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Registered Number: 03271328
England and Wales

 

 

 


Abridged Accounts


for the year ended 31 October 2024

for

BOSWELL & SON LIMITED

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 330,320    360,668 
330,320    360,668 
Current assets      
Stocks 13,116    13,227 
Debtors 194,446    183,472 
Cash at bank and in hand 423,266    301,316 
630,828    498,015 
Creditors: amount falling due within one year (345,885)   (297,821)
Net current assets 284,943    200,194 
 
Total assets less current liabilities 615,263    560,862 
Creditors: amount falling due after more than one year (5,833)   (15,833)
Provisions for liabilities (23,346)   (29,067)
Net assets 586,084    515,962 
 

Capital and reserves
     
Called up share capital 5 600    600 
Profit and loss account 585,484    515,362 
Shareholders' funds 586,084    515,962 
 


For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 17 June 2025 and were signed on its behalf by:


-------------------------------
Robert BOSWELL
Director
1
General Information
Boswell & Son Limited is a private company, limited by shares, registered in England and Wales, registration number 03271328, registration address 67 High Street, Sawston, Cambridge, CB22 3BG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises shop takings and amounts invoiced during the year, net of Value Added Tax.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Finance lease and hire purchase charges
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 3 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings 2% SL
Plant and machinery etc 25% RB
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. 
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 50 (2023 : 54).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 November 2023 106,250    106,250 
Additions  
Disposals  
At 31 October 2024 106,250    106,250 
Amortisation
At 01 November 2023 106,250    106,250 
Charge for year  
On disposals  
At 31 October 2024 106,250    106,250 
Net book values
At 31 October 2024  
At 31 October 2023  


4.

Tangible fixed assets

Cost or valuation Land and buildings   Plant and machinery etc   Total
  £   £   £
At 01 November 2023 373,245    341,740    714,985 
Additions   9,008    9,008 
Disposals   (11,075)   (11,075)
At 31 October 2024 373,245    339,673    712,918 
Depreciation
At 01 November 2023 128,849    225,468    354,317 
Charge for year 7,465    31,138    38,603 
On disposals   (10,322)   (10,322)
At 31 October 2024 136,314    246,284    382,598 
Net book values
Closing balance as at 31 October 2024 236,931    93,389    330,320 
Opening balance as at 01 November 2023 244,396    116,272    360,668 


5.

Share Capital

Authorised
500 Ordinary shares of £1.00 each
100 Ordinary B shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
500 Ordinary shares of £1.00 each 500    500 
100 Ordinary B shares of £1.00 each 100    100 
600    600 

6.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£
 2023
£
 2024
£
 2023
£
Philip Boswell Limited(20,000)(20,000)(207,780)(187,780)

The company is controlled by the same party as Philip Boswell Limited (PBL). During the year the company occupied premises owned by PBL for which the company was charged £20,000 for rent and property maintenance (2023: £20,000).
2