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
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Directors |
Mrs Ann-Marie Sim |
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Mr Ian Sim |
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Company number |
SC441785 |
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Registered office |
Unit 6a Trade Centre |
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Bruce Street |
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Alloa |
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Scotland |
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FK10 1RX |
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Accountant |
Arm in Arm Accounting Limited |
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Alloa Business Centre |
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The Whins |
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Alloa |
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Scotland |
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FK10 3SA |
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Bolt Base Ltd
Statement of financial position
31 March 2025
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2025 |
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2024 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Intangible assets |
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5 |
- |
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3,932 |
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Tangible assets |
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6 |
20,471 |
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18,154 |
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_______ |
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_______ |
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20,471 |
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22,086 |
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Current assets |
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Stocks |
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50,000 |
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50,000 |
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Debtors |
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269,003 |
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405,545 |
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Cash at bank and in hand |
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3 |
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1,025 |
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_______ |
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_______ |
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319,006 |
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456,570 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
300,576) |
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(
307,405) |
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_______ |
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_______ |
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Net current assets |
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18,430 |
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149,165 |
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_______ |
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_______ |
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Total assets less current liabilities |
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38,901 |
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171,251 |
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Creditors: amounts falling due |
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after more than one year |
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8 |
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(
201,601) |
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(
215,424) |
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_______ |
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_______ |
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Net liabilities |
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(
162,700) |
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(
44,173) |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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4 |
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4 |
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Profit and loss account |
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(
162,704) |
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(
44,177) |
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_______ |
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_______ |
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Shareholders deficit |
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(
162,700) |
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(
44,173) |
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_______ |
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_______ |
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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:
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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;
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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
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Goodwill |
Computer Software |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 April 2024 and 31 March 2025 |
30,000 |
15,469 |
45,469 |
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_______ |
_______ |
_______ |
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Amortisation |
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At 1 April 2024 |
30,000 |
11,537 |
41,537 |
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Charge for the year |
- |
3,932 |
3,932 |
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_______ |
_______ |
_______ |
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At 31 March 2025 |
30,000 |
15,469 |
45,469 |
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_______ |
_______ |
_______ |
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Carrying amount |
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At 31 March 2025 |
- |
- |
- |
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_______ |
_______ |
_______ |
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At 31 March 2024 |
- |
3,932 |
3,932 |
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_______ |
_______ |
_______ |
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6.
Tangible assets
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Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Computer Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 April 2024 |
6,582 |
12,280 |
24,249 |
10,070 |
53,181 |
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Additions |
- |
- |
19,701 |
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19,701 |
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_______ |
_______ |
_______ |
_______ |
_______ |
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At 31 March 2025 |
6,582 |
12,280 |
43,950 |
10,070 |
72,882 |
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_______ |
_______ |
_______ |
_______ |
_______ |
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Depreciation |
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At 1 April 2024 |
3,291 |
9,362 |
13,932 |
8,442 |
35,027 |
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Charge for the year |
1,645 |
730 |
14,070 |
939 |
17,384 |
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_______ |
_______ |
_______ |
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_______ |
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At 31 March 2025 |
4,936 |
10,092 |
28,002 |
9,381 |
52,411 |
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_______ |
_______ |
_______ |
_______ |
_______ |
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Carrying amount |
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At 31 March 2025 |
1,646 |
2,188 |
15,948 |
689 |
20,471 |
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_______ |
_______ |
_______ |
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At 31 March 2024 |
3,291 |
2,918 |
10,317 |
1,628 |
18,154 |
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_______ |
_______ |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
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2025 |
2024 |
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£ |
£ |
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Bank loans and overdrafts |
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45,848 |
41,466 |
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Trade creditors |
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73,686 |
42,588 |
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Corporation tax |
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64,509 |
122,469 |
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Social security and other taxes |
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115,233 |
81,703 |
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Other creditors |
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1,300 |
19,179 |
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_______ |
_______ |
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300,576 |
307,405 |
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_______ |
_______ |
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8.
Creditors: amounts falling due after more than one year
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2025 |
2024 |
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£ |
£ |
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Bank loans and overdrafts |
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191,714 |
210,843 |
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Other creditors |
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9,887 |
4,581 |
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_______ |
_______ |
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201,601 |
215,424 |
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_______ |
_______ |
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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.