1 November 2017 false No description of principal activity Taxfiler 2018.20.Web SC547394business:PrivateLimitedCompanyLtd2017-11-012018-10-31 SC5473942017-10-31 SC5473942017-11-012018-10-31 SC547394business:AuditExemptWithAccountantsReport2017-11-012018-10-31 SC547394business:FullAccounts2017-11-012018-10-31 SC5473942018-10-31 SC547394business:Director12017-11-012018-10-31 SC547394business:RegisteredOffice2017-11-012018-10-31 SC5473942017-10-31 SC547394core:WithinOneYear2018-10-31 SC547394core:WithinOneYear2017-10-31 SC547394core:ShareCapital2018-10-31 SC547394core:ShareCapital2017-10-31 SC547394core:RetainedEarningsAccumulatedLosses2018-10-31 SC547394core:RetainedEarningsAccumulatedLosses2017-10-31 SC547394business:SmallEntities2017-11-012018-10-31 SC547394countries:Scotland2017-11-012018-10-31 SC547394core:Goodwill2017-10-31 SC547394core:Goodwill2018-10-31 SC547394core:Goodwill2017-11-012018-10-31 SC5473942016-11-012017-10-31 iso4217:GBP xbrli:pure
Company Registration No. SC547394 (Scotland)
J BOULT DESIGNS LIMITED Unaudited accounts for the year ended 31 October 2018
J BOULT DESIGNS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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J BOULT DESIGNS LIMITED Company Information for the year ended 31 October 2018
Director
MR JAMES BOULT
Company Number
SC547394 (Scotland)
Registered Office
Keeper's Cottage Ardtornish Morvern Oban PA80 5UZ Scotland
Accountants
THE HIGHLAND BOOKKEEPER 2 ACHNAHA VIEW LOCHALINE MORVERN ARGYLL PA80 5AB
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J BOULT DESIGNS LIMITED Statement of financial position as at 31 October 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
3,000 
4,000 
Current assets
Inventories
5
- 
2,803 
Debtors
6
- 
2,365 
Cash at bank and in hand
105 
2,876 
105 
8,044 
Creditors: amounts falling due within one year
7
(3,648)
(11,929)
Net current liabilities
(3,543)
(3,885)
Net (liabilities)/assets
(543)
115 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(545)
113 
Shareholders' funds
(543)
115 
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 director acknowledges his 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 27 February 2019.
MR JAMES BOULT Director Company Registration No. SC547394
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J BOULT DESIGNS LIMITED Notes to the Accounts for the year ended 31 October 2018
1
Statutory information
J BOULT DESIGNS LIMITED is a private company, limited by shares, registered in Scotland, registration number SC547394. The registered office is Keeper's Cottage, Ardtornish, Morvern, Oban, PA80 5UZ, Scotland. The principal place of business is Caol Muile, Morvern, Oban, Argyll, PA80 5UU, SCOTLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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J BOULT DESIGNS LIMITED Notes to the Accounts for the year ended 31 October 2018
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2017
5,000 
At 31 October 2018
5,000 
Amortisation
At 1 November 2017
1,000 
Charge for the year
1,000 
At 31 October 2018
2,000 
Net book value
At 31 October 2018
3,000 
At 31 October 2017
4,000 
5
Inventories
2018 
2017 
£ 
£ 
Finished goods
- 
2,803 
- 
2,803 
6
Debtors
2018 
2017 
£ 
£ 
Trade debtors
- 
2,365 
7
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Trade creditors
- 
367 
Taxes and social security
900 
752 
Loans from directors
2,198 
9,850 
Accruals
550 
960 
3,648 
11,929 
8
Average number of employees
During the year the average number of employees was 2 (2017: 2).
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