ACCOUNTS - Final Accounts preparation

BOSS PEASE POTTAGE LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30falseNo description of principal activity2022-05-0111falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13317527 2022-05-01 2023-04-30 13317527 2023-04-30 13317527 2021-04-07 2022-04-30 13317527 2022-04-30 13317527 c:Director1 2022-05-01 2023-04-30 13317527 d:PlantMachinery 2022-05-01 2023-04-30 13317527 d:PlantMachinery 2023-04-30 13317527 d:PlantMachinery 2022-04-30 13317527 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 13317527 d:OfficeEquipment 2022-05-01 2023-04-30 13317527 d:OfficeEquipment 2023-04-30 13317527 d:OfficeEquipment 2022-04-30 13317527 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 13317527 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 13317527 d:CurrentFinancialInstruments 2023-04-30 13317527 d:CurrentFinancialInstruments 2022-04-30 13317527 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13317527 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 13317527 d:ShareCapital 2023-04-30 13317527 d:ShareCapital 2022-04-30 13317527 d:RetainedEarningsAccumulatedLosses 2023-04-30 13317527 d:RetainedEarningsAccumulatedLosses 2022-04-30 13317527 c:FRS102 2022-05-01 2023-04-30 13317527 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 13317527 c:FullAccounts 2022-05-01 2023-04-30 13317527 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company registration number: 13317527

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 APRIL 2023

	BOSS PEASE POTTAGE LIMITED


BOSS PEASE POTTAGE LIMITED REGISTERED NUMBER:13317527

STATEMENT OF FINANCIAL POSITION

AS AT 30 APRIL 2023

		2023		2022
Note		£		£

Fixed assets
Tangible assets	4		6,512		940
			6,512		940
Current assets
Debtors: amounts falling due within one year	5	7,208		5,438
Cash at bank and in hand		54,880		36,384
		62,088		41,822
Creditors: amounts falling due within one year	6	(14,321)		(34,092)
Net current assets			47,767		7,730
Total assets less current liabilities			54,279		8,670

Net assets			54,279		8,670

Capital and reserves
Called up share capital	100	100
Profit and loss account	54,179	8,570
	54,279	8,670

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 August 2023.

................................................

D M Baigent

Director

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BOSS PEASE POTTAGE LIMITED REGISTERED NUMBER:13317527

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 APRIL 2023

The notes on pages 3 to 6 form part of these financial statements.

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BOSS PEASE POTTAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

1.	General information

Boss Pease Pottage Limited is a private company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England & Wales. The company's registered office and number are shown on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

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BOSS PEASE POTTAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Plant and machinery	-	25%	Straight line
				Office equipment	-	33%	Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

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BOSS PEASE POTTAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

4.	Tangible fixed assets

	Plant and machinery	Office equipment	Total
	£	£	£
Cost or valuation
At 1 May 2022	-	1,410	1,410
Additions	8,054	-	8,054
At 30 April 2023	8,054	1,410	9,464
Depreciation
At 1 May 2022	-	470	470
Charge for the year on owned assets	2,012	470	2,482
At 30 April 2023	2,012	940	2,952
Net book value
At 30 April 2023	6,042	470	6,512

Debtors

					2023	2022
					£	£


Trade debtors	4,953	2,608
Other debtors	2,255	2,830
	7,208	5,438

6.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Trade creditors	662	9,468
Corporation tax	10,920	1,699
Other taxation and social security	66	252
Other creditors	458	20,458
Accruals and deferred income	2,215	2,215
	14,321	34,092

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BOSS PEASE POTTAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

7.	Related party transactions
	The director has leant the company £420 during the year (2022 £16,420) and this is outstanding at the year end. No interest is charged on the loan.

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