Boffix Ltd - Accounts

Boffix Ltd - Accounts

BOFFIX LTD - Company Information

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Registered Number : 09378812
England and Wales

 

 

 

BOFFIX LTD


Abridged Accounts
 


Period of accounts

Start date: 01 January 2016

End date: 31 December 2016

Boffix Ltd
Contents Page
For the year ended 31 December 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Boffix Ltd for the year ended 31 December 2016 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://icaew.com/regulations.

This report is made solely to the Board of Directors of Boffix Ltd, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the financial statements of Boffix Ltd and state those matters that we have agreed to state to the Board of Directors of Boffix Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at http://icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Boffix Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Boffix Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Boffix Ltd. You consider that Boffix Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Boffix Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.



....................................................
Boffix & Co Accountancy Limited
St Alban Tower
Wood Street
London
EC2V 7AF
25 September 2017
1
 
 		 Notes
 		 2016
£		   2015
£
Fixed assets      
Tangible fixed assets 2 16,546    19,247 
Investments 3 1,876    946 
18,422    20,193 
Current assets      
Debtors 196,468    43,795 
Cash at bank and in hand 1,643    4,237 
198,111    48,032 
Creditors: amount falling due within one year (656,318)   (199,771)
Net current assets (458,207)   (151,739)
 
Total assets less current liabilities (439,785)   (131,546)
Creditors: amount falling due after more than one year 0    (132,174)
Net assets (439,785)   (263,720)
 

Capital and reserves 		     
Called up share capital 4 666    666 
Profit and loss account (440,451)   (264,386)
Shareholders funds (439,785)   (263,720)
 


For the year ended 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

The members have agreed to the preparation of abridged accounts.
Signed on behalf of the board of directors


--------------------------------
Miles Dobson
Director

Date approved by the board: 25 September 2017
2
Statutory Information
Boffix Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 09378812.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25 Straight Line
Fixtures and Fittings 20 Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.


The companies in which the company's interest at the period end is more than 20% are as follows:


Boffix Accounts Ltd -UK - Bookkeeping activities - Ordinary, 100%


Your VPA Limited - UK - Call centre activities - Ordinary, 100%


Layer17 ICT Ltd - UK - Information technology consultancy activities - Ordinary, 100%


Boffix & Co Accountancy Ltd - UK - Accounting Services - Ordinary, 49.99%
2.

Tangible fixed assets

Cost or Valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 January 2016 -    22,323    22,323 
Additions 492    4,835    5,327 
Disposals -    -    - 
At 31 December 2016 492    27,158    27,650 
Depreciation
At 01 January 2016 -    3,076    3,076 
Charge for year 125    7,903    8,028 
On disposals -    -    - 
At 31 December 2016 125    10,979    11,104 
Net book values
At 31 December 2016 367    16,179    16,546 
At 31 December 2015 -    19,247    19,247 


3.

Investments

Cost or Valuation Investments in group undertakings   Total
  £   £
At 01 January 2016 946    946 
Additions 930    930 
Disposals -    - 
At 31 December 2016 1,876    1,876 

4.

Share Capital

Allotted
2016
£		   2015
£
666,000 Class A shares of £0.001 each 666    0 
666    0 

3