BOE Publishing Ltd. - Accounts to registrar - small 17.1

REGISTERED NUMBER: 02644284

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

BOE PUBLISHING LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W Dore

C J Marden

A D J Mowatt

P Goldstone

SECRETARY:

C J Marden

REGISTERED OFFICE:

Chart House

2 Effingham Road

Reigate

Surrey

RH2 7JN

REGISTERED NUMBER:

02644284

ACCOUNTANTS:

John Williams and Co

Chartered Accountants

Chart House

2 Effingham Road

Reigate

Surrey

RH2 7JN

FIXED ASSETS

Intangible assets

4

20,001

30,001

Tangible assets

5

38,555

58,691

58,556

88,692

CURRENT ASSETS

Stocks

4,913

8,054

Debtors

6

1,206,303

1,128,673

Cash at bank and in hand

56,009

30,128

1,267,225

1,166,855

CREDITORS

Amounts falling due within one year

7

2,537,168

2,551,623

NET CURRENT LIABILITIES

(1,269,943

)

(1,384,768

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,211,387

)

(1,296,076

)

PROVISIONS FOR LIABILITIES

9

-

495

NET LIABILITIES

(1,211,387

)

(1,296,571

)

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

(1,211,389

)

(1,296,573

)

SHAREHOLDERS' FUNDS

(1,211,387

)

(1,296,571

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 23 May 2017 and were signed on its behalf by:

A D J Mowatt - Director

1.	STATUTORY INFORMATION

BOE Publishing Ltd. is a private company, limited by shares , registered in Not specified/Other. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

at variable rates on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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 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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 13 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2016

and 31 December 2016

100,001

AMORTISATION

At 1 January 2016

70,000

Charge for year

10,000

At 31 December 2016

80,000

NET BOOK VALUE

At 31 December 2016

20,001

At 31 December 2015

30,001

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2016

104,817

126,031

13,322

65,426

309,596

Disposals

-

-

(13,322

)

(38,581

)

(51,903

)

At 31 December 2016

104,817

126,031

-

26,845

257,693

DEPRECIATION

At 1 January 2016

88,291

112,263

5,205

45,146

250,905

Charge for year

2,479

2,065

1,522

6,692

12,758

Eliminated on disposal

-

-

(6,727

)

(37,798

)

(44,525

)

At 31 December 2016

90,770

114,328

-

14,040

219,138

NET BOOK VALUE

At 31 December 2016

14,047

11,703

-

12,805

38,555

At 31 December 2015

16,526

13,768

8,117

20,280

58,691

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

109,869

36,339

Amounts owed by group undertakings

1,076,434

1,075,858

Other debtors

300

-

Prepayments and accrued income

19,700

16,476

1,206,303

1,128,673

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

25,898

20,227

Amounts owed to group undertakings

1,284,100

1,284,375

Tax

46

32

Social security and other taxes

19,124

30,772

VAT

23,212

15,356

Other creditors

1,123,626

1,122,632

Directors' current accounts

1,243

1,243

Accruals and deferred income

59,919

76,986

2,537,168

2,551,623

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2016

2015

£

£

Within one year

30,424

29,952

9.	PROVISIONS FOR LIABILITIES

2016

2015

£

£

Deferred tax

-

495

Deferred

tax

£

Balance at 1 January 2016

495

Accelerated capital allowances

(495

)

Balance at 31 December 2016

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2

11.	RELATED PARTY DISCLOSURES

Included in current assets are £1,073,936 (2015 - £1,073,647) and £2,498 (2015 - £2,210) owed from Asyst

Group Limited and Asyst Holdings Limited, which are both group companies.

Included in creditors due within on year is £1,284,100 (2015 - £1,284,375) owed to Asyst Limited a group

company and £700,000 (2015 - £700,00) owed to Keysone (Legal Benefits) Ltd a company under common

control.

12.	ULTIMATE CONTROLLING PARTY

13.	ULTIMATE PARENT COMPANY

The ultimate parent company is Asyst Holdings Limited who's registered office is Chart House 2 Effingham

Road Reigate Surrey, RH2 7JN.