Boundtrace Limited 03612232 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of consultancy. Digita Accounts Production Advanced 6.30.9574.0 true 03612232 2023-10-01 2024-09-30 03612232 2024-09-30 03612232 core:RetainedEarningsAccumulatedLosses 2024-09-30 03612232 core:ShareCapital 2024-09-30 03612232 core:CurrentFinancialInstruments 2024-09-30 03612232 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 03612232 core:OfficeEquipment 2024-09-30 03612232 bus:SmallEntities 2023-10-01 2024-09-30 03612232 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 03612232 bus:FilletedAccounts 2023-10-01 2024-09-30 03612232 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03612232 bus:RegisteredOffice 2023-10-01 2024-09-30 03612232 bus:Director1 2023-10-01 2024-09-30 03612232 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03612232 core:ComputerEquipment 2023-10-01 2024-09-30 03612232 core:OfficeEquipment 2023-10-01 2024-09-30 03612232 countries:EnglandWales 2023-10-01 2024-09-30 03612232 2023-09-30 03612232 core:OfficeEquipment 2023-09-30 03612232 2022-10-01 2023-09-30 03612232 2023-09-30 03612232 core:RetainedEarningsAccumulatedLosses 2023-09-30 03612232 core:ShareCapital 2023-09-30 03612232 core:CurrentFinancialInstruments 2023-09-30 03612232 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 03612232 core:OfficeEquipment 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 03612232

Boundtrace Limited

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 30 September 2024

 

Boundtrace Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Boundtrace Limited

(Registration number: 03612232)
Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

479

88

Current assets

 

Debtors

5

80,000

6,243

Cash at bank and in hand

 

18,723

11,788

 

98,723

18,031

Creditors: Amounts falling due within one year

6

(19,977)

(1,362)

Net current assets

 

78,746

16,669

Total assets less current liabilities

 

79,225

16,757

Provisions for liabilities

(120)

-

Net assets

 

79,105

16,757

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

79,103

16,755

Shareholders' funds

 

79,105

16,757

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 19 June 2025 and signed on its behalf by:
 

.........................................
B J Barrass
Director

 

Boundtrace Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: 4 Alderney Avenue, Hounslow, TW5 0QL.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Boundtrace Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Boundtrace Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 October 2023

374

374

Additions

550

550

At 30 September 2024

924

924

Depreciation

At 1 October 2023

286

286

Charge for the year

159

159

At 30 September 2024

445

445

Carrying amount

At 30 September 2024

479

479

At 30 September 2023

88

88

5

Debtors

2024
£

2023
£

Other debtors

-

2,984

Accrued income

80,000

3,259

80,000

6,243

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

1,314

-

Taxation and social security

17,279

-

Accruals and deferred income

1,380

1,361

Other creditors

4

1

19,977

1,362