Boone Design Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06327121 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Boone Design Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S A Boone

A Boone

SECRETARY:

A Boone

REGISTERED OFFICE:

Westbrook

Blundel Lane

Stoke D'Abernon

Cobham

Surrey

KT11 2SP

REGISTERED NUMBER:

06327121 (England and Wales)

ACCOUNTANTS:

Osbornes Accountants Limited

20 Market Place

Kingston

Surrey

KT1 1JP

FIXED ASSETS

Tangible assets

4

2,941

2,001

CURRENT ASSETS

Debtors

5

19,025

42,167

Cash at bank

76,221

34,377

95,246

76,544

CREDITORS

Amounts falling due within one year

6

45,163

49,436

NET CURRENT ASSETS

50,083

27,108

TOTAL ASSETS LESS CURRENT LIABILITIES

53,024

29,109

PROVISIONS FOR LIABILITIES

559

-

NET ASSETS

52,465

29,109

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

52,365

29,009

SHAREHOLDERS' FUNDS

52,465

29,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2020 and were signed on its behalf by:

S A Boone - Director

1.	STATUTORY INFORMATION

Boone Design 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.

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 etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained

Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

12,898

Additions

2,871

At 31 March 2020

15,769

DEPRECIATION

At 1 April 2019

10,897

Charge for year

1,931

At 31 March 2020

12,828

NET BOOK VALUE

At 31 March 2020

2,941

At 31 March 2019

2,001

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

19,025

42,167

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

3,010

16,140

Taxation and social security

21,030

12,062

Other creditors

21,123

21,234

45,163

49,436

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The loans to the company from the directors are interest free.