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REGISTERED NUMBER: 05453143 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Boss Tuneage Limited

Boss Tuneage Limited (Registered number: 05453143)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Boss Tuneage Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mrs J Stephens





REGISTERED OFFICE: The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS





REGISTERED NUMBER: 05453143 (England and Wales)





ACCOUNTANTS: GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS

Boss Tuneage Limited (Registered number: 05453143)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £   
CURRENT ASSETS
Stocks 10,500 13,500
Debtors 6 22,030 22,639
Cash at bank 146 2,122
32,676 38,261
CREDITORS
Amounts falling due within one year 7 28,767 27,937
NET CURRENT ASSETS 3,909 10,324
TOTAL ASSETS LESS CURRENT LIABILITIES 3,909 10,324

CREDITORS
Amounts falling due after more than one year 8 15,527 16,829
NET LIABILITIES (11,618 ) (6,505 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (11,620 ) (6,507 )
SHAREHOLDERS' FUNDS (11,618 ) (6,505 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2025 and were signed by:





Mrs J Stephens - Director


Boss Tuneage Limited (Registered number: 05453143)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Boss Tuneage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

There were no material departures from that standard.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from the manufacture and sale of recorded material is recognised when work has been carried out.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Fixtures, fittings and equipment - 25% on cost
Computer equipment - 25% on cost

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 Income Statement, 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 statement of financial position date.

Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to profit and loss in the period to which they relate.

Boss Tuneage Limited (Registered number: 05453143)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 25,000
AMORTISATION
At 1 June 2023
and 31 May 2024 25,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Computer
equipment equipment Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 700 2,511 3,211
DEPRECIATION
At 1 June 2023
and 31 May 2024 700 2,511 3,211
NET BOOK VALUE
At 31 May 2024 - - -
At 31 May 2023 - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors (2,791 ) (5,747 )
Directors' current accounts 22,962 26,859
Tax - 867
Deferred tax asset 1,859 660
22,030 22,639

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 2,124 2,124
Trade creditors 8,858 8,342
Other creditors 16,171 16,171
Accrued expenses 1,614 1,300
28,767 27,937

Boss Tuneage Limited (Registered number: 05453143)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-5 years 6,371 6,371
Bank loans more 5 years 9,156 10,458
15,527 16,829

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 years 9,156 10,458

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Mrs J Stephens
Balance outstanding at start of year 26,859 32,959
Amounts advanced 3,240 -
Amounts repaid (7,137 ) (6,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,962 26,859

10. RELATED PARTY DISCLOSURES

The amount outstanding at the year-end from Ms J Durham was £22,962 (2023 - £26,859).

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Boss Tuneage Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Boss Tuneage Limited for the year ended 31 May 2024 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Boss Tuneage Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Boss Tuneage Limited and state those matters that we have agreed to state to the director of Boss Tuneage Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Boss Tuneage Limited and its director for our work or for this report.

It is your duty to ensure that Boss Tuneage Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Boss Tuneage Limited. You consider that Boss Tuneage Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Boss Tuneage Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS


27 February 2025