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Company Registration No. 10871836 (England and Wales)
BOROMI LTD Unaudited accounts for the year ended 31 July 2024
BOROMI LTD Unaudited accounts Contents
Page
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BOROMI LTD Company Information for the year ended 31 July 2024
Directors
Eve Keough Harriet Russell
Company Number
10871836 (England and Wales)
Registered Office
71-75 Shelton Street London WC2H 9JQ
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
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BOROMI LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
674 
- 
Tangible assets
1,108 
3,579 
1,782 
3,579 
Current assets
Inventories
15,789 
12,957 
Debtors
9,031 
6,362 
Cash at bank and in hand
89,159 
17,415 
113,979 
36,734 
Creditors: amounts falling due within one year
(96,299)
(35,743)
Net current assets
17,680 
991 
Total assets less current liabilities
19,462 
4,570 
Creditors: amounts falling due after more than one year
(5,187)
(15,000)
Net assets/(liabilities)
14,275 
(10,430)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
14,265 
(10,440)
Shareholders' funds
14,275 
(10,430)
For the year ending 31 July 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 April 2025 and were signed on its behalf by
Eve Keough Director Company Registration No. 10871836
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BOROMI LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
BOROMI LTD is a private company, limited by shares, registered in England and Wales, registration number 10871836. The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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BOROMI LTD Notes to the Accounts for the year ended 31 July 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2023
- 
Additions
700 
At 31 July 2024
700 
Amortisation
At 1 August 2023
- 
Charge for the year
26 
At 31 July 2024
26 
Net book value
At 31 July 2024
674 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
4,260 
5,450 
9,710 
Additions
- 
431 
431 
Disposals
(720)
(1,494)
(2,214)
At 31 July 2024
3,540 
4,387 
7,927 
Depreciation
At 1 August 2023
3,056 
3,075 
6,131 
Charge for the year
659 
1,314 
1,973 
On disposals
(398)
(887)
(1,285)
At 31 July 2024
3,317 
3,502 
6,819 
Net book value
At 31 July 2024
223 
885 
1,108 
At 31 July 2023
1,204 
2,375 
3,579 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,822 
- 
Accrued income and prepayments
2,025 
4,918 
Other debtors
5,184 
1,444 
9,031 
6,362 
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BOROMI LTD Notes to the Accounts for the year ended 31 July 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,401 
7,988 
VAT
- 
1,420 
Trade creditors
8,329 
10,697 
Taxes and social security
4,386 
823 
Other creditors
1,377 
- 
Loans from directors
6,103 
6,164 
Accruals
28 
131 
Deferred income
70,675 
8,520 
96,299 
35,743 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,187 
8,000 
Other creditors
- 
7,000 
5,187 
15,000 
9
Average number of employees
During the year the average number of employees was 5 (2023: 4).
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