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BOOTHS GARDEN STUDIOS LIMITED - Company Information

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Booths Garden Studios Limited

Registered Number:07197460

For the year ended 31 March 2021

England and Wales

Unaudited Report and Financial Statements

Registered Number :

07197460

As at 31 March 2021

Booths Garden Studios Limited

Statement of Financial Position

2020

2021

Notes

Fixed assets

Property, plant and equipment

49,783

52,755

396,827

Investment property

446,610

449,582

Current assets

Inventories

138,380

116,000

Trade and other receivables

42,961

1,871,291

454,876

Cash and cash equivalents

594,578

2,581,869

636,217

Trade and other payables: amounts falling due within one year

(406,513)

(1,277,676)

229,704

1,304,193

Net current assets

Total assets less current liabilities

1,750,803

679,286

Trade and other payables: amounts falling due after more than one

year

(36,465)

(35,922)

(9,459)

(10,023)

Provisions for liabilities

1,705,422

Net assets

632,798

Capital and reserves

Called up share capital

100

Retained earnings

1,705,322

632,698

1,705,422

632,798

Shareholders' funds

For the year ended 31 March 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 of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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Registered Number :

07197460

For the year ended 31 March 2021

Booths Garden Studios Limited

Statement of Financial Position Continued

A Booth Director

I Wetherell Director

These financial statements were approved and authorised for issue by the Board on 08 November 2021 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2021

Booths Garden Studios Limited

Notes to the Financial Statements

Statutory Information

Booths Garden Studios Limited is a private limited company, limited by shares, domiciled in England and Wales, registration

number 07197460.

Registered address:

11 St. Marks Road

St. James Industrial Estate

Corby

Northamptonshire

NN18 8AN

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard

102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The

financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.

Research and development

Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.

Property, plant and equipment

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:

Plant and machinery

15% Reducing balance

33% Reducing balance

Computer equipment

25% Reducing balance

Motor vehicles

20% Reducing balance

Fixtures and fittings

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.

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.

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For the year ended 31 March 2021

Booths Garden Studios Limited

Notes to the Financial Statements Continued

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid

investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank

overdrafts are shown within borrowings or current liabilities.

Short term debtors and creditors

Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from

impairment are recognised in profit and loss account.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable

that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

2. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Motor vehicles

Plant and

machinery

Cost or valuation

At 01 April 2020

96,450

3,728

8,080

14,745

69,897

6,640

1,440

5,200

Additions

At 31 March 2021

14,745

8,080

5,168

103,090

75,097

Provision for depreciation and impairment

At 01 April 2020

43,695

3,024

5,520

12,864

22,287

Charge for year

9,612

708

512

470

7,922

At 31 March 2021

53,307

3,732

6,032

13,334

30,209

At 31 March 2021

Net book value

44,888

1,411

2,048

1,436

49,783

At 31 March 2020

47,610

1,881

2,560

704

52,755

3. Investment property

Total

Fair value

At 01 April 2020

396,827

At 31 March 2021

396,827

Net book value

At 31 March 2021

396,827

At 31 March 2020

396,827

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For the year ended 31 March 2021

Booths Garden Studios Limited

Notes to the Financial Statements Continued

4. Inventories

2020

2021

Stocks

116,000

138,380

5. Trade and other receivables

2020

2021

Trade debtors

358,996

42,961

Amounts owed by group undertakings and participating interests

1,507,578

Other debtors

4,717

42,961

1,871,291

6. Trade and other payables: amounts falling due within one year

2020

2021

Trade creditors

546,287

197,583

Taxation and social security

646,661

196,583

Other creditors

84,728

12,347

1,277,676

406,513

7. Trade and other payables: amounts falling due after more than one year

2020

2021

Other creditors

35,922

36,465

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For the year ended 31 March 2021

Booths Garden Studios Limited

Notes to the Financial Statements Continued

8. Related party transactions

Booths Garden Offices Rental Limited

The company is related to Booths Garden Offices Rental Limited by virtue of the directors' shareholding in both companies.

Loans have been made to Booths Garden Offices Rental Limited, these loans do not carry interest and have not set repayment

terms.

Booths Wetherell Properties Limited

The company is related to Booths Wetherell Properties Limited by virtue of the directors' shareholding in both companies.

Loans have been made to Booths Wetherell Properties Limited, these loans do not carry interest and have no set repayment

terms.

9. Guarantees and other financial commitments

The company operates a defined contribution pension scheme in respect of employees automatically enrolled into a work place

pension. The assets of the scheme are held separately from those of the company in an independently administered fund.

Pension commitments

10. Average number of persons employed

During the year the average number of employees was 19 (2020 : 16).

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