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Company No: 08072286 (England and Wales)

BOURNEMOUTH ASSISTANCE LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

BOURNEMOUTH ASSISTANCE LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

BOURNEMOUTH ASSISTANCE LIMITED

BALANCE SHEET

As at 31 May 2024
BOURNEMOUTH ASSISTANCE LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 3,120 6,240
Tangible assets 4 10,505 13,392
13,625 19,632
Current assets
Debtors 5 224,969 217,605
Cash at bank and in hand 20,243 42,939
245,212 260,544
Creditors: amounts falling due within one year 6 ( 153,029) ( 174,433)
Net current assets 92,183 86,111
Total assets less current liabilities 105,808 105,743
Creditors: amounts falling due after more than one year 7 ( 104,947) ( 89,855)
Net assets 861 15,888
Capital and reserves
Called-up share capital 100 100
Profit and loss account 761 15,788
Total shareholders' funds 861 15,888

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Bournemouth Assistance Limited (registered number: 08072286) were approved and authorised for issue by the Board of Directors on 24 February 2025. They were signed on its behalf by:

A K Davis
Director
BOURNEMOUTH ASSISTANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
BOURNEMOUTH ASSISTANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bournemouth Assistance Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 4 Old Generator House, 25 Bourne Valley Road, Poole, BH12 1DZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Leasehold improvements 10 years straight line
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 52 60

3. Intangible assets

Trademarks, patents
and licences
Total
£ £
Cost
At 01 June 2023 66,600 66,600
At 31 May 2024 66,600 66,600
Accumulated amortisation
At 01 June 2023 60,360 60,360
Charge for the financial year 3,120 3,120
At 31 May 2024 63,480 63,480
Net book value
At 31 May 2024 3,120 3,120
At 31 May 2023 6,240 6,240

4. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Office equipment Total
£ £ £ £ £
Cost
At 01 June 2023 4,980 5,707 11,195 17,119 39,001
Additions 0 0 0 669 669
At 31 May 2024 4,980 5,707 11,195 17,788 39,670
Accumulated depreciation
At 01 June 2023 1,494 4,761 4,723 14,631 25,609
Charge for the financial year 498 237 1,618 1,203 3,556
At 31 May 2024 1,992 4,998 6,341 15,834 29,165
Net book value
At 31 May 2024 2,988 709 4,854 1,954 10,505
At 31 May 2023 3,486 946 6,472 2,488 13,392

5. Debtors

2024 2023
£ £
Trade debtors 33,572 64,193
Other debtors 191,397 153,412
224,969 217,605

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 28,829 22,228
Trade creditors 10,618 7,640
Corporation tax 72,926 115,871
Other taxation and social security 29,137 15,893
Other creditors 11,519 12,801
153,029 174,433

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 104,947 89,855

There are no amounts included above in respect of which any security has been given by the small entity.

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Advance to directors 121,536 89,048

Interest @ 2.25% has been charged on the overdrawn loan balance.