Company Registration No. 09276032 (England and Wales)
Boss Motorcompany Ltd
Unaudited accounts
for the year ended 31 October 2017
Boss Motorcompany Ltd
Unaudited accounts
Contents
Boss Motorcompany Ltd
Company Information
for the year ended 31 October 2017
Company Number
09276032 (England and Wales)
Registered Office
THE CORNER HOUSE
23 MARKET STREET
CRAVEN ARMS
SHROPSHIRE
SY7 9NW
Accountants
S A Acc'y Ltd
The Corner House
Beaumont Road
Church Stretton
Shropshire
SY6 6BN
Boss Motorcompany Ltd
Statement of financial position
as at 31 October 2017
Tangible assets
581,133
575,283
Inventories
828,098
808,097
Creditors: amounts falling due within one year
(367,632)
(224,107)
Net current assets
526,338
646,990
Total assets less current liabilities
1,107,471
1,222,273
Creditors: amounts falling due after more than one year
(947,453)
(1,144,969)
Provisions for liabilities
Deferred tax
(7,405)
(6,281)
Called up share capital
100
1
Profit and loss account
152,513
71,022
Shareholders' funds
152,613
71,023
For the year ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 31 July 2018.
S Bloch
Director
Company Registration No. 09276032
Boss Motorcompany Ltd
Notes to the Accounts
for the year ended 31 October 2017
Boss Motorcompany Ltd is a private company, limited by shares, registered in England and Wales, registration number 09276032. The registered office is THE CORNER HOUSE, 23 MARKET STREET, CRAVEN ARMS, SHROPSHIRE, SY7 9NW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% per annum on cost
Fixtures & fittings
10% per annum on cost
Boss Motorcompany Ltd
Notes to the Accounts
for the year ended 31 October 2017
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2016
543,878
33,000
5,228
582,106
Additions
228
5,700
4,794
10,722
At 31 October 2017
544,106
38,700
10,022
592,828
At 1 November 2016
-
6,300
523
6,823
Charge for the year
-
3,870
1,002
4,872
At 31 October 2017
-
10,170
1,525
11,695
At 31 October 2017
544,106
28,530
8,497
581,133
At 31 October 2016
543,878
26,700
4,705
575,283
Finished goods
828,098
808,097
Other debtors
63,000
63,000
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
274,167
125,239
Taxes and social security
66,572
40,282
Other creditors
406
58,586
8
Creditors: amounts falling due after more than one year
2017
2016
Bank loans
208,491
283,412
Other creditors
738,962
861,557
Boss Motorcompany Ltd
Notes to the Accounts
for the year ended 31 October 2017
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
1
Shares issued during the period:
99 Ordinary shares of £1 each
99
10
Average number of employees
During the year the average number of employees was 6 (2016: 6).
