Company registration number 01162103 (England and Wales)
THE BOURNEMOUTH ENGLISH BOOK CENTRE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
THE BOURNEMOUTH ENGLISH BOOK CENTRE LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
THE BOURNEMOUTH ENGLISH BOOK CENTRE LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr J H Walsh
Mrs A E Walsh
Secretary
Mrs A E Walsh
Company number
01162103
Registered office
Unit 4 Albion Close
Parkstone
Poole
Dorset
BH12 3LL
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
THE BOURNEMOUTH ENGLISH BOOK CENTRE LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
102,858
87,174
Current assets
Stocks
817,076
858,940
Debtors
5
319,592
312,488
Cash at bank and in hand
823,419
770,769
1,960,087
1,942,197
Creditors: amounts falling due within one year
6
(469,379)
(460,128)
Net current assets
1,490,708
1,482,069
Total assets less current liabilities
1,593,566
1,569,243
Provisions for liabilities
(16,684)
(21,794)
Net assets
1,576,882
1,547,449
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
1,575,882
1,546,449
Total equity
1,576,882
1,547,449
THE BOURNEMOUTH ENGLISH BOOK CENTRE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 3 -

For the financial year ended 31 March 2025 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 June 2025 and are signed on its behalf by:
Mr J H Walsh
Director
Company registration number 01162103 (England and Wales)
THE BOURNEMOUTH ENGLISH BOOK CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

The Bournemouth English Book Centre Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 4 Albion Close, Parkstone, Poole, Dorset, BH12 3LL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The Financial Statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

The turnover shown in the profit and loss account represents amounts receivable during the year, exclusive of Value Added Tax, in connection with the company's trade.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
20% straight line
Fixtures and fittings
20% straight line
Motor vehicles
25% straight line

Included in fixtures and fittings is IT hardware depreciated at 33% straight line.

Included in motor vehicles is a car depreciated at 20% straight line.

 

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

THE BOURNEMOUTH ENGLISH BOOK CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.4
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.

1.5
Stocks

Stock is measured at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. The cost is determined on a first in first out basis.

 

Consignment stock

The company holds stock on consignment from the supplier. These remain the property of the supplier until a sale is recognised by this company. No amounts for the stock or the liability to the supplier are recognised in the financial statements until the stocks are acquired by this company for resale.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

THE BOURNEMOUTH ENGLISH BOOK CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
6
THE BOURNEMOUTH ENGLISH BOOK CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
3
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
78,115
22,763
Deferred tax
Origination and reversal of timing differences
(5,110)
20,794
Total tax charge
73,005
43,557
4
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024
43,494
253,483
109,794
406,771
Additions
-
0
2,296
44,050
46,346
Disposals
-
0
(7,713)
-
0
(7,713)
At 31 March 2025
43,494
248,066
153,844
445,404
Depreciation and impairment
At 1 April 2024
43,494
251,078
25,025
319,597
Depreciation charged in the year
-
0
1,328
28,366
29,694
Eliminated in respect of disposals
-
0
(6,745)
-
0
(6,745)
At 31 March 2025
43,494
245,661
53,391
342,546
Carrying amount
At 31 March 2025
-
0
2,405
100,453
102,858
At 31 March 2024
-
0
2,405
84,769
87,174
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
193,879
190,853
Other debtors
125,713
121,635
319,592
312,488
THE BOURNEMOUTH ENGLISH BOOK CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
380,801
418,259
Taxation and social security
78,115
29,069
Other creditors
10,463
12,800
469,379
460,128
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
144,453
204,695
8
Directors' transactions

As at the year end £15,151 (2024: £26,179) was owing to the company from the directors. Interest was charged on the loan.

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