Boulders Limited |
Abbreviated Accounts for the Year Ended 28 February 2014 |
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. |
Chartered Accountants |
1 October 2014 |
Boulders Limited (Registered number: 06125377) |
Abbreviated Balance Sheet |
28 February 2014 |
2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 3 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
3 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
Boulders Limited (Registered number: 06125377) |
Abbreviated Balance Sheet - continued |
28 February 2014 |
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 financial statements were approved by the Board of Directors on were signed on its behalf by: |
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 |
Leasehold prop. improvements | - |
Plant & machinery | - |
Furniture & fixtures | - |
Office equipment | - |
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. |
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 |
Additions |
At 28 February 2014 |
DEPRECIATION |
At 1 March 2013 |
Charge for year |
At 28 February 2014 |
NET BOOK VALUE |
At 28 February 2014 |
At 28 February 2013 |
3. | CREDITORS |
The following secured debts are included within creditors: |
2014 | 2013 |
£ | £ |
Bank loans |
Hire purchase contracts |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
Ordinary | £1 |