden
Director
Company registration number: 04967776
Boden Associates Limited
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Lamorna Court, 43 Wollaton Road, Beeston, Nottingham, NG9 2NG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
5% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Equipment
-
20% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Intangible assets
Goodwill
£
Cost
At 1 March 2023 and 29 February 2024
40,000
--------
Amortisation
At 1 March 2023
37,200
Charge for the year
2,000
--------
At 29 February 2024
39,200
--------
Carrying amount
At 29 February 2024
800
--------
At 28 February 2023
2,800
--------
6. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 March 2023
31,150
18,622
49,772
Additions
1,850
1,850
--------
--------
--------
At 29 February 2024
31,150
20,472
51,622
--------
--------
--------
Depreciation
At 1 March 2023
23,758
10,234
33,992
Charge for the year
1,848
2,047
3,895
--------
--------
--------
At 29 February 2024
25,606
12,281
37,887
--------
--------
--------
Carrying amount
At 29 February 2024
5,544
8,191
13,735
--------
--------
--------
At 28 February 2023
7,392
8,388
15,780
--------
--------
--------
7. Investments
Other investments other than loans
£
Cost
At 1 March 2023
105,605
Disposals
( 29,328)
Revaluations
889
Other movements
552
---------
At 29 February 2024
77,718
---------
Impairment
At 1 March 2023 and 29 February 2024
---------
Carrying amount
At 29 February 2024
77,718
---------
At 28 February 2023
105,605
---------
8. Debtors
2024
2023
£
£
Trade debtors
58,396
53,090
Other debtors
4,887
4,168
--------
--------
63,283
57,258
--------
--------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
3,713
535
Social security and other taxes
38,157
34,362
Other creditors
11,282
22,027
--------
--------
53,152
56,924
--------
--------
10. Financial instruments
The carrying amount for each category of financial instrument is as follows:
2024
2023
£
£
Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss
77,718
105,605
--------
---------