Boffix Ltd - Accounts

Boffix Ltd - Accounts

BOFFIX LTD - Company Information

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Registered Number: 09378812
England and Wales

 

 

 

BOFFIX LTD


Abridged Accounts
 


Period of accounts

Start date: 01 January 2018

End date: 31 December 2018

Boffix Ltd
Contents Page
For the year ended 31 December 2018
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Boffix Ltd for the year ended 31 December 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Boffix Ltd for the year ended 31 December 2018 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Boffix Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Boffix Ltd and state those matters that we have agreed to state to the Board of Directors of Boffix Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Boffix Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Boffix Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Boffix Ltd . You consider that Boffix Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Boffix Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 December 2018



....................................................
Boffix & Co Accountancy Limited
St Alban Tower
Wood Street
London
EC2V 7AF
15 September 2019
1
 
 		 Notes
 		 2018
£		   2017
£
Fixed assets      
Tangible fixed assets 2 8,309    12,064 
Investments 3 1,174    1,174 
9,483    13,238 
Current assets      
Debtors: amounts falling due within one year 386,776    395,420 
Cash at bank and in hand 8,002    11,331 
394,778    406,751 
Creditors: amount falling due within one year (1,110,906)   (1,004,959)
Net current assets (716,128)   (598,208)
 
Total assets less current liabilities (706,645)   (584,970)
Net assets (706,645)   (584,970)
 

Capital and reserves 		     
Called up share capital 4 666    666 
Profit and loss account (707,311)   (585,636)
Shareholders funds (706,645)   (584,970)
 


For the year ended 31 December 2018 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 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 Part 15 of the Companies Act 2006. In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
Signed on behalf of the board of director


--------------------------------
Miles Dobson
Director

Date approved by the board: 15 September 2019
2
General Information
Boffix Ltd is a private company, limited by shares, registered in England and Wales, registration number 09378812, registration address St Alban Tower, Wood Street, London, Surrey, EC2V 7AF.

The presentation currency is £ sterling
1.

Accounting Policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20 Reducing Balance
Computer Equipment 25 Straight Line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.


The companies in which the company's interest at the period end is more than 20% are as follows:


Boffix Resources Ltd - UK - Business Services activities - Ordinary, 100%


Layer17 ICT Ltd - UK - Information technology consultancy activities - Ordinary, 80%


Boffix & Co Accountancy Ltd - UK - Accounting Services - Ordinary, 49.99%


Boffix Accounts Ltd -UK - Bookkeeping activities - Ordinary, 100%
2.

Tangible fixed assets

Cost Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 January 2018 4,748    26,582    31,330 
Additions -    874    874 
Disposals -    -    - 
At 31 December 2018 4,748    27,456    32,204 
Depreciation
At 01 January 2018 1,250    18,086    19,336 
Charge for year 1,407    3,152    4,559 
On disposals -    -    - 
At 31 December 2018 2,657    21,238    23,895 
Net book values
Closing balance as at 31 December 2018 2,091    6,218    8,309 
Opening balance as at 01 January 2018 2,624    9,440    12,064 


3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 January 2018 1,174    1,174 
Additions -    - 
Disposals -    - 
At 31 December 2018 1,174    1,174 

4.

Share Capital

Allotted
2018
£		   2017
£
666,000 Class A shares of £0.001 each 666    666 
666    666 

5.

Director’s loan

The director has a loan provided interest-free and repayable on demand. 
3