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REGISTERED NUMBER: 12341296 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

BOSTEC LIMITED

BOSTEC LIMITED (REGISTERED NUMBER: 12341296)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BOSTEC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr S P Tracey
Mrs K S Tracey





REGISTERED OFFICE: 48 Averon Rise
Oldham
OL1 4NX





REGISTERED NUMBER: 12341296 (England and Wales)





ACCOUNTANTS: Livesey Spottiswood Ltd
Chartered Accountants
17 George Street
St Helens
Merseyside
WA10 1DB

BOSTEC LIMITED (REGISTERED NUMBER: 12341296)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 865 -
Tangible assets 5 197,551 104,471
198,416 104,471

CURRENT ASSETS
Stocks 72,000 68,500
Debtors 333,218 140,612
Cash at bank and in hand 8,002 28,367
413,220 237,479
CREDITORS
Amounts falling due within one year (273,228 ) (181,532 )
NET CURRENT ASSETS 139,992 55,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

338,408

160,418

CREDITORS
Amounts falling due after more than one year (110,725 ) (111,621 )

PROVISIONS FOR LIABILITIES (27,672 ) -
NET ASSETS 200,011 48,797

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 199,811 48,597
200,011 48,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BOSTEC LIMITED (REGISTERED NUMBER: 12341296)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by:





Mr S P Tracey - Director


BOSTEC LIMITED (REGISTERED NUMBER: 12341296)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Bostec 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 and represents amounts receivable for goods and services rendered, stated net of discounts and of value added tax.

When the outcome of a transaction can be estimated reliably, turnover from service and contract installation work is recognised using the percentage completion method. Amounts recoverable on long-term contracts are included within debtors. Payments on account of long-term contracts are included within creditors.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 30% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

BOSTEC LIMITED (REGISTERED NUMBER: 12341296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 915
At 30 November 2024 915
AMORTISATION
Amortisation for year 50
At 30 November 2024 50
NET BOOK VALUE

At 30 November 2024 865

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023 145,095
Additions 144,529
At 30 November 2024 289,624
DEPRECIATION
At 1 December 2023 40,624
Charge for year 51,449
At 30 November 2024 92,073
NET BOOK VALUE
At 30 November 2024 197,551
At 30 November 2023 104,471

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 38,385 8,772
Between one and five years 110,725 76,758
149,110 85,530

Non-cancellable operating leases
2024 2023
£    £   
Within one year 7,455 26,871
Between one and five years 1,652 -
9,107 26,871

BOSTEC LIMITED (REGISTERED NUMBER: 12341296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 149,110 85,530

The hire purchase liability is secured against the assets to which it relates.