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REGISTERED NUMBER: 01915680 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

BOOSTCHOICE LIMITED

BOOSTCHOICE LIMITED (REGISTERED NUMBER: 01915680)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOOSTCHOICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







Directors: Mr R D Walpole
Mr B B Walpole
Mr B S Walpole
Ms D S Walpole
Ms L A Walpole
Mr Z R Walpole
Mrs H E Walpole





Secretary: Mr E G Walpole





Registered office: Units 1-2 Kingside Business Park
Ruston Road
Woolwich
London
SE18 5BX





Registered number: 01915680 (England and Wales)





Accountants: BHG LLP
Chartered Accountants
95 St. George's Terrace
Newcastle Upon Tyne
NE2 2DN

BOOSTCHOICE LIMITED (REGISTERED NUMBER: 01915680)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 240,781 279,152

CURRENT ASSETS
Stocks 5 1,524,826 1,079,929
Debtors 6 2,666,832 2,467,654
Investments 7 861,150 -
Cash at bank 1,040,611 1,271,029
6,093,419 4,818,612
CREDITORS
Amounts falling due within one year 8 4,567,288 2,923,291
NET CURRENT ASSETS 1,526,131 1,895,321
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,766,912

2,174,473

CREDITORS
Amounts falling due after more than one
year

9

(16,190

)

(46,959

)

PROVISIONS FOR LIABILITIES 11 (26,205 ) (27,299 )
NET ASSETS 1,724,517 2,100,215

CAPITAL AND RESERVES
Called up share capital 12 66,000 66,000
Retained earnings 1,658,517 2,034,215
SHAREHOLDERS' FUNDS 1,724,517 2,100,215

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

BOOSTCHOICE LIMITED (REGISTERED NUMBER: 01915680)

BALANCE SHEET - continued
31 AUGUST 2024


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

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 29 May 2025 and were signed on its behalf by:





Mr R D Walpole - Director


BOOSTCHOICE LIMITED (REGISTERED NUMBER: 01915680)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Boostchoice 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with other group companies.

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 the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods

Turnover from the provision 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Financial instruments
Unlisted investments are included at fair market value at the balance sheet date with gains or losses recognised in the income statement.

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.


BOOSTCHOICE LIMITED (REGISTERED NUMBER: 01915680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

Pension costs and other post-retirement benefits
The company operates a defined contribution scheme for the benefit of its employees and a small self-administered scheme of which only the director and the company secretary are members. Contributions payable are charged to the profit and loss account in the period to which they relate.

Payments in respect of other post-retirement benefits 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 45 (2023 - 45 ) .

BOOSTCHOICE LIMITED (REGISTERED NUMBER: 01915680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 September 2023 502,584 692,401 1,194,985
Additions - 97,614 97,614
Disposals (244,658 ) (131,403 ) (376,061 )
At 31 August 2024 257,926 658,612 916,538
Depreciation
At 1 September 2023 395,624 520,209 915,833
Charge for year 30,214 104,656 134,870
Eliminated on disposal (244,659 ) (130,287 ) (374,946 )
At 31 August 2024 181,179 494,578 675,757
Net book value
At 31 August 2024 76,747 164,034 240,781
At 31 August 2023 106,960 172,192 279,152

5. STOCKS
31.8.24 31.8.23
£    £   
Finished goods 1,524,826 1,079,929

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 1,872,829 2,128,303
Other debtors 794,003 339,351
2,666,832 2,467,654

7. CURRENT ASSET INVESTMENTS
31.8.24 31.8.23
£    £   
Unlisted investments 861,150 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 81,298 -
Hire purchase contracts 30,558 30,820
Trade creditors 1,689,635 1,698,801
Amounts owed to group undertakings 1,268,472 198,851
Taxation and social security 291,173 133,815
Other creditors 1,206,152 861,004
4,567,288 2,923,291

BOOSTCHOICE LIMITED (REGISTERED NUMBER: 01915680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 16,190 46,959

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Hire purchase contracts 46,748 77,779

11. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax
Accelerated capital allowances 26,205 27,299

Deferred
tax
£   
Balance at 1 September 2023 27,299
Credit to Income Statement during year (1,094 )
Balance at 31 August 2024 26,205

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
33,000 A Ordinary £1.00 33,000 33,000
33,000 B Ordinary £1.00 33,000 33,000
66,000 66,000

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
Mr R D Walpole
Balance outstanding at start of year 107,196 -
Amounts advanced 352,204 107,196
Amounts repaid (274,903 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 184,497 107,196

BOOSTCHOICE LIMITED (REGISTERED NUMBER: 01915680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr Z R Walpole
Balance outstanding at start of year 6,737 -
Amounts advanced 4,986 6,737
Amounts repaid (7,062 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,661 6,737

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Parsley In Time Limited.