Company registration number 11847184 (England and Wales)
CONSTRUCTION BOFFIN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
CONSTRUCTION BOFFIN LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CONSTRUCTION BOFFIN LIMITED (REGISTERED NUMBER: 11847184)
BALANCE SHEET
AS AT
28 FEBRUARY 2024
28 February 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
5,876
19,143
Current assets
Debtors
4
37,264
12,407
Cash at bank and in hand
35,360
8,752
72,624
21,159
Creditors: amounts falling due within one year
5
(50,500)
(33,207)
Net current assets/(liabilities)
22,124
(12,048)
Net assets
28,000
7,095
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
27,998
7,093
Total equity
28,000
7,095
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 25 November 2024
Mr T C Makokha
Director
CONSTRUCTION BOFFIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 2 -
1
Accounting policies
Company information
Construction Boffin Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Upper Grosvenor Road, Tunbridge Wells, England, TN1 2EP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
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 bases:
Fixtures and fittings
20% reducing balance
Computers
33% straight line
Motor vehicles
25% reducing balance
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 profit or loss.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
CONSTRUCTION BOFFIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 March 2023
500
17,085
13,500
31,085
Additions
769
1,574
2,343
Disposals
(13,500)
(13,500)
At 28 February 2024
1,269
18,659
19,928
Depreciation and impairment
At 1 March 2023
58
9,184
2,700
11,942
Depreciation charged in the year
159
4,651
4,150
8,960
Eliminated in respect of disposals
(6,850)
(6,850)
At 28 February 2024
217
13,835
14,052
Carrying amount
At 28 February 2024
1,052
4,824
5,876
At 28 February 2023
442
7,901
10,800
19,143
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
25,835
10,866
Other debtors
11,429
1,541
37,264
12,407
CONSTRUCTION BOFFIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
756
Taxation and social security
47,443
30,505
Other creditors
2,301
2,702
50,500
33,207
6
Related party transactions
Included within other debtors is a loan owed to the company by its director of £9,870 (2023 - NIL). This loan is interest free and repayable on demand.