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REGISTERED NUMBER: 01168402 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Bolshaw Industrial Powders Limited

Bolshaw Industrial Powders Limited (Registered number: 01168402)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Bolshaw Industrial Powders Limited (Registered number: 01168402)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,485,784 1,651,073

CURRENT ASSETS
Stocks 8,500 20,099
Debtors 5 2,396,776 1,853,968
Cash at bank and in hand 130,306 17
2,535,582 1,874,084
CREDITORS
Amounts falling due within one year 6 1,714,332 1,434,713
NET CURRENT ASSETS 821,250 439,371
TOTAL ASSETS LESS CURRENT LIABILITIES 2,307,034 2,090,444

CREDITORS
Amounts falling due after more than one year 7 (853,666 ) (943,273 )

PROVISIONS FOR LIABILITIES (365,506 ) (272,391 )
NET ASSETS 1,087,862 874,780

CAPITAL AND RESERVES
Called up share capital 2,100 2,100
Retained earnings 1,085,762 872,680
SHAREHOLDERS' FUNDS 1,087,862 874,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 17 December 2024 and were signed on its behalf by:





Mr J I Bolshaw - Director


Bolshaw Industrial Powders Limited (Registered number: 01168402)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Bolshaw Industrial Powders 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: 01168402

Registered office: Harrop House
Rainow
Nr. Macclesfield
Cheshire
SK10 5UU

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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 5% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Assets are depreciated at the headline annual rate on a monthly basis from the month purchased to the month disposed.

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

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.

Bolshaw Industrial Powders Limited (Registered number: 01168402)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2023 113,530 2,920,111 63,283 2,371,790 5,468,714
Additions 10,743 61,520 1,435 198,030 271,728
Disposals - - - (136,500 ) (136,500 )
At 30 April 2024 124,273 2,981,631 64,718 2,433,320 5,603,942
DEPRECIATION
At 1 May 2023 98,838 1,932,291 51,587 1,734,925 3,817,641
Charge for year 1,676 209,868 2,626 204,015 418,185
Eliminated on disposal - - - (117,668 ) (117,668 )
At 30 April 2024 100,514 2,142,159 54,213 1,821,272 4,118,158
NET BOOK VALUE
At 30 April 2024 23,759 839,472 10,505 612,048 1,485,784
At 30 April 2023 14,692 987,820 11,696 636,865 1,651,073

Bolshaw Industrial Powders Limited (Registered number: 01168402)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 1,081,484 1,130,073 2,211,557
Additions 57,493 196,530 254,023
At 30 April 2024 1,138,977 1,326,603 2,465,580
DEPRECIATION
At 1 May 2023 301,764 557,568 859,332
Charge for year 167,443 192,258 359,701
At 30 April 2024 469,207 749,826 1,219,033
NET BOOK VALUE
At 30 April 2024 669,770 576,777 1,246,547
At 30 April 2023 779,720 572,505 1,352,225

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 796,635 661,133
Other debtors 1,600,141 1,192,835
2,396,776 1,853,968

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 253,922 220,301
Hire purchase contracts 501,285 545,251
Trade creditors 424,680 533,424
Taxation and social security 520,185 124,783
Other creditors 14,260 10,954
1,714,332 1,434,713

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 70,181 107,865
Hire purchase contracts 783,485 835,408
853,666 943,273

Bolshaw Industrial Powders Limited (Registered number: 01168402)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 102,839 20,184
Hire purchase contracts 1,284,770 1,380,659
1,387,609 1,400,843

The bank overdraft is secured by a fixed and floating charge over the undertaking and all assets of the company.

Hire purchase liabilities are secured against the assets to which they relate.

9. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £36,100 (2023 £0) This financial commitment represents the total amount of payments remaining on leases ending in 2028.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr J I Bolshaw
Balance outstanding at start of year 194,184 73,750
Amounts advanced 161,748 120,434
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 355,932 194,184

The Company holds a loan balance with Bolshaw Farm Partnership, which operates via Mrs J and Mr J I Bolshaw. As at 30th April 2024, the Company is owed £337,130 (April 2023 - £219,536).