Boundless Payroll UK Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 12315458

		2024		2023 as restated
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	838,965		672
Cash at bank and in hand		168,406		1,207,160

		1,007,371		1,207,832
Creditors: Amounts Falling Due Within One Year	5	(1,228,258 )		(1,458,690 )

NET CURRENT ASSETS (LIABILITIES)			(220,887 )		(250,858 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(220,887 )		(250,858 )

NET LIABILITIES			(220,887 )		(250,858 )

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			(220,987 )		(250,958 )

SHAREHOLDERS' FUNDS			(220,887)		(250,858)

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Deirdre Coakley

Director

29th September 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Boundless Payroll UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12315458 . The registered office is Unit 326 Canalot Studios, 222 Kensal Rd, London, W10 5BN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The directors continue to monitor the implications of this for the company, and having reviewed the information currently available, the directors consider that the adoption of the going concern basis in preparing these financial statements is appropriate. In the event of any shortfall, the directors have agreed to input funds to cover that shortfall.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

2.4. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.5. Prior Year Reallocation

In the signed 2023 financial statements, revenue and cost of sales were each overstated by £83,529 due to incorrect allocations during the accounts preparation process. The comparative figures have been restated to correct this misstatement. The restatement has no impact on gross profit, net profit, or total equity. This adjustment has been made to ensure compliance with applicable accounting standards.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 246 (2023: 167)

4. Debtors

	2024	2023 as restated
	£	£
Due within one year
Other debtors	838,965	672

5. Creditors: Amounts Falling Due Within One Year

	2024	2023 as restated
	£	£
Trade creditors	20,417	90,880
Other creditors	175,907	207,821
Taxation and social security	1,031,934	1,159,989

	1,228,258	1,458,690

6. Share Capital

	2024	2023 as restated
	£	£
Allotted, Called up and fully paid	100	100

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Boundless Payroll UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Related Party Transactions

The company's ultimate controlling party is Boundless Technologies Limited by virtue of their ownership of 100% of the issued share capital in the company. This company is based in Ireland.

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