Bolting Darts Ltd 09700699 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is retail sale Digita Accounts Production Advanced 6.30.9574.0 true true 09700699 2023-08-01 2024-07-31 09700699 2024-07-31 09700699 bus:OrdinaryShareClass1 2024-07-31 09700699 core:CurrentFinancialInstruments 2024-07-31 09700699 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 09700699 core:Non-currentFinancialInstruments 2024-07-31 09700699 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 09700699 core:FurnitureFittingsToolsEquipment 2024-07-31 09700699 core:OtherPropertyPlantEquipment 2024-07-31 09700699 bus:SmallEntities 2023-08-01 2024-07-31 09700699 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 09700699 bus:FilletedAccounts 2023-08-01 2024-07-31 09700699 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09700699 bus:RegisteredOffice 2023-08-01 2024-07-31 09700699 bus:CompanySecretaryDirector1 2023-08-01 2024-07-31 09700699 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 09700699 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09700699 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 09700699 core:OfficeEquipment 2023-08-01 2024-07-31 09700699 core:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 09700699 countries:UnitedKingdom 2023-08-01 2024-07-31 09700699 2023-07-31 09700699 core:FurnitureFittingsToolsEquipment 2023-07-31 09700699 core:OtherPropertyPlantEquipment 2023-07-31 09700699 2022-08-01 2023-07-31 09700699 2023-07-31 09700699 bus:OrdinaryShareClass1 2023-07-31 09700699 core:CurrentFinancialInstruments 2023-07-31 09700699 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 09700699 core:Non-currentFinancialInstruments 2023-07-31 09700699 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 09700699 core:FurnitureFittingsToolsEquipment 2023-07-31 09700699 core:OtherPropertyPlantEquipment 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09700699

Bolting Darts Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Bolting Darts Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 10

 

Bolting Darts Ltd

Company Information

Director

Mr Adam Dobrzynski

Company secretary

Mr Adam Dobrzynski

Registered office

Unit 107 Hoyle Street
Bewsey Industrial Estate
Warrington
WA5 0LP

Accountants

Accountancy 4 You Ltd
447-448 Houldsworth Street
Stockport
SK5 6DA

 

Bolting Darts Ltd

(Registration number: 09700699)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,137

2,294

Current assets

 

Stocks

5

175,017

234,310

Debtors

6

241,087

149,404

Cash at bank and in hand

 

40,403

84,590

 

456,507

468,304

Creditors: Amounts falling due within one year

7

(273,110)

(228,894)

Net current assets

 

183,397

239,410

Total assets less current liabilities

 

185,534

241,704

Creditors: Amounts falling due after more than one year

7

(1,585)

(651)

Net assets

 

183,949

241,053

Capital and reserves

 

Called up share capital

8

10

10

Retained earnings

183,939

241,043

Shareholders' funds

 

183,949

241,053

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 February 2025
 

.........................................
Mr Adam Dobrzynski
Company secretary and director

 

Bolting Darts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit 107 Hoyle Street
Bewsey Industrial Estate
Warrington
WA5 0LP

The principal place of business is:
Unit 107 Hoyle Street
Bewsey Industrial Estate
Warrington
WA5 0LP

These financial statements were authorised for issue by the director on 19 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Bolting Darts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

33% Straight Line Method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Bolting Darts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Bolting Darts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 10).

 

Bolting Darts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 August 2023

13,280

4,246

17,526

Additions

1,892

-

1,892

At 31 July 2024

15,172

4,246

19,418

Depreciation

At 1 August 2023

13,274

1,958

15,232

Charge for the year

631

1,418

2,049

At 31 July 2024

13,905

3,376

17,281

Carrying amount

At 31 July 2024

1,267

870

2,137

At 31 July 2023

6

2,288

2,294

5

Stocks

2024
£

2023
£

Other inventories

175,017

234,310

6

Debtors

Current

2024
£

2023
£

Trade debtors

31,165

(50,774)

Other debtors

209,922

200,178

 

241,087

149,404

7

Creditors

Creditors: amounts falling due within one year

 

Bolting Darts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

4,283

377

Trade creditors

 

168,523

49,877

Taxation and social security

 

79,998

147,780

Accruals and deferred income

 

-

45

Other creditors

 

20,306

30,815

 

273,110

228,894

 

Bolting Darts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

1,585

651

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

10

10

10

10

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

1,585

651

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

4,283

377

10

Dividends

2024

2023

£

£

 

 

11

Related party transactions

 

Bolting Darts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

25,140

25,140