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Company registration number: SC441785
Bolt Base Ltd
Unaudited filleted financial statements
31 March 2025
Bolt Base Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Bolt Base Ltd
Directors and other information
Directors Mrs Ann-Marie Sim
Mr Ian Sim
Company number SC441785
Registered office Unit 6a Trade Centre
Bruce Street
Alloa
Scotland
FK10 1RX
Accountant Arm in Arm Accounting Limited
Alloa Business Centre
The Whins
Alloa
Scotland
FK10 3SA
Bolt Base Ltd
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Intangible assets 5 - 3,932
Tangible assets 6 20,471 18,154
_______ _______
20,471 22,086
Current assets
Stocks 50,000 50,000
Debtors 269,003 405,545
Cash at bank and in hand 3 1,025
_______ _______
319,006 456,570
Creditors: amounts falling due
within one year 7 ( 300,576) ( 307,405)
_______ _______
Net current assets 18,430 149,165
_______ _______
Total assets less current liabilities 38,901 171,251
Creditors: amounts falling due
after more than one year 8 ( 201,601) ( 215,424)
_______ _______
Net liabilities ( 162,700) ( 44,173)
_______ _______
Capital and reserves
Called up share capital 4 4
Profit and loss account ( 162,704) ( 44,177)
_______ _______
Shareholders deficit ( 162,700) ( 44,173)
_______ _______
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 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 income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 August 2025 , and are signed on behalf of the board by:
Mrs Ann-Marie Sim
Director
Company registration number: SC441785
Bolt Base Ltd
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Unit 6a Trade Centre, Bruce Street, Alloa, Scotland, FK10 1RX.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' 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.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks and work in progress are measured at the lower of cost and net realisable value, after making due allowances for obsolete or slow moving items.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2024: 6 ).
5. Intangible assets
Goodwill Computer Software Total
£ £ £
Cost
At 1 April 2024 and 31 March 2025 30,000 15,469 45,469
_______ _______ _______
Amortisation
At 1 April 2024 30,000 11,537 41,537
Charge for the year - 3,932 3,932
_______ _______ _______
At 31 March 2025 30,000 15,469 45,469
_______ _______ _______
Carrying amount
At 31 March 2025 - - -
_______ _______ _______
At 31 March 2024 - 3,932 3,932
_______ _______ _______
6. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Computer Equipment Total
£ £ £ £ £
Cost
At 1 April 2024 6,582 12,280 24,249 10,070 53,181
Additions - - 19,701 - 19,701
_______ _______ _______ _______ _______
At 31 March 2025 6,582 12,280 43,950 10,070 72,882
_______ _______ _______ _______ _______
Depreciation
At 1 April 2024 3,291 9,362 13,932 8,442 35,027
Charge for the year 1,645 730 14,070 939 17,384
_______ _______ _______ _______ _______
At 31 March 2025 4,936 10,092 28,002 9,381 52,411
_______ _______ _______ _______ _______
Carrying amount
At 31 March 2025 1,646 2,188 15,948 689 20,471
_______ _______ _______ _______ _______
At 31 March 2024 3,291 2,918 10,317 1,628 18,154
_______ _______ _______ _______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 45,848 41,466
Trade creditors 73,686 42,588
Corporation tax 64,509 122,469
Social security and other taxes 115,233 81,703
Other creditors 1,300 19,179
_______ _______
300,576 307,405
_______ _______
8. Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans and overdrafts 191,714 210,843
Other creditors 9,887 4,581
_______ _______
201,601 215,424
_______ _______
9. Directors advances, credits and guarantees
During the year, £162,900 (2024: £280,347) was advanced to the directors. There is no interest charged on these advances.
10. Going Concern
The business closed the year with negative assets of £162,700. The Directors have reviewed the trading results post year end and the current financial projections for the business and confirm the going concern assumption is appropriate.