REGISTERED NUMBER: 02644284 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BOE PUBLISHING LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Marden

A D J Mowatt

P Goldstone

SECRETARY:

C J Marden

REGISTERED OFFICE:

Chart House

2 Effingham Road

Reigate

Surrey

RH2 7JN

REGISTERED NUMBER:

02644284 (England and Wales)

ACCOUNTANTS:

John Williams & Co Limited

Chartered Certified Accountants

Chart House

2 Effingham Road

Reigate

Surrey

RH2 7JN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

23,822

26,454

Investments

6

-

200

23,822

26,654

CURRENT ASSETS

Stocks

7,380

22,555

Debtors

7

1,124,236

1,139,316

Cash at bank and in hand

337,792

129,160

1,469,408

1,291,031

CREDITORS

Amounts falling due within one year

8

2,494,790

2,472,000

NET CURRENT LIABILITIES

(1,025,382

)

(1,180,969

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,001,560

)

(1,154,315

)

CREDITORS

Amounts falling due after more than one year

9

(4,640

)

(14,806

)

PROVISIONS FOR LIABILITIES

11

(2,722

)

(2,864

)

NET LIABILITIES

(1,008,922

)

(1,171,985

)

CAPITAL AND RESERVES

Called up share capital

12

2

2

Retained earnings

(1,008,924

)

(1,171,987

)

SHAREHOLDERS' FUNDS

(1,008,922

)

(1,171,985

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

A D J Mowatt - Director

1.	STATUTORY INFORMATION

BOE Publishing Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis. The directors have assessed the organisation’s financial position and future cash flow forecasts and are satisfied that the entity has adequate resources to continue in operational existence for the foreseeable future.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

at variable rates on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

100,001

AMORTISATION

At 1 January 2024

and 31 December 2024

100,001

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

67,114

1,960

32,631

101,705

Additions

-

-

3,355

3,355

Disposals

-

-

(5,171

)

(5,171

)

At 31 December 2024

67,114

1,960

30,815

99,889

DEPRECIATION

At 1 January 2024

47,318

1,124

26,809

75,251

Charge for year

2,969

125

2,783

5,877

Eliminated on disposal

-

-

(5,061

)

(5,061

)

At 31 December 2024

50,287

1,249

24,531

76,067

NET BOOK VALUE

At 31 December 2024

16,827

711

6,284

23,822

At 31 December 2023

19,796

836

5,822

26,454

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

200

Disposals

(200

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

200

The company disposed of its investment in Adroit Legal Services Limited during the year.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

33,652

12,436

Amounts owed by group undertakings

1,081,249

1,080,563

Other debtors

-

12,500

Prepayments and accrued income

9,335

33,817

1,124,236

1,139,316

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,140

10,140

Trade creditors

18,368

6,942

Amounts owed to group undertakings

1,281,699

1,282,042

Tax

19,241

11

Social security and other taxes

3,669

4,933

VAT

10,484

6,001

Other creditors

1,119,793

1,120,683

Directors' current accounts

-

1,243

Accruals and deferred income

31,396

40,005

2,494,790

2,472,000

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

4,640

10,397

Bank loans - 2-5 years

-

4,409

4,640

14,806

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

22,618

22,618

Between one and five years

49,006

71,625

71,624

94,243

11.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

2,722

2,864

Deferred

tax

£

Balance at 1 January 2024

2,864

Accelerated capital allowances

(142

)

Balance at 31 December 2024

2,722

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

13.	RELATED PARTY DISCLOSURES

The following Related Party balances were oustanding as at the year end:

2024

2023

£

£

Amounts owed by group undertakings

Asyst Group limited

1,076,324

1,075,981

Asyst Holdings Limited

4,925

4,582

Amounts owed to group undertakings

Asyst Ltd

1,281,699

1,282,042

Loan from company under common control

Keystone (Legal Benefits) Ltd

700,000

700,000

14.	ULTIMATE CONTROLLING PARTY

The company is under the control of Mr A D J Mowatt, a director of the company.

15.	ULTIMATE PARENT COMPANY

The ultimate parent company is Asyst Holdings Limited who's registered office is Chart House 2 Effingham Road Reigate Surrey, RH2 7JN.