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BOVERTON PRECISION LIMITED

Registered Number
07902432
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

BOVERTON PRECISION LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

ENGLISH, Murray
LINDSELL, Caroline

Registered Address

Oxbutts Industrial Estate
Woodmancote
Cheltenham
GL52 9HW

Registered Number

07902432 (England and Wales)
BOVERTON PRECISION LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets336,00042,000
Tangible assets59207
36,05942,207
Current assets
Stocks41,0001,000
Debtors1,05913,813
Cash at bank and on hand7,0701,171
9,12915,984
Creditors amounts falling due within one year5(70,153)(73,223)
Net current assets (liabilities)(61,024)(57,239)
Total assets less current liabilities(24,965)(15,032)
Net assets(24,965)(15,032)
Capital and reserves
Called up share capital22
Profit and loss account(24,967)(15,034)
Shareholders' funds(24,965)(15,032)
The financial statements were approved and authorised for issue by the Board of Directors on 30 August 2024, and are signed on its behalf by:
LINDSELL, Caroline
Director
Registered Company No. 07902432
BOVERTON PRECISION LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are being amortised evenly over its estimated life of 10 years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery5
Office Equipment3
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.Average number of employees

20242023
Average number of employees during the year22
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 2360,00060,000
At 31 March 2460,00060,000
Amortisation and impairment
At 01 April 2318,00018,000
Charge for year6,0006,000
At 31 March 2424,00024,000
Net book value
At 31 March 2436,00036,000
At 31 March 2342,00042,000
4.Stocks

2024

2023

££
Raw materials and consumables1,0001,000
Total1,0001,000
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-543
Taxation and social security3293,479
Other creditors69,82469,201
Total70,15373,223
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.