REGISTERED NUMBER: 05474467 (England and Wales)

BYCROFTS OF BOSTON LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Greenfield

N Lote

SECRETARY:

N Lote

REGISTERED OFFICE:

7 Dolphin Lane

Boston

Lincolnshire

PE21 6EU

REGISTERED NUMBER:

05474467 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

The Old Vicarage

Church Close

Boston

Lincolnshire

PE21 6NA

FIXED ASSETS

Intangible assets

3

3,312

3,972

Tangible assets

4

26,178

31,587

29,490

35,559

CURRENT ASSETS

Stocks

8,850

7,350

Debtors

54,641

48,735

Cash at bank and in hand

68,040

44,029

131,531

100,114

CREDITORS

Amounts falling due within one year

88,725

52,008

NET CURRENT ASSETS

42,806

48,106

TOTAL ASSETS LESS CURRENT LIABILITIES

72,296

83,665

CREDITORS

Amounts falling due after more than one year

-

(785

)

PROVISIONS FOR LIABILITIES

(6,035

)

(6,941

)

NET ASSETS

66,261

75,939

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

66,259

75,937

SHAREHOLDERS' FUNDS

66,261

75,939

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 August 2025 and were signed on its behalf by:

N Lote - Director

1.	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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents takings and is recognised at the point of sale with the exception of trade accounts which are recognised when invoiced. Turnover is stated net of VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

15% on reducing balance

Stocks

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

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 13 ) .

3.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2024

and 30 June 2025

16,512

AMORTISATION

At 1 July 2024

12,540

Amortisation for year

660

At 30 June 2025

13,200

NET BOOK VALUE

At 30 June 2025

3,312

At 30 June 2024

3,972

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2024

and 30 June 2025

134,971

DEPRECIATION

At 1 July 2024

103,384

Charge for year

5,409

At 30 June 2025

108,793

NET BOOK VALUE

At 30 June 2025

26,178

At 30 June 2024

31,587

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 July 2024

and 30 June 2025

9,420

DEPRECIATION

At 1 July 2024

1,413

Charge for year

1,201

At 30 June 2025

2,614

NET BOOK VALUE

At 30 June 2025

6,806

At 30 June 2024

8,007

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2025 and 30 June 2024:

2025

2024

£

£

N Lote

Balance outstanding at start of year

20,964

21,531

Amounts advanced

51,899

42,433

Amounts repaid

(49,000

)

(43,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

23,863

20,964

J Greenfield

Balance outstanding at start of year

19,619

20,285

Amounts advanced

51,742

42,334

Amounts repaid

(49,000

)

(43,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

22,361

19,619

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.