Boshers Ltd - Accounts to registrar (filleted) - small 18.2

Boshers Ltd - Accounts to registrar (filleted) - small 18.2

BOSHERS LTD - Company Information

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REGISTERED NUMBER: 02946794 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

BOSHERS LTD
BOSHERS LTD (REGISTERED NUMBER: 02946794)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019










Page

Balance Sheet 1

Notes to the Financial Statements 3


BOSHERS LTD (REGISTERED NUMBER: 02946794)

BALANCE SHEET
31 MARCH 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 37,098 57,858
Tangible assets 5 304,632 311,602
341,730 369,460

CURRENT ASSETS
Debtors 6 22,165 21,275
Cash at bank and in hand 167,019 188,377
189,184 209,652
CREDITORS
Amounts falling due within one year 7 61,408 90,010
NET CURRENT ASSETS 127,776 119,642
TOTAL ASSETS LESS CURRENT
LIABILITIES
469,506
489,102

CREDITORS
Amounts falling due after more than one
year
8
-
(17,989
)

PROVISIONS FOR LIABILITIES (6,188 ) (7,383 )
NET ASSETS 463,318 463,730

CAPITAL AND RESERVES
Called up share capital 350 350
Retained earnings 462,968 463,380
SHAREHOLDERS' FUNDS 463,318 463,730

The notes on pages 3 to 6 form part of these financial statements

Page 1 continued...
BOSHERS LTD (REGISTERED NUMBER: 02946794)

BALANCE SHEET - continued
31 MARCH 2019


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 24 April 2019 and were signed on its
behalf by:





Mr C Bosher - Director


The notes on pages 3 to 6 form part of these financial statements

Page 2
BOSHERS LTD (REGISTERED NUMBER: 02946794)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019


1. STATUTORY INFORMATION

Boshers Ltd is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address are as below:

Registered number: 02946794

Registered office: 14 Habat Enterprise Park
Clovelly Road Ind Estate
BIDEFORD
Devon
EX39 3HN

2. 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
The turnover shown in the profit and loss account represents commissions and fees receivable.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of
work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term
contracts and contracts for on-going services is recognised by reference to the stage of completion.

Goodwill
Amortisation is calculated so as to write off the cost of asset over the useful economic life of that
asset.

Goodwill has been written-off over 20 years with a remaining useful economic life of less than five
years.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 20% on reducing balance, 10% on reducing balance and 5% on cost

The directors consider that the residual values of freehold land and buildings are equal to or greater
than their carrying value. As such, any depreciation charge, whether cumulative or annual, would be
immaterial to these accounts.

Operating leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period
of the lease.

Page 3 continued...
BOSHERS LTD (REGISTERED NUMBER: 02946794)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


2. ACCOUNTING POLICIES - continued

Pension costs
The company operates a defined contribution pension scheme. The assets of the company scheme are
held separately from those of the company. Contributions payable to the company's pension scheme
are charged to profit or loss in the period to which they relate.

Deferred taxation
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2018 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2018
and 31 March 2019 415,000
AMORTISATION
At 1 April 2018 357,142
Charge for year 20,760
At 31 March 2019 377,902
NET BOOK VALUE
At 31 March 2019 37,098
At 31 March 2018 57,858

Page 4 continued...
BOSHERS LTD (REGISTERED NUMBER: 02946794)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2018
and 31 March 2019 268,763 183,808 452,571
DEPRECIATION
At 1 April 2018 - 140,969 140,969
Charge for year - 6,970 6,970
At 31 March 2019 - 147,939 147,939
NET BOOK VALUE
At 31 March 2019 268,763 35,869 304,632
At 31 March 2018 268,763 42,839 311,602

The directors have not undertaken a revaluation policy on freehold property which continues to be
stated at historical cost.

6. DEBTORS
2019 2018
£    £   
Trade debtors 16,311 15,602
Other debtors 5,854 5,673
22,165 21,275

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans - 12,000
Trade creditors 2,364 15,183
Taxation and social security 46,598 50,581
Other creditors 12,446 12,246
61,408 90,010

Page 5 continued...
BOSHERS LTD (REGISTERED NUMBER: 02946794)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2019 2018
£    £   
Bank loans - 17,989

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C Bosher.

Page 6