Boinclo Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10528065

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		20,840		24,763
Investments	5		86,583		86,583

			107,423		111,346
CURRENT ASSETS
Stocks	6	985,225		815,352
Debtors	7	47,883		103,330
Cash at bank and in hand		71,937		72,941

		1,105,045		991,623
Creditors: Amounts Falling Due Within One Year	8	(229,284 )		(208,813 )

NET CURRENT ASSETS (LIABILITIES)			875,761		782,810

TOTAL ASSETS LESS CURRENT LIABILITIES			983,184		894,156

NET ASSETS			983,184		894,156

CAPITAL AND RESERVES
Called up share capital	9		2		1
Profit and Loss Account			983,182		894,155

SHAREHOLDERS' FUNDS			983,184		894,156

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Boinclo Ltd.

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

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

Mr Michael Byrne

Director

22 September 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Boinclo Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 10528065 . The registered office is Tyttenhanger House Coursers Road, Colney Heath, St. Albans, AL4 0PG.

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. 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 sale of goods.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance
Computer Equipment	33% Straight Line

2.4. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slowmoving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 5)

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Boinclo Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2025	2,687	19,124	38,210	9,806	69,827
Additions	522	-	952	3,147	4,621
Disposals	-	-	-	(2,093 )	(2,093 )

As at 31 December 2025	3,209	19,124	39,162	10,860	72,355

Depreciation
As at 1 January 2025	1,644	11,056	23,806	8,558	45,064
Provided during the period	391	2,017	3,839	1,742	7,989
Disposals	-	-	-	(1,538 )	(1,538 )

As at 31 December 2025	2,035	13,073	27,645	8,762	51,515

Net Book Value
As at 31 December 2025	1,174	6,051	11,517	2,098	20,840

As at 1 January 2025	1,043	8,068	14,404	1,248	24,763

5. Investments

	Other
	£
Cost or Valuation
As at 1 January 2025	86,583

As at 31 December 2025	86,583

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	86,583

As at 1 January 2025	86,583

All investments are carried at fair value determined annually and derived from the current market value of comparable assets. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

6. Stocks

	2025	2024
	£	£
Stock	985,225	815,352

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Boinclo Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	14,686	53,232
Amounts owed by group undertakings	10,000	17,061
Other debtors	23,197	23,363

	47,883	93,656
Due after more than one year
Other debtors	-	9,674

	47,883	103,330

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	17,936	19,017
Bank loans and overdrafts	1,462	3,776
Corporation tax	54,294	53,952
VAT	43,568	14,370
Amex gold	65,960	54,283
Amex BA	11,751	35,260
Capital on Tap	19,960	18,204
Gift cards balance	10,573	9,823
Pension contribution liability	136	128
Accruals and deferred income	3,644	-

	229,284	208,813

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	1

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2025
	£	£	£	£	£
Mr Michael Byrne	28,321	1,602	-	-	29,923

The above loan is unsecured, subject to interest at the beneficial interest rate and repayable on demand. This loan was repaid within nine months after the year end.

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