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Registered number: 05862194
Boom Bap Touring Limited
Financial Statements
For The Year Ended 30 June 2024
MSE Business Management LLP
Association of Chartered Certified Accountants
1st Floor
104 Oxford Street
London
Greater London
W1D 1LP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05862194
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 205 1,130
205 1,130
CURRENT ASSETS
Debtors 5 868 662
Cash at bank and in hand 110,115 118,458
110,983 119,120
Creditors: Amounts Falling Due Within One Year 6 (499 ) (6,441 )
NET CURRENT ASSETS (LIABILITIES) 110,484 112,679
TOTAL ASSETS LESS CURRENT LIABILITIES 110,689 113,809
NET ASSETS 110,689 113,809
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 110,688 113,808
SHAREHOLDERS' FUNDS 110,689 113,809
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Green Gartside
Director
07/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Boom Bap Touring Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05862194 . The registered office is 1st Floor, 104 Oxford Street, London, W1D 1LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of Value Added Tax. Turnover represents revenue earned from fees receivable in respect of the provision of services.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.4. Financial Instruments
The company has only basic financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities
Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 4,110 2,083 6,193
As at 30 June 2024 4,110 2,083 6,193
Depreciation
As at 1 July 2023 3,501 1,562 5,063
Provided during the period 405 520 925
As at 30 June 2024 3,906 2,082 5,988
Net Book Value
As at 30 June 2024 204 1 205
As at 1 July 2023 609 521 1,130
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 361 180
Corporation tax recoverable assets 398 -
VAT 109 482
868 662
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 163 -
Corporation tax - 6,413
Accruals and deferred income - 26
Director's loan account 336 2
499 6,441
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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