Boulders Limited - Limited company - abbreviated - 11.6

Boulders Limited - Limited company - abbreviated - 11.6

BOULDERS LTD - Company Information

Print Friendly Version

06125377 1.3.13 28.2.14 28.2.14 Company accounts Private Limited Company FY true false true false true false false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure061253772013-02-28061253772014-02-28061253772013-03-012014-02-28061253772012-02-29061253772012-03-012013-02-28061253772013-02-2806125377ns12:England2013-03-012014-02-2806125377ns14:PoundSterling2013-03-012014-02-2806125377ns7:Director12013-03-012014-02-2806125377ns7:OrdinaryShareClass12013-03-012014-02-2806125377ns7:EntityAccountantsOrAuditors2013-03-012014-02-2806125377ns5:LandBuildingsns5:OwnedOrFreeholdTangibleFixedAssets2013-03-012014-02-2806125377ns5:PlantMachinery2013-03-012014-02-2806125377ns5:FixturesFittings2013-03-012014-02-2806125377ns5:ComputerEquipment2013-03-012014-02-2806125377ns7:OrdinaryShareClass12014-02-2806125377ns7:OrdinaryShareClass12013-02-28
















Boulders Limited

Abbreviated Accounts for the Year Ended 28 February 2014













Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Boulders Limited


The following reproduces the text of the report prepared for the directors in respect of the
company's annual unaudited financial statements, from which the unaudited abbreviated
accounts (set out on pages two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for
your approval the financial statements of Boulders Limited for the year ended 28 February 2014
which comprise the Profit and Loss Account, the Balance Sheet and the 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
(ICAEW), we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.

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

It is your duty to ensure that Boulders Limited 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 loss of Boulders Limited. You consider that Boulders Limited 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
Boulders Limited. 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.






BPU Limited
Chartered Accountants


1 October 2014

This page does not form part of the abbreviated accounts

1
Boulders Limited (Registered number: 06125377)

Abbreviated Balance Sheet
28 February 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 240,079 265,774

CURRENT ASSETS
Stocks 37,586 42,979
Debtors 47,289 63,679
Cash at bank and in hand 26,393 56,356
111,268 163,014
CREDITORS
Amounts falling due within one year 3 127,502 123,146
NET CURRENT (LIABILITIES)/ASSETS (16,234 ) 39,868
TOTAL ASSETS LESS CURRENT
LIABILITIES
223,845
305,642

CREDITORS
Amounts falling due after more than
one year
3
8,222
33,024
NET ASSETS 215,623 272,618

CAPITAL AND RESERVES
Called up share capital 4 335,000 335,000
Profit and loss account (119,377 ) (62,382 )
SHAREHOLDERS' FUNDS 215,623 272,618

The notes form part of these abbreviated accounts

2
Boulders Limited (Registered number: 06125377)

Abbreviated Balance Sheet - continued
28 February 2014


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 19 September 2014 and
were signed on its behalf by:





O J Noakes - Director


The notes form part of these abbreviated accounts

3
Boulders Limited (Registered number: 06125377)

Notes to the Abbreviated Accounts
for the Year Ended 28 February 2014


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in
accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents the invoiced value of sales of goods and services, net of value added
tax. Where annual membership, and the like, is sold, income is recognised over the term of
the membership.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold prop. improvements - 20% straight line
Plant & machinery - 10% & 20% straight line
Furniture & fixtures - 20% straight line
Office equipment - 20% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets held under finance leases and hire purchase contracts, which are those where
substantially all the risks and rewards of ownership of the asset have passed to the
company, are capitalised in the balance sheet and depreciated over their useful lives.

The interest element of the rental obligations is charged to the profit and loss account over
the period of the lease and represents a constant proportion of the balance of capital
repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the
lease term.

4
Boulders Limited (Registered number: 06125377)

Notes to the Abbreviated Accounts - continued
for the Year Ended 28 February 2014


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2013 575,127
Additions 28,314
At 28 February 2014 603,441
DEPRECIATION
At 1 March 2013 309,353
Charge for year 54,009
At 28 February 2014 363,362
NET BOOK VALUE
At 28 February 2014 240,079
At 28 February 2013 265,774

3. CREDITORS

The following secured debts are included within creditors:

2014 2013
£    £   
Bank loans 20,666 44,790
Hire purchase contracts 9,588 29,270
30,254 74,060

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
335,000 Ordinary £1 335,000 335,000

5