2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 33,796 18,595 1,689 20,284 13,512 15,201 3,919 2,690 123 2,813 1,106 1,229 xbrli:pure xbrli:shares iso4217:GBP 08323279 2024-04-01 2025-03-31 08323279 2025-03-31 08323279 2024-03-31 08323279 2023-04-01 2024-03-31 08323279 2024-03-31 08323279 2023-03-31 08323279 bus:Director1 2024-04-01 2025-03-31 08323279 core:WithinOneYear 2025-03-31 08323279 core:WithinOneYear 2024-03-31 08323279 core:NetGoodwill 2024-03-31 08323279 core:NetGoodwill 2025-03-31 08323279 core:ShareCapital 2025-03-31 08323279 core:ShareCapital 2024-03-31 08323279 core:RetainedEarningsAccumulatedLosses 2025-03-31 08323279 core:RetainedEarningsAccumulatedLosses 2024-03-31 08323279 core:NetGoodwill 2024-04-01 2025-03-31 08323279 core:NetGoodwill 2024-03-31 08323279 bus:Director1 2023-03-31 08323279 bus:Director1 2023-04-01 2024-03-31 08323279 bus:SmallEntities 2024-04-01 2025-03-31 08323279 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08323279 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08323279 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08323279 bus:FullAccounts 2024-04-01 2025-03-31 08323279 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 08323279 core:FurnitureFittingsToolsEquipment 2025-03-31 08323279 core:FurnitureFittingsToolsEquipment 2024-03-31
COMPANY REGISTRATION NUMBER: 08323279
BOSWELL STORES LIMITED
Filleted Unaudited Financial Statements
31 March 2025
BOSWELL STORES LIMITED
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Intangible assets
5
13,512
15,201
Tangible assets
6
1,106
1,229
--------
--------
14,618
16,430
Current assets
Stocks
19,643
17,241
Cash at bank and in hand
21,257
13,672
--------
--------
40,900
30,913
Creditors: amounts falling due within one year
7
13,474
13,484
--------
--------
Net current assets
27,426
17,429
--------
--------
Total assets less current liabilities
42,044
33,859
--------
--------
Net assets
42,044
33,859
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
41,944
33,759
--------
--------
Shareholders funds
42,044
33,859
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 July 2025 , and are signed on behalf of the board by:
A Hussain
Director
BOSWELL STORES LIMITED
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 31Vicarage Close, Northolt, Middlesex, UB5 5AD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
over 20 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & equipment
-
10% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
33,796
--------
Amortisation
At 1 April 2024
18,595
Charge for the year
1,689
--------
At 31 March 2025
20,284
--------
Carrying amount
At 31 March 2025
13,512
--------
At 31 March 2024
15,201
--------
6. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2024 and 31 March 2025
3,919
3,919
-------
-------
Depreciation
At 1 April 2024
2,690
2,690
Charge for the year
123
123
-------
-------
At 31 March 2025
2,813
2,813
-------
-------
Carrying amount
At 31 March 2025
1,106
1,106
-------
-------
At 31 March 2024
1,229
1,229
-------
-------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Accruals and deferred income
1,784
1,734
Corporation tax
1,949
2,302
Social security and other taxes
566
686
Jasy Stores Limited
9,175
8,762
--------
--------
13,474
13,484
--------
--------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2025
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
A Hussain
----
----
----
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
A Hussain
( 14,005)
14,005
--------
--------
----