Registered number
00698361
Boswood & Hendry Ltd
Filleted Accounts
31 January 2025
Boswood & Hendry Ltd
Registered number: 00698361
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 389,388 389,980
Current assets
Stocks 56,785 56,982
Debtors 4 7,038 8,110
Cash at bank and in hand 397,596 381,199
461,419 446,291
Creditors: amounts falling due within one year 5 (57,444) (60,131)
Net current assets 403,975 386,160
Total assets less current liabilities 793,363 776,140
Provisions for liabilities (444) (451)
Net assets 792,919 775,689
Capital and reserves
Called up share capital 4,050 4,050
Profit and loss account 761,369 744,139
Other reserves 27,500 27,500
Shareholders' funds 792,919 775,689
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T Boswood
Director
Approved by the board on 26 March 2025
Boswood & Hendry Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Land and buildings Motor vehicles Total
£ £ £
Cost
At 1 February 2024 387,611 28,870 416,481
At 31 January 2025 387,611 28,870 416,481
Depreciation
At 1 February 2024 - 26,501 26,501
Charge for the year - 592 592
At 31 January 2025 - 27,093 27,093
Net book value
At 31 January 2025 387,611 1,777 389,388
At 31 January 2024 387,611 2,369 389,980
4 Debtors 2025 2024
£ £
Trade debtors 1,356 6,114
Other debtors 5,682 1,996
7,038 8,110
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 27,199 29,969
Corporation tax 4,312 5,128
Other taxes and social security costs 12,924 8,421
Other creditors 13,009 16,613
57,444 60,131
6 Related party transactions
Rent for premises is paid to Mr T Boswood, a director.
7 Other information
Boswood & Hendry Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Tithe House
15 Dukes Ride
Crowthorne
Berkshire
RG45 6LZ
Boswood & Hendry Ltd 00698361 false 2024-02-01 2025-01-31 2025-01-31 VT Final Accounts April 2024 T Boswood No description of principal activity 00698361 2023-02-01 2024-01-31 00698361 core:WithinOneYear 2024-01-31 00698361 core:ShareCapital 2024-01-31 00698361 core:RetainedEarningsAccumulatedLosses 2024-01-31 00698361 2024-02-01 2025-01-31 00698361 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 00698361 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 00698361 bus:Director40 2024-02-01 2025-01-31 00698361 1 2024-02-01 2025-01-31 00698361 2 2024-02-01 2025-01-31 00698361 core:LandBuildings 2024-02-01 2025-01-31 00698361 core:Vehicles 2024-02-01 2025-01-31 00698361 countries:England 2024-02-01 2025-01-31 00698361 bus:FRS102 2024-02-01 2025-01-31 00698361 bus:FilletedAccounts 2024-02-01 2025-01-31 00698361 2025-01-31 00698361 core:WithinOneYear 2025-01-31 00698361 core:ShareCapital 2025-01-31 00698361 core:RetainedEarningsAccumulatedLosses 2025-01-31 00698361 core:LandBuildings 2025-01-31 00698361 core:Vehicles 2025-01-31 00698361 2024-01-31 00698361 core:LandBuildings 2024-01-31 00698361 core:Vehicles 2024-01-31 iso4217:GBP xbrli:pure