Bossup Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05338731 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Bossup Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs B Smith-England

SECRETARY:

S J Smith

REGISTERED OFFICE:

30/31 St James Place

Mangotsfield

Bristol

South Glos.

BS16 9JB

REGISTERED NUMBER:

05338731 (England and Wales)

ACCOUNTANTS:

Copson Grandfield

30/31 St James Place

Mangotsfield

Bristol

South Glos.

BS16 9JB

FIXED ASSETS

Tangible assets

3

49

57

Investment property

4

190,000

185,000

190,049

185,057

CURRENT ASSETS

Debtors

5

70

-

Cash at bank

8,145

16,008

8,215

16,008

CREDITORS

Amounts falling due within one year

6

181,679

186,166

NET CURRENT LIABILITIES

(173,464

)

(170,158

)

TOTAL ASSETS LESS CURRENT LIABILITIES

16,585

14,899

PROVISIONS FOR LIABILITIES

7

9

11

NET ASSETS

16,576

14,888

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

16,476

14,788

SHAREHOLDERS' FUNDS

16,576

14,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 16 December 2019 and were signed by:

Mrs B Smith-England - Director

1.	STATUTORY INFORMATION

Bossup Limited is a private company, limited by shares , registered in England and Wales. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

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

Computer equipment

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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 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.

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2018

and 31 March 2019

128

DEPRECIATION

At 1 April 2018

71

Charge for year

8

At 31 March 2019

79

NET BOOK VALUE

At 31 March 2019

49

At 31 March 2018

57

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

185,000

Revaluations

5,000

At 31 March 2019

190,000

NET BOOK VALUE

At 31 March 2019

190,000

At 31 March 2018

185,000

Fair value at 31 March 2019 is represented by:

£

Valuation in 2017

175,000

Valuation in 2018

10,000

Valuation in 2019

5,000

190,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Other debtors

70

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

138,359

145,498

Other creditors

43,320

40,668

181,679

186,166

7.	PROVISIONS FOR LIABILITIES

31.3.19

31.3.18

£

£

Deferred tax

Accelerated capital allowances

9

11

Deferred

tax

£

Balance at 1 April 2018

11

Accelerated capital allowances

(2

)

Balance at 31 March 2019

9

8.

RESERVES

Retained

earnings

£

At 1 April 2018

14,788

Profit for the year

1,688

At 31 March 2019

16,476

In reserves £35,000 are non distributable.