Boshers Ltd - Accounts to registrar - small 17.1
Boshers Ltd - Accounts to registrar - small 17.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| FOR |
| BOSHERS LTD |
| BOSHERS LTD (REGISTERED NUMBER: 02946794) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| BOSHERS LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Grenville House |
| 9 Boutport Street |
| Barnstaple |
| Devon |
| EX31 1TZ |
| BOSHERS LTD (REGISTERED NUMBER: 02946794) |
| BALANCE SHEET |
| 31 MARCH 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| BOSHERS LTD (REGISTERED NUMBER: 02946794) |
| BALANCE SHEET - continued |
| 31 MARCH 2017 |
| The directors acknowledge their 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 Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on behalf by: |
| BOSHERS LTD (REGISTERED NUMBER: 02946794) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 1. | STATUTORY INFORMATION |
| Boshers Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| The turnover shown in the profit and loss account represents commissions and fees receivable. |
| In respect of long-term contracts and contracts for on-going services, turnover represents the value of |
| work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term |
| contracts and contracts for on-going services is recognised by reference to the stage of completion. |
| Goodwill |
| Amortisation is calculated so as to write off the cost of asset over the useful economic life of that |
| asset. |
| Goodwill has been written-off over 20 years with a remaining useful economic life of less than five |
| years. |
| Amortisation |
| Amortisation is calculated so as to write off the cost of an asset over the useful economic life of that |
| asset as follows: |
| Goodwill - Over 20 years. See note above |
| Depreciation |
| Plant and machinery etc | - |
| The directors consider that the residual values of freehold land and buildings are equal to or greater |
| than their carrying value. As such, any depreciation charge, whether cumulative or annual, would be |
| immaterial to these accounts. |
| Financial instruments |
| Financial instruments are classified and accounted for, according to the substance of the contractual |
| arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument |
| is any contract that evidences a residual interest in the assets of the company after deducting all of its |
| liabilities. |
| BOSHERS LTD (REGISTERED NUMBER: 02946794) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Operating leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period |
| of the lease. |
| Pension costs |
| The company operates a defined contribution pension scheme. The assets of the company scheme are |
| held separately from those of the company. Contributions payable to the company's pension scheme |
| are charged to profit or loss in the period to which they relate. |
| Deferred taxation |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 April 2016 |
| and 31 March 2017 |
| AMORTISATION |
| At 1 April 2016 |
| Charge for year |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| BOSHERS LTD (REGISTERED NUMBER: 02946794) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2016 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| The directors have not undertaken a revaluation policy on freehold property which continues to be |
| stated at historical cost. |
| 6. | DEBTORS |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| BOSHERS LTD (REGISTERED NUMBER: 02946794) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans |
| A legal charge over the company's assets was created on 6 September 2010 to Natwest Bank Plc. |
| The capital on the bank loan is repayable over sixty months commencing September 2015. |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Bank loans |
| 10. | FIRST YEAR ADOPTION - FRS102 1A |
| No transitional adjustments are required. |