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

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

BOLTRON LIMITED - Company Information

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IRIS Accounts Production v21.3.0.583 SC099913 director 1.4.20 31.3.21 31.3.21 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC0999132020-03-31SC0999132021-03-31SC0999132020-04-012021-03-31SC0999132019-03-31SC0999132019-04-012020-03-31SC0999132020-03-31SC099913ns16:Scotland2020-04-012021-03-31SC099913ns15:PoundSterling2020-04-012021-03-31SC099913ns11:Director12020-04-012021-03-31SC099913ns11:PrivateLimitedCompanyLtd2020-04-012021-03-31SC099913ns11:SmallEntities2020-04-012021-03-31SC099913ns11:AuditExempt-NoAccountantsReport2020-04-012021-03-31SC099913ns11:SmallCompaniesRegimeForDirectorsReport2020-04-012021-03-31SC099913ns11:SmallCompaniesRegimeForAccounts2020-04-012021-03-31SC099913ns11:FullAccounts2020-04-012021-03-31SC099913ns11:CompanySecretary12020-04-012021-03-31SC099913ns11:RegisteredOffice2020-04-012021-03-31SC099913ns6:CurrentFinancialInstruments2021-03-31SC099913ns6:CurrentFinancialInstruments2020-03-31SC099913ns6:ShareCapital2021-03-31SC099913ns6:ShareCapital2020-03-31SC099913ns6:RetainedEarningsAccumulatedLosses2021-03-31SC099913ns6:RetainedEarningsAccumulatedLosses2020-03-31SC099913ns6:CostValuation2020-03-31SC099913ns11:Director112020-03-31SC099913ns11:Director112019-03-31SC099913ns11:Director112020-04-012021-03-31SC099913ns11:Director112019-04-012020-03-31SC099913ns11:Director112021-03-31SC099913ns11:Director112020-03-31
REGISTERED NUMBER: SC099913 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Boltron Limited
Boltron Limited (Registered number: SC099913)






Contents of the Financial Statements
for the Year Ended 31 March 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Boltron Limited

Company Information
for the Year Ended 31 March 2021







DIRECTOR: W J King





SECRETARY: Miss V King





REGISTERED OFFICE: Pavilion 1
Finnieston Business Park
Minerva Way
Glasgow
G3 8AU





REGISTERED NUMBER: SC099913 (Scotland)





ACCOUNTANTS: Gerber Landa & Gee
Chartered Accountants
Chartered Tax Advisers
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU
Page 1
Boltron Limited (Registered number: SC099913)

Balance Sheet
31 March 2021

31.3.21 31.3.20
Notes £    £    £    £   
FIXED ASSETS
Investments 4 25,000 25,000
Investment property 5 590,934 459,573
615,934 484,573

CURRENT ASSETS
Debtors 6 41,163 33,333
Cash at bank 12,590 85,665
53,753 118,998
CREDITORS
Amounts falling due within one year 7 173,907 121,693
NET CURRENT LIABILITIES (120,154 ) (2,695 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
495,780
481,878

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 495,680 481,778
SHAREHOLDERS' FUNDS 495,780 481,878

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
Boltron Limited (Registered number: SC099913)

Balance Sheet - continued
31 March 2021


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2021 and were signed by:





W J King - Director


The notes form part of these financial statements

Page 3
Boltron Limited (Registered number: SC099913)

Notes to the Financial Statements
for the Year Ended 31 March 2021

1. STATUTORY INFORMATION

Boltron Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover
Gross rents received and receivable from properties are included in the profit and loss account on the basis that credit is taken when these rents fall due for payment. Provision is made for any rents due but not considered receivable.

Investment property
Investment property is shown at most recent valuation, as determined by the director. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

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 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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

Page 4 continued...
Boltron Limited (Registered number: SC099913)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2021

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2020
and 31 March 2021 25,000
NET BOOK VALUE
At 31 March 2021 25,000
At 31 March 2020 25,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2020 459,573
Additions 131,361
At 31 March 2021 590,934
NET BOOK VALUE
At 31 March 2021 590,934
At 31 March 2020 459,573

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Trade debtors 41,163 33,333

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Corporation tax 3,266 4,295
Other creditors 400 400
Directors' current accounts 159,360 107,360
Accruals and deferred income 10,881 9,638
173,907 121,693

Page 5 continued...
Boltron Limited (Registered number: SC099913)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2021

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2021 and 31 March 2020:

31.3.21 31.3.20
£    £   
W J King
Balance outstanding at start of year (107,360 ) (98,940 )
Amounts advanced 8,000 -
Amounts repaid (60,000 ) (8,420 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (159,360 ) (107,360 )

The loan from the director carries no interest and has no fixed repayment terms.

9. RELATED PARTY DISCLOSURES

During the year the company rented one of its investment properties to William King Bookmakers Limited, a company in which W J King is a director. The total rent debited to the company's accounts was £Nil (2020: £Nil). The amount due by that company at the balance sheet date for rents received is £33,333 (2020: £33,333). Boltron Limited also owes William King Bookmakers a balance of £400 at the year end (2020: £3,400).

Page 6