WILLIAM JAMES BOUGHEY LTD


Director	BOUGHEY, William


Registered Address	31-33 London Street
	Andover
	SP10 2NU


Registered Number	13675189 (England and Wales)

Statement of Financial Position
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		4,216		6,324
Tangible assets	4		157,469		162,912
			161,685		169,236
Current assets
Debtors		826		2,593
Cash at bank and on hand		4,199		7,625
		5,025		10,218
Creditors amounts falling due within one year	5	(118,161)		(159,382)
Net current assets (liabilities)			(113,136)		(149,164)
Total assets less current liabilities			48,549		20,072
Provisions for liabilities	6		-		(364)
Net assets			48,549		19,708
Capital and reserves
Called up share capital			1		1
Profit and loss account			48,548		19,707
Shareholders' funds			48,549		19,708

The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 12 June 2026, and are signed on its behalf by:

BOUGHEY, William
Director
Registered Company No. 13675189

WILLIAM JAMES BOUGHEY LTD

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents rental income receivable relating to the period and is recognised on an accruals basis.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. Amortisation is provided on all intangible assets at rates to write off the cost of each asset over its expected useful life as follows: Other intangible assets 5 years straight line

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Plant and machinery - 25 years straight line Office equipment - 20% reducing balance


	Reducing balance (%)	Straight line (years)
Plant and machinery	-	25
Office Equipment	20	-

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified. Amounts owed to W J Boughey at 31 October 2025 - £95,725

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		1

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 November 24	10,540	10,540
At 31 October 25	10,540	10,540
Amortisation and impairment
At 01 November 24	4,216	4,216
Charge for year	2,108	2,108
At 31 October 25	6,324	6,324
Net book value
At 31 October 25	4,216	4,216
At 31 October 24	6,324	6,324

4.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 November 24	181,867	1,000	182,867
Additions	2,000	-	2,000
At 31 October 25	183,867	1,000	184,867
Depreciation and impairment
At 01 November 24	19,495	460	19,955
Charge for year	7,308	135	7,443
At 31 October 25	26,803	595	27,398
Net book value
At 31 October 25	157,064	405	157,469
At 31 October 24	162,372	540	162,912

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	1,314	3,073
Taxation and social security	17,538	10,292
Other creditors	95,725	138,048
Accrued liabilities and deferred income	3,584	7,969
Total	118,161	159,382

6.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	-	364
Total	-	364