Boyack Enterprises Limited
|
For the year ended 30 November 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04230298
Boyack Enterprises Limited
For the year ended 30 November 2015
1
Balance Sheet
2 to 4
Notes to the Abbreviated Financial Statements
Abbreviated Balance Sheet
|
Boyack Enterprises Limited
2015
2014
2
147,999
166,499
3
1,364,168
1,369,628
1,512,167
1,536,127
4
10,925
7,747
9,497
15,616
17,244
26,541
Creditors
:
amounts falling due within one year
|
5
(95,972)
(91,118)
(69,431)
(73,874)
Net current liabilities
Total assets less current liabilities
|
1,438,293
1,466,696
Creditors
:
amounts falling due after more than one year
|
6
(915,700)
(853,167)
585,126
Net assets
550,996
60,002
7
60,002
539,232
539,232
(14,108)
(48,238)
585,126
550,996
Shareholders funds
For the year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
|
2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
|
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
|
Date approved by the board: 08 March 2016
|
Mr Jonathan Boyack Director
|
Signed on behalf of the board of directors
|
1 of 4
Notes to the Abbreviated Financial Statements
|
For the year ended 30 November 2015
Boyack Enterprises Limited
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
The company operates a defined contribution pension scheme for the benefit of its directors
.
Contributions payable
|
are charged to the profit and loss account in the period in which they are payable
.
|
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
|
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
20
years
.
|
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:
|
Land and Buildings
Plant and Machinery
Office Equipment
Fixtures and Fittings
The company
'
s freehold properties were professionally valued prior to December
2012
.
This valuation has been
|
reduced by subsequent depreciation
.
Under the transitional provisions of the Financial Reporting Standard for Smaller
|
Entities
(
effective April
2008
)
the properties continue to be stated at that valuation less accumulated depreciation to
|
date and that valuation has not been updated
.
|
The company
'
s freehold properties are revalued in full every five years
.
Interim valuations are carried out when it is
|
likely that there has been a material change in value
.
|
No depreciation is provided on the company
'
s freehold properties since in the opinion of the directors the expected
|
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
|
would be immaterial
.
The directors undertake an annual impairment review of these properties
.
|
2 of 4
Notes to the Abbreviated Financial Statements
|
For the year ended 30 November 2015
Boyack Enterprises Limited
2
Intangible fixed assets
|
370,000
370,000
203,501
18,500
Charge for year
222,001
147,999
166,499
1,472,161
8,922
1,481,083
102,533
14,382
Charge for year
116,915
1,364,168
1,369,628
Debtors include an amount of £
4674
(
2014
:
£
0
)
falling due after more than one year
|
This is a staff loan being repaid over five years and charged at 1% interest.
2015
5
Creditors
:
amounts falling due within one year
|
2014
41,380
41,380
Bank loans and overdrafts (secured)
2014
2015
6
Creditors due after more than one year
|
399,212
441,187
Bank loans and overdrafts (secured)
3 of 4
Notes to the Abbreviated Financial Statements
|
For the year ended 30 November 2015
Boyack Enterprises Limited
Allotted called up and fully paid
|
2015
2014
60
,
002
Class A shares of £
1
.
00
each
|
60,002
60,002
60,002
60,002
4 of 4