Boswell Park Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11544895 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 31ST AUGUST 2018 TO 31ST DECEMBER 2019

FOR

BOSWELL PARK HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H J Boswell

Mrs M J Boswell

SECRETARY:

REGISTERED OFFICE:

103 Newland Road

Worthing

West Sussex

BN11 1LB

REGISTERED NUMBER:

11544895 (England and Wales)

ACCOUNTANTS:

Dalewood Limited

103 Newland Road

Worthing

West Sussex

BN11 1LB

FIXED ASSETS

Intangible assets

4

104,500

Tangible assets

5

35,066

139,566

CURRENT ASSETS

Stocks

98,989

Debtors

6

22,192

Cash at bank

36,730

157,911

CREDITORS

Amounts falling due within one year

7

238,697

NET CURRENT LIABILITIES

(80,786

)

TOTAL ASSETS LESS CURRENT LIABILITIES

58,780

PROVISIONS FOR LIABILITIES

8

6,663

NET ASSETS

52,117

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

52,115

SHAREHOLDERS' FUNDS

52,117

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 26th May 2020 and were signed on its behalf by:

H J Boswell - Director

Mrs M J Boswell - Director

1.	STATUTORY INFORMATION

Boswell Park Homes 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.

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the period 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 period 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 period was 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

110,000

At 31st December 2019

110,000

AMORTISATION

Charge for period

5,500

At 31st December 2019

5,500

NET BOOK VALUE

At 31st December 2019

104,500

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

Additions

705

46,049

46,754

At 31st December 2019

705

46,049

46,754

DEPRECIATION

Charge for period

176

11,512

11,688

At 31st December 2019

176

11,512

11,688

NET BOOK VALUE

At 31st December 2019

529

34,537

35,066

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

22,192

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

44,291

Taxation and social security

6,859

Other creditors

187,547

238,697

8.	PROVISIONS FOR LIABILITIES

£

Deferred Tax Provision in Year

6,663

Deferred

tax

£

Accelerated Capital Allowances

6,663

Balance at 31st December 2019

6,663