Company Registration No. 09276032 (England and Wales)
Boss Motorcompany Ltd
Unaudited accounts
for the year ended 31 October 2021
Boss Motorcompany Ltd
Unaudited accounts
Contents
Boss Motorcompany Ltd
Company Information
for the year ended 31 October 2021
Company Number
09276032 (England and Wales)
Registered Office
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
United Kingdom
Accountants
S A Acc'y Ltd
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
Boss Motorcompany Ltd
Statement of financial position
as at 31 October 2021
Tangible assets
691,352
689,021
Inventories
1,103,856
913,066
Cash at bank and in hand
79,375
-
Creditors: amounts falling due within one year
(1,154,285)
(824,747)
Net current assets
105,166
215,932
Total assets less current liabilities
796,518
904,953
Creditors: amounts falling due after more than one year
(245,500)
(418,624)
Provisions for liabilities
Deferred tax
(6,259)
(7,607)
Net assets
544,759
478,722
Called up share capital
100
100
Profit and loss account
544,659
478,622
Shareholders' funds
544,759
478,722
For the year ending 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 July 2022 and were signed on its behalf by
S Bloch
Director
Company Registration No. 09276032
Boss Motorcompany Ltd
Notes to the Accounts
for the year ended 31 October 2021
Boss Motorcompany Ltd is a private company, limited by shares, registered in England and Wales, registration number 09276032. The registered office is The Corner House, 4 Beaumont Road, Church Stretton, Shropshire, SY6 6BN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% per annum on cost
Fixtures & fittings
10% per annum on cost
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2020
648,986
53,131
17,831
719,948
At 31 October 2021
658,413
53,131
17,831
729,375
At 1 November 2020
-
24,851
6,076
30,927
Charge for the year
-
5,313
1,783
7,096
At 31 October 2021
-
30,164
7,859
38,023
At 31 October 2021
658,413
22,967
9,972
691,352
At 31 October 2020
648,986
28,280
11,755
689,021
Boss Motorcompany Ltd
Notes to the Accounts
for the year ended 31 October 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
47,960
113,408
Accrued income and prepayments
-
667
Other debtors
28,260
13,538
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
398,883
355,219
Trade creditors
7,433
238,634
Taxes and social security
149,274
110,460
Other creditors
131,645
80,000
Loans from directors
448,794
22,178
7
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
245,500
307,824
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
During the year Boss Wheels Ltd, a company in which Mr S Bloch is director, charged £0 (2020: £nil) to the company for services undertaken. At the year end the company owed Boss Wheels Ltd £80,000 (2020: £80000).
10
Average number of employees
During the year the average number of employees was 7 (2020: 7).
