BOA Construction Limited - Limited company accounts 24.3

REGISTERED NUMBER: 11040864 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

BOA CONSTRUCTION LIMITED

Page

Company Information

1

Report of the Director

2

Report of the Accountants

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

7

DIRECTOR:

Mr J C Nel

REGISTERED OFFICE:

Ground Floor Marlborough House,

298 Regents Park Road

London

N3 2SZ

REGISTERED NUMBER:

11040864 (England and Wales)

ACCOUNTANTS:

Fusion Accountancy Limited

Marlborough House

298 Regents Park Road

London

N3 2SZ

The director presents his report with the financial statements of the company for the year ended 31 October 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of commercial buildings.

DIRECTOR

Mr J C Nel held office during the whole of the period from 1 November 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr J C Nel - Director

3 April 2025

In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 October 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Fusion Accountancy Limited

Marlborough House

298 Regents Park Road

London

N3 2SZ

7 April 2025

TURNOVER

161,302

293,968

Cost of sales

119,394

200,050

GROSS PROFIT

41,908

93,918

Administrative expenses

45,040

84,116

OPERATING (LOSS)/PROFIT

(3,132

)

9,802

Interest payable and similar expenses

61

1,295

(LOSS)/PROFIT BEFORE TAXATION

(3,193

)

8,507

Tax on (loss)/profit

(408

)

1,385

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(2,785

)

7,122

FIXED ASSETS

Tangible assets

4

4,122

3,628

CURRENT ASSETS

Debtors

5

130,345

137,509

Cash at bank

72,578

125,097

202,923

262,606

CREDITORS

Amounts falling due within one year

6

21,883

66,211

NET CURRENT ASSETS

181,040

196,395

TOTAL ASSETS LESS CURRENT
LIABILITIES

185,162

200,023

CREDITORS

Amounts falling due after more than one year

7

7,368

17,444

NET ASSETS

177,794

182,579

CAPITAL AND RESERVES

Called up share capital

8

1

Retained earnings

9

177,793

182,578

SHAREHOLDERS' FUNDS

177,794

182,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

The financial statements were approved by the director and authorised for issue on 3 April 2025 and were signed by:

Mr J C Nel - Director

1.	STATUTORY INFORMATION

BOA Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor Vehicles 25% on cost

Office equipment 33.3%on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Office

Motor

Equipment

vehicles

Totals

£

COST

At 1 November 2023

-

58,451

Additions

5,496

-

5,496

At 31 October 2024

5,496

58,451

63,947

DEPRECIATION

At 1 November 2023

-

54,823

Charge for year

1,374

3,628

5,002

At 31 October 2024

1,374

58,451

59,825

NET BOOK VALUE

At 31 October 2024

4,122

-

4,122

At 31 October 2023

-

3,628

5.

DEBTORS

31.10.24

31.10.23

£

Amounts falling due within one year:

Trade debtors

9,767

16,931

Amounts falling due after more than one year:

Other debtors

120,578

Aggregate amounts

130,345

137,509

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

Bank loans and overdrafts

10,000

Corporation tax

(419

)

1,385

Net wages

933

2,074

Pension Control

30

37

VAT

7,669

11,680

Other loan

1,064

3,994

Other creditor

648

31,749

Director's current account

418

3,892

Accruals and deferred income

1,540

1,400

21,883

66,211

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

BBL Due > 1 Year

7,368

17,444

The bank loan is part of the BBL Scheme that was launched on 27 April 2020. The scheme is 100% government backed. The interest rate is 2.5% per year and the term of the loan is 5 years, and early repayment is possible without additional charges.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.24

31.10.23

value:

£

1

Ordinary

1

9.

RESERVES

Retained

earnings

£

At 1 November 2023

182,578

Deficit for the year

(2,785

)

Dividends

(2,000

)

At 31 October 2024

177,793

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 were paid to the director .

At the balance sheet date, included in creditors due within one year is an amount of £418 (2023: £3,892) owed to the director.This loan is interest free, of no fixed term and repayable on demand.

J C Nel is also a director and shareholder of BOA Residential Ltd. At the year end BOA Residential Ltd owed £120,578 (2023: £120,578) to the company.

The ultimate controlling party is J C Nel, the director and shareholder of the company.