Caseware UK (AP4) 2023.0.135 2023.0.135 2025-01-312025-01-312024-02-01truefalseNo description of principal activity22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02675042 2024-02-01 2025-01-31 02675042 2023-02-01 2024-01-31 02675042 2025-01-31 02675042 2024-01-31 02675042 c:Director1 2024-02-01 2025-01-31 02675042 d:PlantMachinery 2024-02-01 2025-01-31 02675042 d:PlantMachinery 2025-01-31 02675042 d:PlantMachinery 2024-01-31 02675042 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 02675042 d:CurrentFinancialInstruments 2025-01-31 02675042 d:CurrentFinancialInstruments 2024-01-31 02675042 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 02675042 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 02675042 d:ShareCapital 2025-01-31 02675042 d:ShareCapital 2024-01-31 02675042 d:RetainedEarningsAccumulatedLosses 2025-01-31 02675042 d:RetainedEarningsAccumulatedLosses 2024-01-31 02675042 c:FRS102 2024-02-01 2025-01-31 02675042 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 02675042 c:FullAccounts 2024-02-01 2025-01-31 02675042 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 02675042 2 2024-02-01 2025-01-31 02675042 e:PoundSterling 2024-02-01 2025-01-31 iso4217:GBP xbrli:pure

Registered number: 02675042









BOLT SCIENCE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2025

 
BOLT SCIENCE LIMITED
REGISTERED NUMBER: 02675042

BALANCE SHEET
AS AT 31 JANUARY 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,983
5,862

  
4,983
5,862

Current assets
  

Debtors: amounts falling due within one year
 5 
10,912
25,375

Cash at bank and in hand
 6 
326,501
324,889

  
337,413
350,264

Creditors: amounts falling due within one year
 7 
(54,451)
(52,316)

Net current assets
  
 
 
282,962
 
 
297,948

Total assets less current liabilities
  
287,945
303,810

  

Net assets
  
287,945
303,810


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
287,943
303,808

  
287,945
303,810


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 March 2025.



Page 1

 
BOLT SCIENCE LIMITED
REGISTERED NUMBER: 02675042
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025


William Eccles
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
BOLT SCIENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

Bolt Science Limited (company number 02675042) is a private company limited by shares, registered in England and Wales.  Its registered office is at Victoria House, 16 Rotherwick Avenue, Lancashire, PR7 2PY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as 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 a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
BOLT SCIENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
BOLT SCIENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2025
2024
£
£

Wages and salaries
73,317
65,857

Cost of defined contribution scheme
60,000
60,000

133,317
125,857


The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 5

 
BOLT SCIENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

4.


Tangible fixed assets





Plant & machinery

£



Cost or valuation


At 1 February 2024
71,483



At 31 January 2025

71,483



Depreciation


At 1 February 2024
65,621


Charge for the year on owned assets
879



At 31 January 2025

66,500



Net book value



At 31 January 2025
4,983



At 31 January 2024
5,862


5.


Debtors

2025
2024
£
£


Trade debtors
10,912
25,375

10,912
25,375



6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
326,501
324,889

326,501
324,889


Page 6

 
BOLT SCIENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Corporation tax
7,744
9,106

Other taxation and social security
5,411
2,065

Other creditors
39,496
39,395

Accruals and deferred income
1,800
1,750

54,451
52,316



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £60,000 (2023 - £60,000). 

 
Page 7