Boss Wheels Limited
Statement of financial position
as at 31 December 2024
Tangible assets
24,330
27,263
Cash at bank and in hand
14,662
28,127
Creditors: amounts falling due within one year
(80,385)
(71,312)
Net current assets
44,508
41,546
Total assets less current liabilities
68,838
68,809
Creditors: amounts falling due after more than one year
(13,914)
(23,845)
Provisions for liabilities
Called up share capital
3
3
Profit and loss account
54,252
44,174
Shareholders' funds
54,255
44,177
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2025 and were signed on its behalf by
S Bloch
Director
Company Registration No. 04626440
Boss Wheels Limited
Notes to the Accounts
for the year ended 31 December 2024
Boss Wheels Limited is a private company, limited by shares, registered in England and Wales, registration number 04626440. The registered office is The Corner House, 4 Beaumont Road, Church Stretton, Shropshire, SY6 6BN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% per annum reducing balancd
Fixtures & fittings
15% per annum reducing balance
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2024
63,526
9,340
72,866
At 31 December 2024
63,526
9,340
72,866
At 1 January 2024
40,408
5,195
45,603
Charge for the year
2,312
621
2,933
At 31 December 2024
42,720
5,816
48,536
At 31 December 2024
20,806
3,524
24,330
At 31 December 2023
23,118
4,145
27,263
Amounts falling due within one year
Amounts due from group undertakings etc.
72,065
79,565
Boss Wheels Limited
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,360
9,360
Taxes and social security
9,620
6,591
Other creditors
12,000
12,000
Loans from directors
5,347
29,421
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
Loans were made and repaid to Boss Motorcompany Ltd, a company in which Mr Bloch is a director. Owed at the year end £72065 (2023: £78995).
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).