Boston Tractors Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00447639 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

BOSTON TRACTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B L Dobbs

Mrs P Dobbs

J A Dobbs

Mrs J M L Dobbs

SECRETARY:

Mrs J M L Dobbs

REGISTERED OFFICE:

Ball Hall

Wargate Way

Gosberton

Spalding

Lincolnshire

PE11 4HE

REGISTERED NUMBER:

00447639 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Tangible assets

4

2,292

3,057

Investment property

5

1,243,977

1,233,939

1,246,269

1,236,996

CURRENT ASSETS

Debtors

6

27,253

22,208

Cash at bank

250,907

255,046

278,160

277,254

CREDITORS

Amounts falling due within one year

7

62,170

55,001

NET CURRENT ASSETS

215,990

222,253

TOTAL ASSETS LESS CURRENT LIABILITIES

1,462,259

1,459,249

CREDITORS

Amounts falling due after more than one year

8

(5,000

)

(5,000

)

PROVISIONS FOR LIABILITIES

(1,650

)

-

NET ASSETS

1,455,609

1,454,249

CAPITAL AND RESERVES

Called up share capital

25,000

25,000

Revaluation reserve

163,848

163,848

Retained earnings

1,266,761

1,265,401

SHAREHOLDERS' FUNDS

1,455,609

1,454,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 July 2019 and were signed on its behalf by:

B L Dobbs - Director

1.	STATUTORY INFORMATION

Boston Tractors Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

The directors believe that the company is well placed to manage its financial risks successfully and have

reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable

future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual

financial statements.

Turnover

Turnover represents rents receivable and expenditure recharged.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 December 2017

and 30 November 2018

15,260

4,763

13,154

33,177

DEPRECIATION

At 1 December 2017

15,076

2,489

12,555

30,120

Charge for year

46

569

150

765

At 30 November 2018

15,122

3,058

12,705

30,885

NET BOOK VALUE

At 30 November 2018

138

1,705

449

2,292

At 30 November 2017

184

2,274

599

3,057

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2017

1,233,939

Additions

10,038

At 30 November 2018

1,243,977

NET BOOK VALUE

At 30 November 2018

1,243,977

At 30 November 2017

1,233,939

Cost or valuation at 30 November 2018 is represented by:

£

Valuation in 2018

1,243,977

If investment property had not been revalued it would have been included at the following depreciated historical

cost:

30.11.18

30.11.17

£

£

Cost

1,080,129

1,070,090

Investment property was valued on an open market basis on 30 November 2018 by the directors.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Trade debtors

23,244

18,192

Other debtors

4,009

4,016

27,253

22,208

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Trade creditors

153

989

Taxation and social security

3,563

5,555

Other creditors

58,454

48,457

62,170

55,001

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.18

30.11.17

£

£

Other creditors

5,000

5,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Preference shares

5,000

5,000