Bossman's Retail LTD - Accounts


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Registered Number: 11258267


 

 

 

BOSSMAN'S RETAIL LTD


Abridged Accounts
 


Period of accounts

Start date: 15 March 2018

End date: 31 March 2019
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2019 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
T & K Accountancy LLP
31 March 2019



....................................................
T & K Accountancy LLP
69 Banstead Road
Carshalton
SM5 3NP
10 September 2019
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Notes
 
2019
£
Fixed assets    
Intangible fixed assets 2 24,400 
Tangible fixed assets 3 30,819 
55,219 
Current assets    
Stocks 53,691 
Debtors: amounts falling due after one year 726 
Cash at bank and in hand 8,411 
62,828 
Creditors: amount falling due within one year (116,662)
Net current assets (53,834)
 
Total assets less current liabilities 1,385 
Net assets 1,385 
 

Capital and reserves
   
Called up share capital 200 
Profit and loss account 1,186 
Shareholders funds 1,386 
 


For the period ended 31 March 2019 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 period 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 and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
Signed on behalf of the board of director


--------------------------------
Manchchary CHANDRAKUMARAN
Director

Date approved by the board: 10 September 2019
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General Information
Bossman's Retail LTD is a private company, limited by shares, registered in , registration number 11258267, registration address 54 FOLLY LANE, HEREFORD ENGLAND, , HR1 1LX.

The presentation currency is £ sterling
1.

Accounting Policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
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:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 15 March 2018  
Additions 24,400    24,400 
Disposals  
At 31 March 2019 24,400    24,400 
Amortisation
At 15 March 2018  
Charge for period  
On disposals  
At 31 March 2019  
Net book values
At 31 March 2019 24,400    24,400 
At 14 March 2018  


3.

Tangible fixed assets

Cost Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 15 March 2018      
Additions 18,885    4,842    17,364    41,091 
Disposals      
At 31 March 2019 18,885    4,842    17,364    41,091 
Depreciation
At 15 March 2018      
Charge for period 4,721    1,210    4,341    10,272 
On disposals      
At 31 March 2019 4,721    1,210    4,341    10,272 
Net book values
Closing balance as at 31 March 2019 14,164    3,632    13,023    30,819 
Opening balance as at 15 March 2018      


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