Company Registration No. 09276032 (England and Wales)
Boss Motorcompany Ltd
Unaudited accounts
for the year ended 31 October 2018
Boss Motorcompany Ltd
Unaudited accounts
Contents
Boss Motorcompany Ltd
Company Information
for the year ended 31 October 2018
Directors
S Bloch
M Bloch
Company Number
09276032 (England and Wales)
Registered Office
THE CORNER HOUSE
23 MARKET STREET
CRAVEN ARMS
SHROPSHIRE
SY7 9NW
Accountants
S A Acc'y Ltd
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
Boss Motorcompany Ltd
Statement of financial position
as at
31 October 2018
Tangible assets
582,476
581,133
Inventories
697,230
828,098
Creditors: amounts falling due within one year
(355,845)
(367,632)
Net current assets
341,575
526,338
Total assets less current liabilities
924,051
1,107,471
Creditors: amounts falling due after more than one year
(651,407)
(947,453)
Provisions for liabilities
Deferred tax
(7,064)
(7,405)
Net assets
265,580
152,613
Called up share capital
100
100
Profit and loss account
265,480
152,513
Shareholders' funds
265,580
152,613
For the year ending 31 October 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 26 July 2019.
S Bloch
Director
Company Registration No. 09276032
Boss Motorcompany Ltd
Notes to the Accounts
for the year ended 31 October 2018
Boss Motorcompany Ltd is a private company, limited by shares, registered in England and Wales, registration number 09276032. The registered office is THE CORNER HOUSE, 23 MARKET STREET, CRAVEN ARMS, SHROPSHIRE, SY7 9NW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% per annum on cost
Fixtures & fittings
10% per annum on cost
Boss Motorcompany Ltd
Notes to the Accounts
for the year ended 31 October 2018
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2017
544,106
38,700
10,022
592,828
Additions
1,188
1,851
4,387
7,426
Disposals
-
-
(733)
(733)
At 31 October 2018
545,294
40,551
13,676
599,521
At 1 November 2017
-
10,170
1,525
11,695
Charge for the year
-
4,055
1,368
5,423
On disposals
-
-
(73)
(73)
At 31 October 2018
-
14,225
2,820
17,045
At 31 October 2018
545,294
26,326
10,856
582,476
At 31 October 2017
544,106
28,530
8,497
581,133
Finished goods
697,230
828,098
7
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
217,914
274,167
Trade creditors
25,081
15,400
Taxes and social security
101,944
66,572
8
Creditors: amounts falling due after more than one year
2018
2017
Bank loans
263,180
208,491
Other creditors
388,227
738,962
Boss Motorcompany Ltd
Notes to the Accounts
for the year ended 31 October 2018
9
Share capital
2018
2017
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 7 (2017: 6).