Boulakia and Co Limited - Accounts to registrar (filleted) - small 18.2
Boulakia and Co Limited - Accounts to registrar (filleted) - small 18.2
| BOULAKIA AND CO LIMITED |
| Financial Statements |
| for the Year Ended 30 October 2020 |
| BOULAKIA AND CO LIMITED (REGISTERED NUMBER: 08248175) |
| Contents of the Financial Statements |
| for the year ended 30 October 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| BOULAKIA AND CO LIMITED |
| Company Information |
| for the year ended 30 October 2020 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| New Derwent House |
| 69-73 Theobalds Road |
| London |
| WC1X 8TA |
| BOULAKIA AND CO LIMITED (REGISTERED NUMBER: 08248175) |
| Balance Sheet |
| 30 October 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital | 7 |
| Retained earnings | 8 | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| The director acknowledges his 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. |
| 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 director and authorised for issue on |
| BOULAKIA AND CO LIMITED (REGISTERED NUMBER: 08248175) |
| Notes to the Financial Statements |
| for the year ended 30 October 2020 |
| 1. | Statutory information |
| Boulakia and Co Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Going Concern |
| The financial statements have been prepared on a going concern basis. The Director has reviewed and |
| considered relevant information, including the annual budget and future cash flows in making his assessment. |
| In particular, in response to the COVID-19 pandemic, the Director has tested his cash flow analysis to take into account the impact on his business of possible scenarios brought on by the impact of COVID-19, |
| alongside the measures that he can take to mitigate the impact. Based on these assessments, given the |
| measures that could be undertaken to mitigate the current adverse conditions, and the current resources |
| available, the Director has concluded that he can continue to adopt the going concern basis in preparing the annual report and accounts. |
| 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 |
| Short leasehold | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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 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. |
| BOULAKIA AND CO LIMITED (REGISTERED NUMBER: 08248175) |
| Notes to the Financial Statements - continued |
| for the year ended 30 October 2020 |
| 2. | Accounting policies - continued |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Tangible fixed assets |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Cost |
| At 31 October 2019 |
| and 30 October 2020 |
| Depreciation |
| At 31 October 2019 |
| Charge for year |
| At 30 October 2020 |
| Net book value |
| At 30 October 2020 |
| At 30 October 2019 |
| 5. | Debtors: amounts falling due within one year |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | Creditors: amounts falling due within one year |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| BOULAKIA AND CO LIMITED (REGISTERED NUMBER: 08248175) |
| Notes to the Financial Statements - continued |
| for the year ended 30 October 2020 |
| 7. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary | £1 | 1 | 1 |
| 8. | Reserves |
| Retained |
| earnings |
| £ |
| At 31 October 2019 | ( |
) |
| Profit for the year |
| At 30 October 2020 | ( |
) |
| 9. | Related party disclosures |
| At the year end £77,760 was due from director (2019: £107,644). Interest at 2.5% p.a is charged on overdrawn balances. |