Company Registration No. 09276032 (England and Wales)
Boss Motorcompany Ltd
Unaudited accounts
for the year ended 31 October 2022
Boss Motorcompany Ltd
Unaudited accounts
Contents
Boss Motorcompany Ltd
Company Information
for the year ended 31 October 2022
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 2022
Tangible assets
684,130
691,352
Inventories
1,536,229
1,103,856
Cash at bank and in hand
69,456
79,375
Creditors: amounts falling due within one year
(1,111,701)
(1,154,285)
Net current assets
565,196
105,166
Total assets less current liabilities
1,249,326
796,518
Creditors: amounts falling due after more than one year
(632,957)
(245,500)
Provisions for liabilities
Deferred tax
(4,952)
(6,259)
Net assets
611,417
544,759
Called up share capital
100
100
Profit and loss account
611,317
544,659
Shareholders' funds
611,417
544,759
For the year ending 31 October 2022 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 31 July 2023 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 2022
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 2021
658,413
53,131
17,831
729,375
At 31 October 2022
658,413
52,991
17,831
729,235
At 1 November 2021
-
30,164
7,859
38,023
Charge for the year
-
5,299
1,783
7,082
At 31 October 2022
-
35,463
9,642
45,105
At 31 October 2022
658,413
17,528
8,189
684,130
At 31 October 2021
658,413
22,967
9,972
691,352
Boss Motorcompany Ltd
Notes to the Accounts
for the year ended 31 October 2022
Amounts falling due within one year
Trade debtors
70,250
47,960
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
593,375
398,883
Taxes and social security
110,732
149,274
Other creditors
127,871
131,645
Loans from directors
271,916
448,794
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
632,957
245,500
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 6 (2021: 7).
