Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10424919 Mr J W Boorman Mr T Boorman Mr J W Boorman true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10424919 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-06-30 10424919 2023-06-30 10424919 2024-06-30 10424919 2023-07-01 2024-06-30 10424919 frs-core:CurrentFinancialInstruments 2024-06-30 10424919 frs-core:Non-currentFinancialInstruments 2024-06-30 10424919 frs-core:ShareCapital 2024-06-30 10424919 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10424919 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10424919 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10424919 frs-bus:SmallEntities 2023-07-01 2024-06-30 10424919 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10424919 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10424919 1 2023-07-01 2024-06-30 10424919 frs-core:CostValuation 2023-06-30 10424919 frs-core:CostValuation 2024-06-30 10424919 frs-core:ProvisionsForImpairmentInvestments 2023-06-30 10424919 frs-core:ProvisionsForImpairmentInvestments 2024-06-30 10424919 frs-bus:Director1 2023-07-01 2024-06-30 10424919 frs-bus:Director2 2023-07-01 2024-06-30 10424919 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 10424919 frs-countries:EnglandWales 2023-07-01 2024-06-30 10424919 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-06-30 10424919 2022-06-30 10424919 2023-06-30 10424919 2022-07-01 2023-06-30 10424919 frs-core:CurrentFinancialInstruments 2023-06-30 10424919 frs-core:Non-currentFinancialInstruments 2023-06-30 10424919 frs-core:ShareCapital 2023-06-30 10424919 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 10424919
Boorman Transport Solutions Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Davey Grover Ltd
Chartered Accountants
4 Fenice Court
Phoenix Business Park
St. Neots
Cambridgeshire
PE19 8EP
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 10424919
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 590,976 588,044
Investments 5 761,176 761,176
1,352,152 1,349,220
CURRENT ASSETS
Debtors 6 11,545 -
Cash at bank and in hand 16,947 33,096
28,492 33,096
Creditors: Amounts Falling Due Within One Year 7 (651,983 ) (828,526 )
NET CURRENT ASSETS (LIABILITIES) (623,491 ) (795,430 )
TOTAL ASSETS LESS CURRENT LIABILITIES 728,661 553,790
Creditors: Amounts Falling Due After More Than One Year 8 (333,200 ) (366,800 )
NET ASSETS 395,461 186,990
CAPITAL AND RESERVES
Called up share capital 10 1 1
Income Statement 395,460 186,989
SHAREHOLDERS' FUNDS 395,461 186,990
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Income Statement.
On behalf of the board
Mr J W Boorman
Director
18 March 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Boorman Transport Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10424919 . The registered office is Unit 4 Fenice Court Phoenix Business Park, Eaton Socon, St. Neots, PE19 8EP.
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.
Preparation of consolidated financial statements
The financial statements contain information about Boorman Transport Solutions Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirement to prepare consolidated financial statements.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rental Income
Income is recognised for the period that the rental relates to.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.4. Taxation
Income 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 years 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
Page 3
Page 4
2.4. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 July 2023 588,044
Additions 2,932
As at 30 June 2024 590,976
At the 30 June 2024 and 30 June 2023 the directors believe that the invesrment property reflects its fair value at the reporting date as stated.
5. Investments
Subsidiaries
£
Cost
As at 1 July 2023 761,176
As at 30 June 2024 761,176
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 761,176
As at 1 July 2023 761,176
The company's investment at 30 June 2024 and 30 June 2023 represents a 100% shareholding in the following company:
Speldhurst Limited
Registered Office: 4 Fenice Court, Phoenix Business Park, Eaton Socon, St. Neots, Cambridgeshire, PE19 8EP.
Company Number: 02509678.
The investment has been valued at historical cost, as the directors are unable to obtain a reliable valuation.
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 11,545 -
11,545 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 33,600 33,600
Other creditors 615,559 791,696
Taxation and social security 2,824 3,230
651,983 828,526
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 333,200 366,800
333,200 366,800
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 198,800 232,400
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 366,800 400,400
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5
Page 6
11. Related Party Transactions
At the 30 June 2024 the directors had provided interest free loans to the company by way of their directors loan accounts, the balances at the reporting date are as follows:
Mr J W Boorman £71 (2023: £9,071).
Mr T Boorman £49,091 (2023: £57,792).
For the year ended 30 June 2024 £12,000 (2023: £12,000) was received in rent from a business that Mr T Boorman owns.
Included within other creditors due within one year at 30 June 2024 is £563,820 (2023: £724,092) owed to Speldhurst Limited, which is 100% owed by Boorman Transport Solutions Limited. This is an interest free loan.
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr J W Boorman by virtue of his ownership of 100% of the issued share capital in the company.
Page 6