Bourse Company Services Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03808400 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

BOURSE COMPANY SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T P Russell

SECRETARY:

Bristol Legal Services Ltd

REGISTERED OFFICE:

St Brandon's House

29 Great George Street

Bristol

BS1 5QT

REGISTERED NUMBER:

03808400 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

896

1,145

896

1,145

CURRENT ASSETS

Debtors

6

9,323

8,965

Cash at bank

75,895

58,308

85,218

67,273

CREDITORS

Amounts falling due within one year

7

85,060

67,510

NET CURRENT ASSETS/(LIABILITIES)

158

(237

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,054

908

PROVISIONS FOR LIABILITIES

8

170

218

NET ASSETS

884

690

CAPITAL AND RESERVES

Called up share capital

9

4

4

Retained earnings

880

686

SHAREHOLDERS' FUNDS

884

690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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

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

The financial statements were approved by the director and authorised for issue on 13 February 2024 and were signed by:

T P Russell - Director

1.	STATUTORY INFORMATION

Bourse Company Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Operating lease income

Operating lease rentals are recognised in other income on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2022

and 31 May 2023

75,000

AMORTISATION

At 1 June 2022

and 31 May 2023

75,000

NET BOOK VALUE

At 31 May 2023

-

At 31 May 2022

-

5.	TANGIBLE FIXED ASSETS

Computer

equipmen

£

COST

At 1 June 2022

2,695

Additions

50

At 31 May 2023

2,745

DEPRECIATION

At 1 June 2022

1,550

Charge for year

299

At 31 May 2023

1,849

NET BOOK VALUE

At 31 May 2023

896

At 31 May 2022

1,145

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Trade debtors

7,649

7,666

Other debtors

1,674

1,299

9,323

8,965

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Trade creditors

4,382

4,551

Taxation and social security

15,523

11,769

Other creditors

65,155

51,190

85,060

67,510

8.	PROVISIONS FOR LIABILITIES

31.5.23

31.5.22

£

£

Deferred tax

170

218

Deferred

tax

£

Balance at 1 June 2022

218

Accelerated capital allowances

(48

)

Balance at 31 May 2023

170

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.23

31.5.22

value:

£

£

2

Ordinary 'A'

£1

2

2

1

Ordinary 'B'

£1

1

1

1

Ordinary 'C'

£1

1

1

4

4

10.	RELATED PARTY DISCLOSURES

The director maintains an interest free loan account with the company. At the balance sheet date, the company owed £61,574 (2022: £47,850).

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T P Russell.