Boale Consultancy Ltd
Registered number: 09667685
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,648 924
Current assets
Debtors 4 73,733 16,059
Cash at bank and in hand 60,306 96,929
134,039 112,988
Creditors: amounts falling due within one year 5 (20,203) 1,556
Net current assets 113,836 114,544
Total assets less current liabilities 115,484 115,468
Creditors: amounts falling due after more than one year 6 (13,118) -
Net assets 102,366 115,468
Capital and reserves
Called up share capital 100 100
Profit and loss account 102,266 115,368
Shareholder's funds 102,366 115,468
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr Rana Boale
Director
Approved by the board on 29 April 2025
Boale Consultancy Ltd
Notes to the Accounts
for the year ended 31 July 2024
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% straight line
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 1,848
Additions 1,582
At 31 July 2024 3,430
Depreciation
At 1 August 2023 924
Charge for the year 858
At 31 July 2024 1,782
Net book value
At 31 July 2024 1,648
At 31 July 2023 924
4 Debtors 2024 2023
£ £
Loans 14,095 14,095
Other debtors 59,638 1,964
73,733 16,059
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,231 -
Corporation tax 9,950 (1,778)
Other taxes and social security costs 320 -
Other creditors 702 222
20,203 (1,556)
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,118 -
7 Controlling party
The company is controlled by the director, Mr Rana Boale who also owns 100% of the issued shares.
8 Other information
Boale Consultancy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
18 Wasdale Close
West Bridgford
Nottingham
United Kingdom
NG2 6RG
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