0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 10098806 2023-05-01 2024-04-30 10098806 2024-04-30 10098806 2023-04-30 10098806 2022-05-01 2023-04-30 10098806 2023-04-30 10098806 2022-04-30 10098806 core:FurnitureFittings 2023-05-01 2024-04-30 10098806 bus:Director1 2023-05-01 2024-04-30 10098806 core:FurnitureFittings 2023-04-30 10098806 core:FurnitureFittings 2024-04-30 10098806 core:WithinOneYear 2024-04-30 10098806 core:WithinOneYear 2023-04-30 10098806 core:AfterOneYear 2023-04-30 10098806 core:ShareCapital 2024-04-30 10098806 core:ShareCapital 2023-04-30 10098806 core:RetainedEarningsAccumulatedLosses 2024-04-30 10098806 core:RetainedEarningsAccumulatedLosses 2023-04-30 10098806 core:FurnitureFittings 2023-04-30 10098806 bus:Director1 2023-04-30 10098806 bus:Director1 2024-04-30 10098806 bus:Director1 2022-04-30 10098806 bus:Director1 2023-04-30 10098806 bus:Director1 2022-05-01 2023-04-30 10098806 bus:SmallEntities 2023-05-01 2024-04-30 10098806 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10098806 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10098806 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10098806 bus:FullAccounts 2023-05-01 2024-04-30 10098806 core:OfficeEquipment 2023-05-01 2024-04-30 10098806 core:OfficeEquipment 2024-04-30 10098806 core:OfficeEquipment 2023-04-30
COMPANY REGISTRATION NUMBER: 10098806
BOOMZONE LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 April 2024
BOOMZONE LTD
STATEMENT OF FINANCIAL POSITION
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
171,947
202,729
Current assets
Debtors
5
9,394
180,548
Cash at bank and in hand
8,600
9,035
---------
----------
17,994
189,583
Creditors: amounts falling due within one year
6
1,266,124
1,302,074
-------------
-------------
Net current liabilities
1,248,130
1,112,491
-------------
-------------
Total assets less current liabilities
( 1,076,183)
( 909,762)
Creditors: amounts falling due after more than one year
7
53,248
-------------
----------
Net liabilities
( 1,076,183)
( 963,010)
-------------
----------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 1,076,283)
( 963,110)
-------------
----------
Shareholders deficit
( 1,076,183)
( 963,010)
-------------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BOOMZONE LTD
STATEMENT OF FINANCIAL POSITION (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 29 April 2025 , and are signed on behalf of the board by:
CW Mirza
Director
Company registration number: 10098806
Going concern
The financial statements have been prepared under the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon the continuing support of the company's directors.
If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to made to reduce the balance sheet values of the assets to their recoverable amounts and to provide for further liabilities that might arise. The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.
BOOMZONE LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, BN3 2DL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared under the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon the continuing support of the company's directors. If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to made to reduce the balance sheet values of the assets to their recoverable amounts and to provide for further liabilities that might arise. The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% straight line
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Construction contracts
Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 May 2023 and 30 April 2024
282,859
16,250
299,109
----------
---------
----------
Depreciation
At 1 May 2023
83,856
12,524
96,380
Charge for the year
29,850
932
30,782
----------
---------
----------
At 30 April 2024
113,706
13,456
127,162
----------
---------
----------
Carrying amount
At 30 April 2024
169,153
2,794
171,947
----------
---------
----------
At 30 April 2023
199,003
3,726
202,729
----------
---------
----------
5. Debtors
2024
2023
£
£
Trade debtors
70,540
48,034
Other debtors
( 61,146)
132,514
---------
----------
9,394
180,548
---------
----------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
25,697
34,378
Trade creditors
481,003
159,637
Social security and other taxes
60,519
Other creditors
( 32,569)
( 18,668)
Other creditors
731,474
1,126,727
-------------
-------------
1,266,124
1,302,074
-------------
-------------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
53,248
----
---------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
CW Mirza
( 49,095)
( 49,095)
---------
----
---------
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
CW Mirza
( 50,495)
1,400
( 49,095)
---------
-------
---------
9. Related party transactions
The company was under the control of Mr C W Mirza throughout the year.